Toast, Inc. (NYSE:TOST) CFO Sells $81,320.76 in Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 2,052 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $81,320.76. Following the sale, the chief financial officer now owns 160,498 shares in the company, valued at $6,360,535.74. The trade was a 1.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Toast Price Performance

Shares of NYSE TOST opened at $41.21 on Friday. The firm has a fifty day moving average of $38.43 and a 200 day moving average of $32.31. Toast, Inc. has a one year low of $18.47 and a one year high of $44.12.

Toast (NYSE:TOST) last released its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. During the same quarter in the previous year, the company earned ($0.09) earnings per share. As a group, equities research analysts forecast that Toast, Inc. will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TOST has been the topic of several research analyst reports. BMO Capital Markets started coverage on shares of Toast in a research report on Monday, January 6th. They set an “outperform” rating and a $45.00 target price on the stock. Wells Fargo & Company boosted their price objective on shares of Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their target price on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Stephens increased their price objective on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Wedbush lifted their target price on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $36.09.

Hedge Funds Weigh In On Toast

A number of hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of Toast by 9.1% during the second quarter. The Manufacturers Life Insurance Company now owns 97,883 shares of the company’s stock worth $2,522,000 after purchasing an additional 8,186 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Toast during the second quarter worth $618,000. Atomi Financial Group Inc. purchased a new position in shares of Toast in the third quarter worth about $330,000. Trevian Wealth Management LLC acquired a new position in Toast during the third quarter worth about $1,398,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Toast during the 3rd quarter valued at about $82,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

About Toast

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.