Oxinas Partners Wealth Management LLC Purchases Shares of 14,854 Toast, Inc. (NYSE:TOST)

Oxinas Partners Wealth Management LLC acquired a new stake in Toast, Inc. (NYSE:TOST) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,854 shares of the company’s stock, valued at approximately $541,000.

Other large investors also recently modified their holdings of the company. Toth Financial Advisory Corp bought a new position in shares of Toast in the third quarter valued at about $28,000. Raleigh Capital Management Inc. raised its position in shares of Toast by 93.4% in the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after purchasing an additional 720 shares during the period. Farther Finance Advisors LLC raised its position in shares of Toast by 32.3% in the third quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after purchasing an additional 496 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Toast in the third quarter valued at about $59,000. Finally, Truvestments Capital LLC bought a new position in shares of Toast in the third quarter valued at about $65,000. 82.91% of the stock is owned by institutional investors.

Toast Trading Up 2.1 %

NYSE:TOST opened at $38.67 on Wednesday. The firm’s 50 day simple moving average is $38.91 and its 200 day simple moving average is $31.11. Toast, Inc. has a one year low of $16.13 and a one year high of $44.12.

Toast (NYSE:TOST) last posted its earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. Toast had a negative net margin of 1.05% and a negative return on equity of 3.84%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned ($0.09) EPS. As a group, sell-side analysts expect that Toast, Inc. will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Aman Narang sold 1,646 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $51,157.68. Following the sale, the chief executive officer now directly owns 969,970 shares of the company’s stock, valued at approximately $30,146,667.60. This represents a 0.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher P. Comparato sold 145,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $36.04, for a total transaction of $5,225,800.00. Following the completion of the sale, the director now directly owns 182,451 shares in the company, valued at approximately $6,575,534.04. This represents a 44.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 562,600 shares of company stock worth $21,823,932 in the last ninety days. Company insiders own 13.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TOST. Compass Point began coverage on shares of Toast in a research report on Wednesday, November 20th. They set a “buy” rating and a $49.00 price target on the stock. Piper Sandler raised their price target on shares of Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. BNP Paribas lowered shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research report on Wednesday, November 20th. Robert W. Baird raised their price target on shares of Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company raised their price target on shares of Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Toast has an average rating of “Hold” and a consensus target price of $35.27.

About Toast

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.