International Assets Investment Management LLC Has $1.05 Million Stake in Toast, Inc. (NYSE:TOST)

International Assets Investment Management LLC lifted its holdings in shares of Toast, Inc. (NYSE:TOSTFree Report) by 1,542.9% during the fourth quarter, HoldingsChannel reports. The firm owned 57,336 shares of the company’s stock after acquiring an additional 53,846 shares during the quarter. International Assets Investment Management LLC’s holdings in Toast were worth $1,047,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Raymond James & Associates increased its holdings in Toast by 147.9% during the 3rd quarter. Raymond James & Associates now owns 173,263 shares of the company’s stock worth $3,245,000 after purchasing an additional 103,381 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Toast by 26.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 21,655 shares of the company’s stock worth $406,000 after buying an additional 4,571 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of Toast by 3.5% during the third quarter. Teacher Retirement System of Texas now owns 23,938 shares of the company’s stock worth $448,000 after buying an additional 802 shares in the last quarter. Wealthfront Advisers LLC raised its position in Toast by 537.7% in the 3rd quarter. Wealthfront Advisers LLC now owns 83,404 shares of the company’s stock valued at $1,562,000 after buying an additional 70,325 shares during the last quarter. Finally, Wisconsin Capital Management LLC lifted its stake in Toast by 26.7% in the 3rd quarter. Wisconsin Capital Management LLC now owns 116,702 shares of the company’s stock valued at $2,186,000 after acquiring an additional 24,566 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.

Insider Activity at Toast

In other Toast news, CRO Jonathan Vassil sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $25.24, for a total transaction of $2,524,000.00. Following the completion of the sale, the executive now directly owns 22,956 shares in the company, valued at $579,409.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Toast news, CRO Jonathan Vassil sold 100,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $25.24, for a total transaction of $2,524,000.00. Following the transaction, the executive now owns 22,956 shares in the company, valued at approximately $579,409.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elena Gomez sold 12,500 shares of Toast stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $26.39, for a total value of $329,875.00. Following the sale, the chief financial officer now directly owns 176,980 shares of the company’s stock, valued at approximately $4,670,502.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 193,010 shares of company stock worth $4,711,760. Insiders own 13.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TOST shares. Mizuho raised their price target on shares of Toast from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Canaccord Genuity Group raised their target price on shares of Toast from $22.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Piper Sandler boosted their price target on shares of Toast from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. UBS Group increased their price objective on shares of Toast from $22.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Finally, Royal Bank of Canada lifted their target price on Toast from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.80.

View Our Latest Analysis on Toast

Toast Trading Up 2.1 %

TOST opened at $27.74 on Thursday. The stock’s fifty day simple moving average is $24.04 and its 200 day simple moving average is $19.94. Toast, Inc. has a 1-year low of $13.77 and a 1-year high of $27.87. The stock has a market cap of $12.57 billion, a PE ratio of -55.48 and a beta of 1.77.

Toast (NYSE:TOSTGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, meeting the consensus estimate of ($0.15). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the company earned ($0.16) earnings per share. Equities analysts forecast that Toast, Inc. will post -0.16 earnings per share for the current year.

Toast Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Toast (NYSE:TOST)

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