Susquehanna Fundamental Investments LLC purchased a new stake in Toast, Inc. (NYSE:TOST – Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 203,756 shares of the company’s stock, valued at approximately $5,078,000.
Other hedge funds have also recently bought and sold shares of the company. Harbor Investment Advisory LLC bought a new position in Toast in the first quarter valued at approximately $37,000. Principal Securities Inc. bought a new position in shares of Toast during the 4th quarter worth approximately $30,000. Cape Investment Advisory Inc. bought a new position in shares of Toast during the 4th quarter worth approximately $31,000. Baystate Wealth Management LLC boosted its stake in shares of Toast by 58.2% during the 4th quarter. Baystate Wealth Management LLC now owns 2,435 shares of the company’s stock worth $44,000 after acquiring an additional 896 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Toast by 52.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,910 shares of the company’s stock worth $97,000 after acquiring an additional 1,345 shares during the period. 82.91% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, General Counsel Brian R. Elworthy sold 2,573 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $25.64, for a total value of $65,971.72. Following the completion of the sale, the general counsel now directly owns 170,531 shares of the company’s stock, valued at $4,372,414.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Toast news, President Stephen Fredette sold 3,810 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $25.64, for a total transaction of $97,688.40. Following the completion of the transaction, the president now directly owns 2,847,315 shares of the company’s stock, valued at $73,005,156.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Brian R. Elworthy sold 2,573 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $25.64, for a total value of $65,971.72. Following the transaction, the general counsel now directly owns 170,531 shares of the company’s stock, valued at $4,372,414.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,455 shares of company stock valued at $4,466,866. 13.32% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on TOST shares. The Goldman Sachs Group lifted their target price on Toast from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Wells Fargo & Company lifted their price target on Toast from $17.00 to $19.00 and gave the stock an “underweight” rating in a report on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Toast in a report on Thursday, May 30th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $26.00 price objective on shares of Toast in a report on Wednesday, May 29th. Finally, Canaccord Genuity Group boosted their price target on Toast from $22.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $26.05.
View Our Latest Report on TOST
Toast Stock Up 1.5 %
Shares of Toast stock traded up $0.37 on Monday, hitting $25.59. 1,476,701 shares of the company’s stock traded hands, compared to its average volume of 7,892,432. Toast, Inc. has a one year low of $13.77 and a one year high of $27.90. The company has a fifty day moving average of $24.90 and a two-hundred day moving average of $22.59.
Toast (NYSE:TOST – Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.15). Toast had a negative return on equity of 21.45% and a negative net margin of 6.02%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business earned ($0.16) EPS. The firm’s revenue for the quarter was up 31.3% on a year-over-year basis. Equities research analysts anticipate that Toast, Inc. will post -0.14 EPS for the current year.
About Toast
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.
Featured Stories
Want to see what other hedge funds are holding TOST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toast, Inc. (NYSE:TOST – Free Report).
Receive News & Ratings for Toast Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Toast and related companies with MarketBeat.com’s FREE daily email newsletter.