Values First Advisors Inc. Sells 14,506 Shares of Toast, Inc. (NYSE:TOST)

Values First Advisors Inc. trimmed its stake in shares of Toast, Inc. (NYSE:TOST) by 44.5% during the fourth quarter, Holdings Channel reports. The firm owned 18,113 shares of the company’s stock after selling 14,506 shares during the period. Values First Advisors Inc.’s holdings in Toast were worth $331,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Baystate Wealth Management LLC acquired a new stake in Toast during the third quarter valued at approximately $29,000. BluePath Capital Management LLC acquired a new position in shares of Toast in the 3rd quarter worth approximately $30,000. UniSuper Management Pty Ltd acquired a new position in shares of Toast in the 2nd quarter worth approximately $38,000. PNC Financial Services Group Inc. raised its position in Toast by 277.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,710 shares of the company’s stock worth $31,000 after purchasing an additional 1,257 shares during the last quarter. Finally, SRS Capital Advisors Inc. bought a new position in Toast in the 3rd quarter worth approximately $33,000. 82.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Toast

In other Toast news, CRO Jonathan Vassil sold 100,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $25.24, for a total value of $2,524,000.00. Following the transaction, the executive now directly owns 22,956 shares of the company’s stock, valued at approximately $579,409.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Toast news, CEO Aman Narang sold 2,871 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $17.39, for a total value of $49,926.69. Following the transaction, the chief executive officer now directly owns 1,156,538 shares of the company’s stock, valued at approximately $20,112,195.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO Jonathan Vassil sold 100,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 22,956 shares in the company, valued at $579,409.44. The disclosure for this sale can be found here. Insiders have sold a total of 359,444 shares of company stock valued at $7,276,642 in the last three months. 13.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TOST. Piper Sandler boosted their price objective on shares of Toast from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. The Goldman Sachs Group upgraded shares of Toast from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $16.00 to $24.00 in a research report on Wednesday, January 10th. Mizuho reiterated a “neutral” rating and set a $17.00 target price on shares of Toast in a research report on Wednesday. BNP Paribas upgraded shares of Toast from a “neutral” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Thursday, March 7th. Finally, UBS Group upped their target price on shares of Toast from $22.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.20.

Toast Stock Performance

NYSE:TOST traded up $0.59 during mid-day trading on Thursday, hitting $24.92. The stock had a trading volume of 6,788,714 shares, compared to its average volume of 8,890,070. Toast, Inc. has a twelve month low of $13.77 and a twelve month high of $27.00. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of -48.86 and a beta of 1.78. The company’s 50 day simple moving average is $21.40 and its 200 day simple moving average is $18.62.

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

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.