Toast, Inc. (NYSE:TOST) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lowered its holdings in Toast, Inc. (NYSE:TOST) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,300 shares of the company’s stock after selling 4,000 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Toast were worth $992,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Baystate Wealth Management LLC acquired a new stake in shares of Toast in the third quarter valued at about $29,000. BluePath Capital Management LLC acquired a new stake in shares of Toast in the third quarter valued at about $30,000. SRS Capital Advisors Inc. acquired a new stake in shares of Toast in the third quarter valued at about $33,000. Larson Financial Group LLC grew its position in shares of Toast by 8,181.8% in the third quarter. Larson Financial Group LLC now owns 1,822 shares of the company’s stock valued at $34,000 after purchasing an additional 1,800 shares during the period. Finally, Spire Wealth Management grew its position in shares of Toast by 481.6% in the third quarter. Spire Wealth Management now owns 1,838 shares of the company’s stock valued at $34,000 after purchasing an additional 1,522 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Price Performance

Toast stock opened at $22.73 on Friday. The company’s 50 day simple moving average is $23.55 and its 200-day simple moving average is $19.42. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $27.00.

Toast (NYSE:TOST) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. Toast had a negative net margin of 6.36% and a negative return on equity of 21.77%. The business’s revenue was up 34.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.19) EPS. Analysts predict that Toast, Inc. will post -0.22 earnings per share for the current fiscal year.

Insider Activity

In related news, President Stephen Fredette sold 2,272 shares of Toast stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total value of $53,164.80. Following the completion of the transaction, the president now owns 2,835,759 shares in the company, valued at $66,356,760.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, President Stephen Fredette sold 2,272 shares of Toast stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $23.40, for a total value of $53,164.80. Following the completion of the transaction, the president now owns 2,835,759 shares in the company, valued at $66,356,760.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Jonathan Vassil sold 100,000 shares of Toast stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $25.24, for a total transaction of $2,524,000.00. Following the completion of the transaction, the executive now owns 22,956 shares of the company’s stock, valued at approximately $579,409.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 180,510 shares of company stock valued at $4,361,171. Company insiders own 13.70% of the company’s stock.

Wall Street Analyst Weigh In

TOST has been the topic of several research analyst reports. Redburn Atlantic upgraded shares of Toast from a “neutral” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Wednesday, February 7th. UBS Group raised their price target on shares of Toast from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Piper Sandler raised their price target on shares of Toast from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Wells Fargo & Company raised their price target on shares of Toast from $15.00 to $17.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. Finally, Evercore ISI began coverage on shares of Toast in a research note on Monday, March 4th. They issued an “outperform” rating and a $32.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Toast presently has a consensus rating of “Hold” and an average target price of $24.32.

Toast Company Profile

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.