Jonathan Vassil Sells 2,282 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOSTGet Free Report) CRO Jonathan Vassil sold 2,282 shares of Toast stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $23.40, for a total value of $53,398.80. Following the transaction, the executive now owns 25,422 shares of the company’s stock, valued at $594,874.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Wednesday, March 13th, Jonathan Vassil sold 100,000 shares of Toast stock. The shares were sold at an average price of $25.24, for a total value of $2,524,000.00.
  • On Friday, February 2nd, Jonathan Vassil sold 916 shares of Toast stock. The shares were sold at an average price of $18.72, for a total value of $17,147.52.

Toast Price Performance

Toast stock opened at $23.28 on Thursday. Toast, Inc. has a 52 week low of $13.77 and a 52 week high of $27.00. The stock has a fifty day moving average of $21.96 and a 200-day moving average of $18.69.

Toast (NYSE:TOSTGet Free Report) last issued its earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the firm earned ($0.19) EPS. The business’s revenue for the quarter was up 34.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Toast, Inc. will post -0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Toast

A number of institutional investors and hedge funds have recently bought and sold shares of TOST. Baystate Wealth Management LLC acquired a new position in Toast in the 3rd quarter worth about $29,000. BluePath Capital Management LLC bought a new stake in shares of Toast in the 3rd quarter valued at about $30,000. Principal Securities Inc. bought a new stake in shares of Toast in the 4th quarter valued at about $30,000. Cape Investment Advisory Inc. bought a new stake in shares of Toast in the 4th quarter valued at about $31,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Toast by 277.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,710 shares of the company’s stock valued at $31,000 after buying an additional 1,257 shares during the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TOST. Bank of America downgraded Toast from a “buy” rating to a “neutral” rating and reduced their price target for the company from $22.00 to $16.00 in a research note on Wednesday, December 6th. Evercore ISI assumed coverage on Toast in a report on Monday, March 4th. They issued an “outperform” rating and a $32.00 price objective for the company. Piper Sandler lifted their price objective on Toast from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Wells Fargo & Company lifted their price objective on Toast from $12.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, February 16th. Finally, Royal Bank of Canada lifted their price objective on Toast from $19.00 to $23.00 and gave the company a “sector perform” rating in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Toast presently has a consensus rating of “Hold” and an average price target of $23.20.

Check Out Our Latest Stock Report on TOST

Toast Company Profile

(Get Free Report)

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.

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