Jonathan Vassil Sells 1,541 Shares of Toast, Inc. (NYSE:TOST) Stock

Toast, Inc. (NYSE:TOST) CRO Jonathan Vassil sold 1,541 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $24.00, for a total value of $36,984.00. Following the completion of the sale, the executive now directly owns 33,312 shares in the company, valued at approximately $799,488. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• 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.
• On Tuesday, July 2nd, Jonathan Vassil sold 4,712 shares of Toast stock. The shares were sold at an average price of $25.64, for a total value of $120,815.68.
• On Thursday, May 23rd, Jonathan Vassil sold 50,000 shares of Toast stock. The stock was sold at an average price of $25.79, for a total value of $1,289,500.00.

Toast Price Performance

NYSE:TOST traded down $0.54 during mid-day trading on Monday, reaching $23.91. The stock had a trading volume of 9,581,568 shares, compared to its average volume of 7,834,295. The stock has a 50-day simple moving average of $24.82 and a two-hundred day simple moving average of $23.43. The stock has a market capitalization of $10.83 billion, a PE ratio of -47.84 and a beta of 1.76. Toast, Inc. has a 12 month low of $13.77 and a 12 month high of $27.90.

Toast (NYSE:TOST) last issued its earnings results on Tuesday, May 7th. The company reported ($0.15) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.15). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Toast had a negative net margin of 6.02% and a negative return on equity of 21.45%. The company’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.16) earnings per share. Equities analysts expect that Toast, Inc. will post -0.14 EPS for the current year.

Analyst Ratings Changes

TOST has been the subject of several analyst reports. Canaccord Genuity Group upped their target price on Toast from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $26.00 price objective on shares of Toast in a research note on Wednesday, May 29th. Piper Sandler increased their target price on Toast from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Wells Fargo & Company raised their target price on Toast from $17.00 to $19.00 and gave the company an “underweight” rating in a research report on Wednesday, May 8th. Finally, Robert W. Baird cut Toast from an “outperform” rating to a “neutral” rating and set a $28.00 target price on the stock. in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.65.

Hedge Funds Weigh In On Toast

A number of hedge funds have recently modified their holdings of TOST. West Branch Capital LLC acquired a new position in Toast in the second quarter valued at $26,000. LRI Investments LLC acquired a new position in Toast in the first quarter valued at $27,000. Principal Securities Inc. acquired a new position in Toast in the fourth quarter valued at $30,000. Cape Investment Advisory Inc. bought a new stake in Toast in the fourth quarter valued at $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toast in the second quarter valued at $33,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

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.