Vident Advisory LLC Purchases New Position in Toast, Inc. (NYSE:TOST)

Vident Advisory LLC acquired a new position in shares of Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 13,430 shares of the company's stock, valued at approximately $490,000.

Several other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in Toast by 120.4% during the 4th quarter. Blue Trust Inc. now owns 692 shares of the company's stock valued at $25,000 after acquiring an additional 378 shares in the last quarter. Piscataqua Savings Bank bought a new stake in Toast during the 4th quarter valued at $26,000. Stonebridge Financial Group LLC bought a new stake in Toast during the 4th quarter valued at $34,000. SBI Securities Co. Ltd. bought a new stake in Toast during the 4th quarter valued at $35,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in Toast during the 4th quarter valued at $40,000. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. BNP Paribas set a $37.00 target price on Toast and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Needham & Company LLC reissued a "buy" rating and issued a $50.00 price objective on shares of Toast in a research report on Thursday, February 20th. Wells Fargo & Company raised their price objective on Toast from $39.00 to $46.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. raised their price objective on Toast from $36.00 to $42.00 and gave the stock a "neutral" rating in a research report on Thursday, February 20th. Finally, Evercore ISI assumed coverage on Toast in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $29.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $40.91.

Insider Buying and Selling

In other Toast news, Director Paul D. Bell sold 11,000 shares of Toast stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $45.13, for a total transaction of $496,430.00. Following the completion of the transaction, the director now owns 229,680 shares in the company, valued at approximately $10,365,458.40. This trade represents a 4.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Deval L. Patrick sold 34,222 shares of Toast stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $33.01, for a total value of $1,129,668.22. Following the transaction, the director now owns 13,260 shares of the company's stock, valued at $437,712.60. The trade was a 72.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 416,991 shares of company stock worth $15,242,750 in the last 90 days. Insiders own 13.32% of the company's stock.

Toast Stock Performance

TOST stock traded down $0.04 during midday trading on Friday, reaching $42.20. The stock had a trading volume of 10,881,784 shares, compared to its average volume of 6,774,186. The stock has a market cap of $21.02 billion, a PE ratio of -4,215.78, a P/E/G ratio of 2.16 and a beta of 1.98. The firm has a fifty day simple moving average of $37.15 and a two-hundred day simple moving average of $37.96. Toast, Inc. has a 52-week low of $21.32 and a 52-week high of $45.56.

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.