Toast Inc (NYSE:TOST) shares traded 6.73% higher at $42.50 on Wall Street last session.
TOST stock price is now 39.57% away from the 50-day moving average and 65.86% away from the 200-day moving average. The market capitalization of the company currently stands at $24.14B.
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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, Bessemer Venture Partners Cent, Director bought 379,849 shares of the company’s stock on Nov 19 ’24. The stock was bought for $15,125,587 at an average price of $39.82. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 19 ’24, Director Bessemer Venture Partners Cent bought 60,199 shares of the business’s stock. A total of $2,397,124 was incurred on buying the stock at an average price of $39.82. A total of 28.20% 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 $41.05. 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 $30.0742 and a two-hundred day moving average price translates $25.5023 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.
