Jonathan Vassil Sells 4,780 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 4,780 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $27.77, for a total transaction of $132,740.60. Following the transaction, the executive now directly owns 38,266 shares in the company, valued at $1,062,646.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Jonathan Vassil also recently made the following trade(s):

• On Friday, August 2nd, Jonathan Vassil sold 1,541 shares of Toast stock. The stock was sold at an average price of $24.00, for a total value of $36,984.00.
• On Monday, July 15th, Jonathan Vassil sold 100,000 shares of Toast stock. The stock was sold at an average price of $25.55, for a total value of $2,555,000.00.

Toast Trading Up 1.6 %

TOST traded up $0.45 during trading on Thursday, reaching $27.88. 4,139,426 shares of the company’s stock were exchanged, compared to its average volume of 7,319,380. The firm has a fifty day moving average price of $25.27 and a two-hundred day moving average price of $24.77. The stock has a market capitalization of $12.85 billion, a PE ratio of -55.38 and a beta of 1.75. Toast, Inc. has a one year low of $13.77 and a one year high of $29.92.

Toast (NYSE:TOST) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Toast had a negative return on equity of 11.27% and a negative net margin of 3.10%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company posted ($0.19) EPS. The business’s revenue was up 27.0% on a year-over-year basis. Sell-side analysts expect that Toast, Inc. will post -0.1 earnings per share for the current year.

Institutional Trading of Toast

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. West Branch Capital LLC acquired a new position in shares of Toast in the 2nd quarter worth approximately $26,000. LRI Investments LLC bought a new position in Toast during the first quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Toast in the second quarter valued at $33,000. 1620 Investment Advisors Inc. acquired a new stake in Toast during the 2nd quarter worth about $34,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of Toast in the 1st quarter worth about $37,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Wall Street Analyst Weigh In

TOST has been the topic of several analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $29.00 target price on shares of Toast in a report on Thursday, September 12th. Mizuho upgraded shares of Toast from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $21.00 to $33.00 in a research note on Thursday, July 18th. Bank of America boosted their target price on shares of Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Needham & Company LLC reiterated a “buy” rating and set a $30.00 price target on shares of Toast in a research report on Wednesday, August 7th. Finally, Wedbush upgraded Toast to a “strong-buy” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

Toast Company Profile

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.