Stocks of Toast Inc (NYSE:TOST) traded higher last session on Wall Street, up 0.25% to $23.68.
TOST stock price is now -4.98% away from the 50-day moving average and 6.58% away from the 200-day moving average. The market capitalization of the company currently stands at $13.31B.
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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, Fredette Stephen, Officer bought 211,686 shares of the company’s stock on Sep 10 ’24. The stock was bought for $4,988,824 at an average price of $23.57. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 20 ’24, Director Comparato Christopher P sold 100,000 shares of the business’s stock. A total of $2,434,744 was realized by selling the stock at an average price of $24.35. This leaves the insider owning 120,107 shares of the company worth $2.84 million. A total of 30.36% 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 $24.8782 and a two-hundred day moving average price translates $22.2665 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.
