In yesterday’s Wall Street session, Toast Inc (NYSE:TOST) shares traded at $26.99, down -1.96% from the previous session.
TOST stock price is now 12.05% away from the 50-day moving average and 35.14% away from the 200-day moving average. The market capitalization of the company currently stands at $14.98B.
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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, Matlock James Michael, Principal Accounting Officer sold 700 shares of the company’s stock on May 15 ’24. The stock was sold for $19,349 at an average price of $27.64. Upon completion of the transaction, the Principal Accounting Officer now directly owns 45,810 shares in the company, valued at $1.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08 ’24, Chief Financial Officer Gomez Elena sold 12,500 shares of the business’s stock. A total of $329,841 was realized by selling the stock at an average price of $26.39. This leaves the insider owning 176,980 shares of the company worth $4.78 million. A total of 31.70% 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 $27.90. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 2.23, and a quick ratio of 2.06.
The net profit margin was -6.02% and return on equity was -21.56% for TOST. The company reported revenue of $1.07 billion for the quarter, compared to $819.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.26 percent.
