The price of Toast Inc (NYSE:TOST) shares last traded on Wall Street fell -7.08% to $23.63.
TOST stock price is now -2.84% away from the 50-day moving average and 17.27% away from the 200-day moving average. The market capitalization of the company currently stands at $13.12B.
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With the price target of $30, Wedbush recently initiated with Outperform rating for Toast Inc (NYSE: TOST). On May 21, 2024, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $28, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, Vassil Jonathan, Chief Revenue Officer sold 50,000 shares of the company’s stock on May 23 ’24. The stock was sold for $1,289,440 at an average price of $25.79. Upon completion of the transaction, the Chief Revenue Officer now directly owns 26,897 shares in the company, valued at $0.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’24, Principal Accounting Officer Matlock James Michael sold 700 shares of the business’s stock. A total of $19,349 was realized by selling the stock at an average price of $27.64. This leaves the insider owning 45,810 shares of the company worth $1.08 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 fifty day moving average price for TOST is $24.3198 and a two-hundred day moving average price translates $20.1508 for the stock.
The latest earnings results from Toast Inc (NYSE: TOST) was released for 2024-03-31. According to the Software – Infrastructure Company, earnings per share came in at -0.19, missing analysts’ expectations of -0.14 by -0.05. This compares to -$0.15 EPS in the same period last year. 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. For the current quarter, analysts expect TOST to generate $1.22B in revenue.
