Toast, Inc. (NYSE:TOST) Position Raised by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of Toast, Inc. (NYSE:TOST - Free Report) by 195.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,580 shares of the company's stock after acquiring an additional 40,068 shares during the period. Cerity Partners LLC's holdings in Toast were worth $1,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Baystate Wealth Management LLC acquired a new stake in Toast in the 3rd quarter valued at $29,000. BluePath Capital Management LLC acquired a new stake in Toast in the 3rd quarter worth about $30,000. SRS Capital Advisors Inc. purchased a new stake in Toast during the 3rd quarter worth approximately $33,000. Larson Financial Group LLC raised its holdings in shares of Toast by 8,181.8% during the third quarter. Larson Financial Group LLC now owns 1,822 shares of the company's stock valued at $34,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Spire Wealth Management boosted its stake in shares of Toast by 481.6% in the third quarter. Spire Wealth Management now owns 1,838 shares of the company's stock worth $34,000 after acquiring an additional 1,522 shares during the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.

Toast Price Performance

Shares of TOST stock traded up $0.52 on Monday, hitting $22.14. The stock had a trading volume of 7,705,648 shares, compared to its average volume of 8,206,658. The company's 50 day moving average price is $23.07 and its 200-day moving average price is $19.05. Toast, Inc. has a 1 year low of $13.77 and a 1 year high of $27.00. The firm has a market capitalization of $9.68 billion, a P/E ratio of -43.41 and a beta of 1.79.

Toast (NYSE:TOST - Get Free Report) last released its earnings results on Thursday, February 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.04. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Toast had a negative return on equity of 21.77% and a negative net margin of 6.36%. Toast's revenue was up 34.7% compared to the same quarter last year. During the same period last year, the business posted ($0.19) earnings per share. On average, equities analysts forecast that Toast, Inc. will post -0.22 EPS for the current year.

Insider Buying and Selling

In other Toast news, CRO Jonathan Vassil sold 50,000 shares of the firm's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $22.90, for a total value of $1,145,000.00. Following the sale, the executive now directly owns 25,422 shares in the company, valued at $582,163.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Toast news, CRO Jonathan Vassil sold 50,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $22.90, for a total value of $1,145,000.00. Following the transaction, the executive now directly owns 25,422 shares in the company, valued at $582,163.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Brian R. Elworthy sold 224,900 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $18.37, for a total transaction of $4,131,413.00. Following the sale, the general counsel now directly owns 160,340 shares in the company, valued at approximately $2,945,445.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 414,486 shares of company stock worth $8,662,487. Company insiders own 13.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Toast from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Monday, April 15th. UBS Group boosted their target price on Toast from $22.00 to $31.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. Mizuho restated a "neutral" rating and issued a $17.00 price target on shares of Toast in a research report on Wednesday, March 27th. Evercore ISI initiated coverage on Toast in a research report on Monday, March 4th. They set an "outperform" rating and a $32.00 price objective on the stock. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $23.00 target price on shares of Toast in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Toast presently has an average rating of "Hold" and a consensus target price of $24.32.

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.