Elena Gomez Sells 12,500 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CFO Elena Gomez sold 12,500 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $28.41, for a total transaction of $355,125.00. Following the completion of the transaction, the chief financial officer now owns 207,518 shares of the company’s stock, valued at approximately $5,895,586.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Elena Gomez also recently made the following trade(s):

• On Friday, August 2nd, Elena Gomez sold 2,162 shares of Toast stock. The shares were sold at an average price of $24.00, for a total value of $51,888.00.

Toast Trading Up 3.2 %

Shares of NYSE:TOST opened at $28.77 on Friday. Toast, Inc. has a 1-year low of $13.77 and a 1-year high of $29.92. The stock has a market capitalization of $13.26 billion, a P/E ratio of -57.54 and a beta of 1.76. The business has a 50-day moving average price of $25.39 and a two-hundred day moving average price of $24.82.

Toast (NYSE:TOST) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted ($0.19) earnings per share. Toast’s revenue for the quarter was up 27.0% compared to the same quarter last year. As a group, equities analysts predict that Toast, Inc. will post -0.1 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on TOST. Mizuho raised shares of Toast from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $21.00 to $33.00 in a report on Thursday, July 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 price objective on shares of Toast in a report on Wednesday, August 7th. Morgan Stanley boosted their target price on Toast from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price target on shares of Toast in a report on Wednesday, August 7th. Finally, Bank of America lifted their price objective on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Toast presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. LRI Investments LLC bought a new stake in Toast in the first quarter valued at about $27,000. West Branch Capital LLC acquired a new stake in shares of Toast in the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Toast during the 2nd quarter worth approximately $33,000. 1620 Investment Advisors Inc. acquired a new position in Toast during the second quarter valued at approximately $34,000. Finally, Harbor Investment Advisory LLC bought a new stake in Toast in the first quarter valued at approximately $37,000. Institutional investors and hedge funds 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.