In yesterday’s Wall Street session, Toast Inc (NYSE:TOST) shares traded at $24.33, down -0.61% from the previous session.
TOST stock price is now 15.86% away from the 50-day moving average and 23.22% away from the 200-day moving average. The market capitalization of the company currently stands at $13.21B.
With the price target maintained at $30, Exane BNP Paribas recently Upgraded its rating from Neutral to Outperform for Toast Inc (NYSE: TOST). On March 04, 2024, Evercore ISI recently initiated its ‘Outperform’ rating on the stock quoting a target price of $32, while ‘Redburn Atlantic’ rates the stock as ‘Buy’
In other news, Matlock James Michael, Principal Accounting Officer sold 787 shares of the company’s stock on Mar 15 ’24. The stock was sold for $18,566 at an average price of $23.59. Upon completion of the transaction, the Principal Accounting Officer now directly owns 38,993 shares in the company, valued at $0.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, Chief Revenue Officer Vassil Jonathan sold 100,000 shares of the business’s stock. A total of $2,523,900 was realized by selling the stock at an average price of $25.24. This leaves the insider owning 22,956 shares of the company worth $0.56 million. A total of 34.92% of the company’s stock is owned by insiders.
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 0.04, a current ratio of 2.28, and a quick ratio of 2.09. The fifty day moving average price for TOST is $21.14 and a two-hundred day moving average price translates $19.76 for the stock.
The latest earnings results from Toast Inc (NYSE: TOST) was released for Dec, 2023. According to the Software – Infrastructure Company, earnings per share came in at -$0.07, beating analysts’ expectations of -$0.1 by 0.03. This compares to -$0.20 EPS in the same period last year. The net profit margin was -6.36% and return on equity was -21.47% for TOST. The company reported revenue of $1.04 billion for the quarter, compared to $769.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.72 percent. For the current quarter, analysts expect TOST to generate $1.03B in revenue.
