The stock of Toast Inc (NYSE:TOST) last traded at $30.03, down -0.40% from the previous session.
TOST stock price is now 10.41% away from the 50-day moving average and 23.09% away from the 200-day moving average. The market capitalization of the company currently stands at $16.88B.
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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, Gomez Elena, Chief Financial Officer sold 31,248 shares of the company’s stock on Oct 18 ’24. The stock was sold for $949,033 at an average price of $30.37. Upon completion of the transaction, the Chief Financial Officer now directly owns 157,620 shares in the company, valued at $4.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 18 ’24, Chief Revenue Officer Vassil Jonathan sold 50,000 shares of the business’s stock. A total of $1,519,250 was realized by selling the stock at an average price of $30.39. This leaves the insider owning 38,266 shares of the company worth $1.15 million. A total of 29.95% 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 $30.78. 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 $27.1988 and a two-hundred day moving average price translates $24.39715 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.
