Toast, Inc. (NYSE:TOST) Receives $34.81 Consensus PT from Analysts

Shares of Toast, Inc. (NYSE:TOST - Get Free Report) have been given a consensus recommendation of "Hold" by the twenty-two research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $34.81.

Several research analysts recently weighed in on TOST shares. Robert W. Baird raised their target price on Toast from $30.00 to $38.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Toast from $24.00 to $30.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Bank of America increased their target price on shares of Toast from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Tuesday, September 17th. Wedbush lifted their price target on shares of Toast from $35.00 to $45.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company increased their price objective on Toast from $23.00 to $25.00 and gave the company an "underweight" rating in a research report on Friday, November 8th.

Toast Stock Up 0.4 %

TOST traded up $0.14 during trading on Wednesday, reaching $38.41. The stock had a trading volume of 5,438,110 shares, compared to its average volume of 7,422,881. The stock has a 50 day moving average of $34.94 and a two-hundred day moving average of $28.48. The firm has a market capitalization of $18.09 billion, a price-to-earnings ratio of -295.46, a price-to-earnings-growth ratio of 23.81 and a beta of 1.92. Toast has a 1-year low of $15.15 and a 1-year high of $44.12.

Insider Buying and Selling

In related news, CRO Jonathan Vassil sold 1,367 shares of the firm's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $42,486.36. Following the transaction, the executive now directly owns 39,834 shares in the company, valued at approximately $1,238,040.72. This trade represents a 3.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David Yuan sold 189,785 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $43.01, for a total transaction of $8,162,652.85. Following the transaction, the director now directly owns 198,829 shares of the company's stock, valued at approximately $8,551,635.29. This represents a 48.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,476,635 shares of company stock worth $47,170,681. Corporate insiders own 13.32% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TOST. ValueAct Holdings L.P. acquired a new position in shares of Toast during the third quarter valued at about $438,301,000. FMR LLC raised its holdings in 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 acquiring an additional 8,205,053 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Toast by 2,889.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,829,995 shares of the company's stock worth $108,427,000 after acquiring an additional 3,701,893 shares during the period. Marshall Wace LLP grew its holdings in shares of Toast by 175.8% during the 2nd quarter. Marshall Wace LLP now owns 2,517,288 shares of the company's stock worth $64,871,000 after purchasing an additional 1,604,716 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its position in shares of Toast by 1,475.0% during the third quarter. Worldquant Millennium Advisors LLC now owns 850,965 shares of the company's stock valued at $24,091,000 after purchasing an additional 796,936 shares during the period. 82.91% of the stock is owned by institutional investors.

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.