The price of Toast Inc (NYSE:TOST) shares last traded on Wall Street rose 0.12% to $24.78.
TOST stock price is now 0.27% away from the 50-day moving average and 15.66% away from the 200-day moving average. The market capitalization of the company currently stands at $13.75B.
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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, Vassil Jonathan, Chief Revenue Officer sold 1,541 shares of the company’s stock on Aug 02 ’24. The stock was sold for $36,986 at an average price of $24.00. Upon completion of the transaction, the Chief Revenue Officer now directly owns 33,312 shares in the company, valued at $0.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02 ’24, Chief Financial Officer Gomez Elena sold 2,162 shares of the business’s stock. A total of $51,890 was realized by selling the stock at an average price of $24.00. This leaves the insider owning 183,931 shares of the company worth $4.56 million. A total of 31.64% 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 2.27, and a quick ratio of 2.12. The fifty day moving average price for TOST is $24.7498 and a two-hundred day moving average price translates $21.46825 for the stock.
The latest earnings results from Toast Inc (NYSE: TOST) was released for 2024-06-30. The net profit margin was -3.10% and return on equity was -11.52% for TOST. The company reported revenue of $1.24 billion for the quarter, compared to $978.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.99 percent.
