Global Trust Asset Management LLC Invests $58,000 in Toast, Inc. (NYSE:TOST)

Global Trust Asset Management LLC bought a new stake in Toast, Inc. (NYSE:TOST) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,600 shares of the company’s stock, valued at approximately $58,000.

A number of other institutional investors have also added to or reduced their stakes in TOST. Toth Financial Advisory Corp acquired a new stake in Toast in the third quarter valued at $28,000. Raleigh Capital Management Inc. raised its holdings in shares of Toast by 93.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after purchasing an additional 720 shares during the period. Farther Finance Advisors LLC lifted its stake in Toast by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after purchasing an additional 496 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Toast during the third quarter worth about $59,000. Finally, Truvestments Capital LLC acquired a new position in Toast during the third quarter worth approximately $65,000. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TOST has been the subject of several research analyst reports. BMO Capital Markets assumed coverage on Toast in a research note on Monday, January 6th. They set an “outperform” rating and a $45.00 target price for the company. Stephens raised their price target on Toast from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Wedbush upped their price objective on shares of Toast from $35.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Wells Fargo & Company raised their target price on shares of Toast from $25.00 to $30.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Finally, Piper Sandler upped their price target on shares of Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Toast has an average rating of “Hold” and a consensus price target of $35.27.

Insider Buying and Selling

In other news, CRO Jonathan Vassil sold 1,367 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $31.08, for a total value of $42,486.36. Following the completion of the transaction, the executive now owns 39,834 shares of the company’s stock, valued at approximately $1,238,040.72. This represents a 3.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Aman Narang sold 1,646 shares of Toast stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $31.08, for a total transaction of $51,157.68. Following the sale, the chief executive officer now directly owns 969,970 shares in the company, valued at $30,146,667.60. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 562,600 shares of company stock worth $21,823,932 in the last ninety days. 13.32% of the stock is owned by insiders.

Toast Trading Up 0.2 %

Shares of Toast stock opened at $38.74 on Thursday. The company has a market cap of $18.25 billion, a PE ratio of -297.98, a price-to-earnings-growth ratio of 2.04 and a beta of 1.97. The company has a 50 day moving average of $38.87 and a 200-day moving average of $31.25. Toast, Inc. has a 1-year low of $16.13 and a 1-year high of $44.12.

Toast (NYSE:TOST) last released its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.06. Toast had a negative return on equity of 3.84% and a negative net margin of 1.05%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company earned ($0.09) earnings per share. Research analysts forecast that Toast, Inc. will post 0.03 earnings per share for the current year.

About Toast

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.