Elena Gomez Sells 2,052 Shares of Toast, Inc. (NYSE:TOST) Stock

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

Toast Stock Up 1.6 %

Shares of Toast stock opened at $41.99 on Friday. The stock’s fifty day simple moving average is $38.46 and its 200 day simple moving average is $32.25. Toast, Inc. has a 12 month low of $18.47 and a 12 month high of $44.12.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Stephens boosted their price target on shares of Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. DA Davidson reissued a “neutral” rating and issued a $38.00 price target (down previously from $44.00) on shares of Toast in a research report on Thursday, December 5th. Keefe, Bruyette & Woods raised their price target on shares of Toast from $29.00 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft increased their target price on Toast from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, Robert W. Baird boosted their price target on Toast from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Toast has a consensus rating of “Hold” and a consensus target price of $35.74.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TOST. Blue Trust Inc. raised its holdings in shares of Toast by 120.4% during the fourth quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after acquiring an additional 378 shares during the period. Piscataqua Savings Bank bought a new position in Toast during the 4th quarter worth about $26,000. Toth Financial Advisory Corp acquired a new stake in shares of Toast in the 3rd quarter valued at about $28,000. Stonebridge Financial Group LLC bought a new stake in shares of Toast in the fourth quarter valued at about $34,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Toast during the fourth quarter worth about $35,000. Institutional investors own 82.91% of the company’s stock.

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.