Ellevest Inc. Has $773,000 Stock Position in Toast, Inc. (NYSE:TOST)

Ellevest Inc. decreased its stake in shares of Toast, Inc. (NYSE:TOST) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,199 shares of the company’s stock after selling 657 shares during the period. Ellevest Inc.’s holdings in Toast were worth $773,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TOST. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Toast by 0.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,632 shares of the company’s stock worth $1,408,000 after acquiring an additional 301 shares in the last quarter. Keel Point LLC increased its stake in Toast by 2.7% in the 4th quarter. Keel Point LLC now owns 12,269 shares of the company’s stock valued at $447,000 after buying an additional 326 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Toast by 11.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,435 shares of the company’s stock worth $125,000 after buying an additional 358 shares in the last quarter. Mirador Capital Partners LP boosted its stake in shares of Toast by 0.9% during the 4th quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock worth $1,529,000 after buying an additional 360 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Toast by 120.4% in 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. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TOST has been the subject of a number of analyst reports. Piper Sandler raised their price target on Toast from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Company upped their price target on shares of Toast from $39.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday. The Goldman Sachs Group lowered their price objective on shares of Toast from $43.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. UBS Group upped their price objective on Toast from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, Wolfe Research raised Toast from a “peer perform” rating to an “outperform” rating and set a $44.00 target price on the stock in a report on Wednesday, April 23rd. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.91.

Toast Price Performance

Shares of NYSE TOST opened at $40.85 on Friday. The stock has a market capitalization of $20.32 billion, a PE ratio of -4,080.92, a P/E/G ratio of 2.16 and a beta of 1.98. Toast, Inc. has a fifty-two week low of $21.32 and a fifty-two week high of $44.12. The business has a fifty day moving average price of $34.56 and a two-hundred day moving average price of $36.81.

Toast (NYSE:TOST) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. On average, equities analysts expect that Toast, Inc. will post 0.39 EPS for the current year.

Insider Activity

In other Toast news, President Stephen Fredette sold 70,340 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $33.87, for a total transaction of $2,382,415.80. Following the completion of the transaction, the president now owns 1,574,316 shares of the company’s stock, valued at approximately $53,322,082.92. The trade was a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deval L. Patrick sold 34,222 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $33.01, for a total transaction of $1,129,668.22. Following the completion of the sale, the director now owns 13,260 shares in the company, valued at approximately $437,712.60. The trade was a 72.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 335,991 shares of company stock worth $11,614,520. 13.32% of the stock is currently owned by corporate insiders.

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.