Stocks of Toast Inc (NYSE:TOST) traded higher last session on Wall Street, down -3.17% to $24.45.
TOST stock price is now -1.86% away from the 50-day moving average and 15.46% away from the 200-day moving average. The market capitalization of the company currently stands at $13.57B.
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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, Gomez Elena, Officer bought 2,162 shares of the company’s stock on Aug 02 ’24. The stock was bought for $51,890 at an average price of $24.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02 ’24, Officer Narang Aman bought 1,856 shares of the business’s stock. A total of $44,545 was incurred on buying the stock at an average price of $24.00. A total of 31.79% 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 $24.8712 and a two-hundred day moving average price translates $21.20845 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.
