Stocks of Toast Inc (NYSE:TOST) traded higher last session on Wall Street, up 4.70% to $23.19.
TOST stock price is now 1.03% away from the 50-day moving average and 16.95% away from the 200-day moving average. The market capitalization of the company currently stands at $12.71B.
With the price target of $25, Keefe Bruyette recently initiated with Mkt Perform rating for Toast Inc (NYSE: TOST). On March 07, 2024, Exane BNP Paribas Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock keeping its target price maintained at $30, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Vassil Jonathan, Chief Revenue Officer sold 50,000 shares of the company’s stock on Apr 15 ’24. The stock was sold for $1,145,033 at an average price of $22.90. Upon completion of the transaction, the Chief Revenue Officer now directly owns 25,422 shares in the company, valued at $0.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 15 ’24, Principal Accounting Officer Matlock James Michael sold 798 shares of the business’s stock. A total of $18,346 was realized by selling the stock at an average price of $22.99. This leaves the insider owning 40,156 shares of the company worth $0.93 million. A total of 33.97% 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.
According to the Software – Infrastructure Company, earnings per share came in at -0.15, beating analysts’ expectations of -0.17 by 0.02. 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 $1.04B in revenue.
