Aigen Investment Management LP Invests $375,000 in Toast, Inc. (NYSE:TOST)

Aigen Investment Management LP purchased a new stake in Toast, Inc. (NYSE:TOST - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,276 shares of the company's stock, valued at approximately $375,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TOST. Blue Trust Inc. grew its position in shares of Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after purchasing an additional 378 shares during the period. Piscataqua Savings Bank acquired a new position in Toast during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new position in Toast during the 4th quarter worth approximately $34,000. SBI Securities Co. Ltd. acquired a new position in Toast during the 4th quarter worth approximately $35,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in Toast during the 4th quarter worth approximately $40,000. 82.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, President Stephen Fredette sold 1,068 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $42,324.84. Following the completion of the sale, the president now owns 1,644,656 shares in the company, valued at approximately $65,177,717.28. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christopher P. Comparato sold 145,000 shares of the company's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $36.04, for a total value of $5,225,800.00. Following the sale, the director now owns 182,451 shares of the company's stock, valued at $6,575,534.04. This trade represents a 44.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,779 shares of company stock worth $5,415,192. 13.32% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several research firms have recently commented on TOST. UBS Group increased their price objective on Toast from $41.00 to $47.00 and gave the company a "buy" rating in a report on Thursday, February 20th. DA Davidson restated a "neutral" rating and issued a $38.00 price target (down previously from $44.00) on shares of Toast in a research note on Thursday, December 5th. BNP Paribas set a $37.00 price objective on Toast and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Canaccord Genuity Group increased their target price on Toast from $43.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company raised their price objective on Toast from $25.00 to $30.00 and gave the company an "underweight" rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $40.48.

Toast Stock Performance

Shares of TOST traded up $0.65 during mid-day trading on Friday, reaching $34.77. 10,911,437 shares of the company were exchanged, compared to its average volume of 6,598,657. The stock has a market capitalization of $17.17 billion, a PE ratio of -3,473.03, a PEG ratio of 2.16 and a beta of 1.99. The business has a 50 day simple moving average of $38.36 and a two-hundred day simple moving average of $34.29. Toast, Inc. has a 52 week low of $21.32 and a 52 week high of $44.12.

Toast (NYSE:TOST - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. On average, analysts predict that Toast, Inc. will post 0.39 EPS for the current year.

Toast 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.