The stock of Toast Inc (NYSE:TOST) last traded at $25.68, up 2.76% from the previous session.
TOST stock price is now 2.48% away from the 50-day moving average and 22.42% away from the 200-day moving average. The market capitalization of the company currently stands at $14.26B.
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With the price target enhanced from $21 to $33, Mizuho Upgraded its rating from Neutral to Outperform for Toast Inc (NYSE: TOST). On May 24, 2024, Wedbush recently initiated its ‘Outperform’ rating on the stock quoting a target price of $30, while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, Comparato Christopher P, Director sold 90,000 shares of the company’s stock on Jul 17 ’24. The stock was sold for $2,388,879 at an average price of $26.54. Upon completion of the transaction, the Director now directly owns 112,282 shares in the company, valued at $2.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 15 ’24, Chief Revenue Officer Vassil Jonathan sold 100,000 shares of the business’s stock. A total of $2,555,400 was realized by selling the stock at an average price of $25.55. This leaves the insider owning 31,919 shares of the company worth $0.82 million. A total of 31.83% 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 $25.0292 and a two-hundred day moving average price translates $21.01975 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.
