In yesterday’s Wall Street session, Toast Inc (NYSE:TOST) shares traded at $15.35, up 1.93% from the previous session.
24 analysts cover Toast Inc (NYSE:TOST), according to research data. 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 $18.00. Given the previous closing price of $15.06, this indicates a potential upside of 19.52 percent. TOST stock price is now -5.22% away from the 50-day moving average and -20.40% away from the 200-day moving average. The market capitalization of the company currently stands at $8.27B.
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The stock has received a hold rating from 13 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $18.34 as their price target over the next twelve months.
With the price target of $18, Redburn Atlantic recently initiated with Neutral rating 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 $1.62 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 $233.57 million over the past 1 year. A total of 34.26% of the company’s stock is owned by insiders.
On Friday morning Toast Inc (NYSE: TOST) stock kicked off with the opening price of $15.01. 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 $16.13 and a two-hundred day moving average price translates $19.26 for the stock.
The latest earnings results from Toast Inc (NYSE: TOST) was released for Sep, 2023. 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.
