Toast Inc (NYSE:TOST) shares traded 0.12% higher at $42.42 on Wall Street last session.
TOST stock price is now 27.11% away from the 50-day moving average and 59.09% away from the 200-day moving average. The market capitalization of the company currently stands at $24.09B.
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With the price target maintained at $45, Goldman recently Downgraded its rating from Buy to Neutral for Toast Inc (NYSE: TOST). On November 20, 2024, Compass Point recently initiated its ‘Buy’ rating on the stock quoting a target price of $49, while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’
In other news, Yuan David, Director sold 445,215 shares of the company’s stock on Nov 26 ’24. The stock was sold for $19,411,816 at an average price of $43.60. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, Director Yuan David sold 189,785 shares of the business’s stock. A total of $8,162,653 was realized by selling the stock at an average price of $43.01. This leaves the insider owning 198,829 shares of the company worth $8.43 million. A total of 28.17% of the company’s stock is owned by insiders.
During the past 12 months, Toast Inc has had a low of $14.45 and a high of $44.12. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 2.32, and a quick ratio of 2.17. The fifty day moving average price for TOST is $33.077 and a two-hundred day moving average price translates $26.5636 for the stock.
The latest earnings results from Toast Inc (NYSE: TOST) was released for 2024-09-30. The net profit margin was -1.05% and return on equity was -3.81% for TOST. The company reported revenue of $1.3 billion for the quarter, compared to $1.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.45 percent.
