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

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

Toast Trading Down 1.8 %

TOST opened at $41.21 on Friday. Toast, Inc. has a one year low of $18.47 and a one year high of $44.12. The business’s 50-day simple moving average is $38.43 and its 200-day simple moving average is $32.31.

Toast (NYSE:TOST) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted ($0.09) earnings per share. On average, analysts expect that Toast, Inc. will post 0.03 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TOST. Prosperity Wealth Management Inc. acquired a new position in Toast in the fourth quarter valued at $320,000. Wealthfront Advisers LLC purchased a new stake in shares of Toast in the 4th quarter valued at about $579,000. AGF Management Ltd. acquired a new stake in shares of Toast in the 4th quarter valued at about $7,878,000. Daiwa Securities Group Inc. grew its stake in Toast by 4.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 59,672 shares of the company’s stock worth $2,175,000 after buying an additional 2,700 shares during the last quarter. Finally, EPIQ Capital Group LLC acquired a new position in Toast during the fourth quarter worth approximately $255,000. 82.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TOST. Royal Bank of Canada raised their price objective on shares of Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. The Goldman Sachs Group reduced their price target on shares of Toast from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Wedbush increased their price objective on Toast from $35.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Piper Sandler raised their target price on Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, Stephens upped their price target on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $36.09.

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.