Stocks of Toast Inc (NYSE:TOST) traded higher last session on Wall Street, up 3.03% to $15.32.
According to the data, Toast Inc (NYSE:TOST) has 23 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $12.00, we find $18.50. Given the previous closing price of $14.87, this indicates a potential upside of 24.41 percent. TOST stock price is now -7.42% away from the 50-day moving average and -21.16% away from the 200-day moving average. The market capitalization of the company currently stands at $8.25B.
A total of 11 analysts have issued a hold rating and 9 have given it a buy rating. Brokers who have rated the stock have averaged $18.72 as their price target over the next twelve months.
With the price target maintained at $18, Robert W. Baird recently Upgraded its rating from Neutral to Outperform for Toast Inc (NYSE: TOST).
In other news, Comparato Christopher P, Chief Executive Officer sold 58,000 shares of the company’s stock on Nov 29. The stock was sold for $886,588 at an average price of $15.29. Upon completion of the transaction, the Chief Executive Officer now directly owns 105,320 shares in the company, valued at $1.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, Principal Accounting Officer Matlock James Michael sold 1,292 shares of the business’s stock. A total of $18,888 was realized by selling the stock at an average price of $14.62. This leaves the insider owning 33,445 shares of the company worth $0.51 million. Insiders disposed of 15,216,282 shares of company stock worth roughly $233.11 million over the past 1 year. A total of 34.27% of the company’s stock is owned by insiders.
Friday’s opening bell rang with an opening price of $14.91 for Toast Inc (NYSE: TOST). During the past 12 months, Toast Inc has had a low of $13.77 and a high of $27.00. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 2.48, and a quick ratio of 2.29. The fifty day moving average price for TOST is $16.48 and a two-hundred day moving average price translates $19.38 for the stock.
The latest earnings results from Toast Inc (NYSE: TOST) was released for Sep, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.06, beating analysts’ expectations of -$0.1 by 0.04. This compares to -$0.19 EPS in the same period last year. The net profit margin was -8.59% and return on equity was -27.25% for TOST. The company reported revenue of $1.03 billion for the quarter, compared to $752.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 37.23 percent. For the current quarter, analysts expect TOST to generate $1.02B in revenue.
