In yesterday’s Wall Street session, Toast Inc (NYSE:TOST) shares traded at $29.03, up 1.04% from the previous session.
TOST stock price is now 11.83% away from the 50-day moving average and 22.25% away from the 200-day moving average. The market capitalization of the company currently stands at $16.31B.
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With the price target of $33, Cleveland Research recently initiated with Buy rating for Toast Inc (NYSE: TOST). On July 18, 2024, Mizuho Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $21 to quote $33, while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, Fredette Stephen, Officer bought 40,459 shares of the company’s stock on Oct 16 ’24. The stock was bought for $1,175,000 at an average price of $29.04. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 10 ’24, President Fredette Stephen sold 54,560 shares of the business’s stock. A total of $1,588,187 was realized by selling the stock at an average price of $29.11. This leaves the insider owning 1,740,741 shares of the company worth $50.53 million. A total of 29.98% 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 $29.92. 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 $25.8634 and a two-hundred day moving average price translates $23.6935 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.
