The price of Toast Inc (NYSE:TOST) shares last traded on Wall Street unchanged to $22.72.
TOST stock price is now -5.57% away from the 50-day moving average and 12.54% away from the 200-day moving average. The market capitalization of the company currently stands at $12.61B.
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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 $0.61 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 $1.04 million. A total of 31.71% 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 $24.0486 and a two-hundred day moving average price translates $20.1946 for the stock.
The latest earnings results from Toast Inc (NYSE: TOST) was released for 2024-03-31. 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.
Toast Inc(TOST) 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. It provides toast online ordering and toast takeout, first-party delivery toast delivery services, and third-party delivery integrations and orders hub; and loyalty, email marketing, and toast gift cards. In addition, the company offers payroll and team management, Sling by Toast, Toast pay card and payout, and tips manager, as well as partner-enabled products comprising insurance and benefits; supply chain and accounting products, such as xtraCHEF by toast; and financial technology solutions consisting of payment processing, toast capital, and purchase plans. Further, it offers reporting and analytics, Toast shop, and Toast partner connect and application programming interfaces. The company was formerly known as Opti Systems, Inc. and changed its name to Toast, Inc. in May 2012. Toast, Inc. was incorporated in 2011 and is headquartered in Boston, Massachusetts.
