Oxford Financial Group LTD. LLC Buys Shares of 9,987 Toast, Inc. (NYSE:TOST)

Oxford Financial Group LTD. LLC purchased a new stake in Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,987 shares of the company's stock, valued at approximately $364,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ValueAct Holdings L.P. purchased a new stake in Toast in the third quarter valued at $438,301,000. FMR LLC lifted its holdings in shares of Toast by 50.5% in the 3rd quarter. FMR LLC now owns 24,449,743 shares of the company's stock valued at $692,172,000 after purchasing an additional 8,205,053 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Toast by 129,058.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,074,286 shares of the company's stock valued at $75,466,000 after purchasing an additional 2,072,680 shares during the period. Perpetual Ltd purchased a new position in Toast during the 4th quarter worth approximately $60,878,000. Finally, Worldquant Millennium Advisors LLC increased its position in Toast by 1,475.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 850,965 shares of the company's stock worth $24,091,000 after buying an additional 796,936 shares during the period. Institutional investors and hedge funds own 82.91% of the company's stock.

Toast Stock Down 1.1 %

Shares of NYSE TOST traded down $0.41 during midday trading on Wednesday, hitting $35.95. The stock had a trading volume of 6,225,067 shares, compared to its average volume of 6,513,678. The company has a fifty day moving average price of $37.85 and a 200 day moving average price of $35.32. The company has a market capitalization of $17.76 billion, a price-to-earnings ratio of -3,590.91, a PEG ratio of 2.16 and a beta of 1.99. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12.

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

Insider Buying and Selling at Toast

In related news, Director Deval L. Patrick sold 34,222 shares of Toast stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the sale, the director now owns 13,260 shares of the company's stock, valued at $437,712.60. The trade was a 72.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Stephen Fredette sold 1,068 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $42,324.84. Following the completion of the transaction, the president now directly owns 1,644,656 shares of the company's stock, valued at approximately $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 270,770 shares of company stock valued at $9,409,211 over the last three months. 13.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TOST. Morgan Stanley increased their price target on shares of Toast from $46.00 to $50.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 price objective on shares of Toast in a research note on Thursday, February 20th. Canaccord Genuity Group upped their price target on Toast from $43.00 to $48.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. The Goldman Sachs Group set a $40.00 price objective on shares of Toast and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Toast from $40.00 to $42.00 and gave the stock a "market perform" rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $40.48.

About Toast

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.