Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil Sells 1,006 Shares

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 1,006 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $39,867.78. Following the completion of the transaction, the executive now directly owns 48,488 shares in the company, valued at $1,921,579.44. This trade represents a 2.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Jonathan Vassil also recently made the following trade(s):

• On Friday, November 8th, Jonathan Vassil sold 100,000 shares of Toast stock. The shares were sold at an average price of $36.55, for a total transaction of $3,655,000.00.

Toast Stock Up 1.6 %

Shares of TOST stock opened at $41.99 on Friday. Toast, Inc. has a 12-month low of $18.47 and a 12-month high of $44.12. The business’s fifty day simple moving average is $38.46 and its 200-day simple moving average is $32.25.

Toast (NYSE:TOST) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. During the same period last year, the business posted ($0.09) earnings per share. As a group, research analysts forecast that Toast, Inc. will post 0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Compass Point assumed coverage on shares of Toast in a report on Wednesday, November 20th. They set a “buy” rating and a $49.00 price objective for the company. BNP Paribas downgraded shares of Toast from an “outperform” rating to a “neutral” rating and set a $37.00 price target for the company. in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price target on Toast from $24.00 to $30.00 and gave the company a “hold” rating in a report on Monday, November 4th. Piper Sandler raised their price objective on Toast from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group lowered their target price on Toast from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $35.74.

Hedge Funds Weigh In On Toast

Several hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in Toast by 120.4% in the 4th quarter. Blue Trust Inc. now owns 692 shares of the company’s stock worth $25,000 after purchasing an additional 378 shares in the last quarter. Piscataqua Savings Bank purchased a new position in shares of Toast in the fourth quarter worth $26,000. Stonebridge Financial Group LLC purchased a new position in shares of Toast in the fourth quarter worth $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of Toast during the fourth quarter worth $35,000. Finally, Toth Financial Advisory Corp acquired a new position in shares of Toast in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Company Profile

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.