The price of Toast Inc (NYSE:TOST) shares last traded on Wall Street fell -3.22% to $27.09.
TOST stock price is now 7.59% away from the 50-day moving average and 18.48% away from the 200-day moving average. The market capitalization of the company currently stands at $15.22B.
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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, President sold 144,238 shares of the company’s stock on Sep 20 ’24. The stock was sold for $3,943,611 at an average price of $27.34. Upon completion of the transaction, the President now directly owns 2,160,499 shares in the company, valued at $58.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 23 ’24, President Fredette Stephen sold 8,057 shares of the business’s stock. A total of $225,725 was realized by selling the stock at an average price of $28.02. This leaves the insider owning 2,152,442 shares of the company worth $58.31 million. A total of 30.07% 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 $28.19. 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 $25.1758 and a two-hundred day moving average price translates $22.92385 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.
