In yesterday’s Wall Street session, Toast Inc (NYSE:TOST) shares traded at $37.95, up 1.25% from the previous session.
TOST stock price is now 33.37% away from the 50-day moving average and 52.03% away from the 200-day moving average. The market capitalization of the company currently stands at $24.47B.
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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, Vassil Jonathan, Officer bought 100,000 shares of the company’s stock on Nov 08 ’24. The stock was bought for $3,655,170 at an average price of $36.55. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 04 ’24, Chief Revenue Officer Vassil Jonathan sold 1,367 shares of the business’s stock. A total of $42,484 was realized by selling the stock at an average price of $31.08. This leaves the insider owning 39,834 shares of the company worth $1.51 million. A total of 29.11% 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 $38.40. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 2.32, and a quick ratio of 2.17. The fifty day moving average price for TOST is $28.1932 and a two-hundred day moving average price translates $24.86005 for the stock.
The latest earnings results from Toast Inc (NYSE: TOST) was released for 2024-09-30. The net profit margin was -1.05% and return on equity was -3.81% for TOST. The company reported revenue of $1.3 billion for the quarter, compared to $1.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.45 percent.
