Key Points
- CRO Jonathan Vassil sold 66,390 shares on Jan. 2 at an average of $35.86 for $2,380,745.40, cutting his stake by 43.97% and leaving him with 84,589 shares valued at about $3.03M.
- Recent performance and analyst view: Toast posted Q EPS of $0.16 (missing the $0.24 estimate) with revenue of $1.63B (up 25.1% YoY), and the stock carries a consensus "Moderate Buy" rating with an average price target of $45.18.
Toast, Inc. (NYSE:TOST - Get Free Report) CRO Jonathan Vassil sold 66,390 shares of Toast stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $35.86, for a total value of $2,380,745.40. Following the completion of the transaction, the executive owned 84,589 shares in the company, valued at $3,033,361.54. The trade was a 43.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Jonathan Vassil also recently made the following trade(s):
- On Tuesday, November 4th, Jonathan Vassil sold 1,442 shares of Toast stock. The shares were sold at an average price of $35.54, for a total value of $51,248.68.
Toast Trading Up 1.5%
Shares of TOST opened at $34.51 on Tuesday. The business's 50-day moving average price is $35.46 and its 200 day moving average price is $39.80. The stock has a market capitalization of $17.77 billion, a P/E ratio of 80.27 and a beta of 1.93. Toast, Inc. has a 1-year low of $28.12 and a 1-year high of $49.66.
Toast (NYSE:TOST - Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.58 billion. Toast had a return on equity of 15.77% and a net margin of 4.68%.The business's quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. On average, research analysts predict that Toast, Inc. will post 0.39 earnings per share for the current year.
Institutional Trading of Toast
A number of institutional investors have recently added to or reduced their stakes in the business. Quent Capital LLC acquired a new position in shares of Toast during the 3rd quarter worth $27,000. RiverPark Advisors LLC bought a new stake in Toast in the second quarter worth $30,000. Alpine Bank Wealth Management acquired a new position in Toast during the third quarter worth $30,000. Ameritas Advisory Services LLC acquired a new position in Toast during the second quarter worth $31,000. Finally, REAP Financial Group LLC raised its holdings in Toast by 173.3% during the second quarter. REAP Financial Group LLC now owns 798 shares of the company's stock valued at $35,000 after buying an additional 506 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have issued reports on TOST. Keefe, Bruyette & Woods cut their target price on shares of Toast from $50.00 to $42.00 and set a "market perform" rating on the stock in a research note on Wednesday, October 1st. Wolfe Research reiterated an "outperform" rating and set a $48.00 price target on shares of Toast in a report on Wednesday, November 5th. Weiss Ratings reissued a "hold (c-)" rating on shares of Toast in a research note on Monday, December 29th. Wells Fargo & Company raised Toast to a "strong-buy" rating in a research note on Wednesday, October 22nd. Finally, Jefferies Financial Group dropped their target price on Toast from $54.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $45.18.
Check Out Our Latest Research Report on Toast
About Toast
(
Get Free Report)
Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.
Toast's product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
