International Assets Investment Management LLC Purchases 53,846 Shares of Toast, Inc. (NYSE:TOST)

International Assets Investment Management LLC increased its position in shares of Toast, Inc. (NYSE:TOST - Free Report) by 1,542.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,336 shares of the company's stock after buying 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.

A number of other hedge funds have also recently added to or reduced their stakes in TOST. Baystate Wealth Management LLC purchased a new position in Toast during the 3rd quarter worth approximately $29,000. BluePath Capital Management LLC purchased a new position in shares of Toast in the 3rd quarter valued at approximately $30,000. SRS Capital Advisors Inc. purchased a new position in shares of Toast in the 3rd quarter valued at approximately $33,000. Larson Financial Group LLC grew its stake in shares of Toast by 8,181.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,822 shares of the company's stock valued at $34,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Spire Wealth Management grew its stake in shares of Toast by 481.6% in the 3rd quarter. Spire Wealth Management now owns 1,838 shares of the company's stock valued at $34,000 after purchasing an additional 1,522 shares during the last quarter. Hedge funds and other institutional investors own 82.91% of the company's stock.

Insider Transactions at Toast

In related news, CRO Jonathan Vassil sold 50,000 shares of the company'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 completion of the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. In related news, General Counsel Brian R. Elworthy sold 224,900 shares of the company's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $18.37, for a total value of $4,131,413.00. Following the completion of the transaction, the general counsel now directly owns 160,340 shares in the company, valued at $2,945,445.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Jonathan Vassil sold 50,000 shares of the company's stock in a transaction 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 completion of the transaction, the executive now owns 25,422 shares of the company's stock, valued at $582,163.80. The disclosure for this sale can be found here. Insiders sold a total of 414,486 shares of company stock valued at $8,662,487 over the last three months. 13.70% of the stock is currently owned by insiders.

Toast Trading Up 4.7 %

Shares of NYSE TOST traded up $1.04 during trading on Tuesday, reaching $23.19. The company had a trading volume of 6,914,545 shares, compared to its average volume of 8,187,594. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.00. The stock has a market capitalization of $10.13 billion, a PE ratio of -45.78 and a beta of 1.79. The stock has a 50-day moving average price of $23.12 and a two-hundred day moving average price of $19.09.

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

Analyst Ratings Changes

TOST has been the topic of several analyst reports. BNP Paribas upgraded Toast from a "neutral" rating to an "outperform" rating and set a $30.00 target price on the stock in a research note on Thursday, March 7th. Evercore ISI started coverage on Toast in a research note on Monday, March 4th. They issued an "outperform" rating and a $32.00 target price on the stock. The Goldman Sachs Group lifted their price target on Toast from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Monday, April 15th. Mizuho restated a "neutral" rating and issued a $17.00 price target on shares of Toast in a research note on Wednesday, March 27th. Finally, Keefe, Bruyette & Woods started coverage on Toast in a research note on Tuesday, April 9th. They issued a "market perform" rating and a $25.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Toast 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.