EverSource Wealth Advisors LLC Buys 358 Shares of Toast, Inc. (NYSE:TOST)

EverSource Wealth Advisors LLC lifted its stake in shares of Toast, Inc. (NYSE:TOST) by 11.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,435 shares of the company’s stock after purchasing an additional 358 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Toast were worth $125,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TOST. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Toast by 0.8% in the fourth 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. Mirador Capital Partners LP raised its position in shares of Toast by 0.9% during the fourth quarter. Mirador Capital Partners LP now owns 41,938 shares of the company’s stock worth $1,529,000 after purchasing an additional 360 shares during the period. Blue Trust Inc. lifted 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 worth $25,000 after purchasing an additional 378 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Toast by 1.9% in the 3rd quarter. D.A. Davidson & CO. now owns 22,100 shares of the company’s stock worth $626,000 after purchasing an additional 409 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in Toast by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 12,614 shares of the company’s stock valued at $357,000 after purchasing an additional 448 shares during the period. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Toast Trading Up 0.9 %

Shares of NYSE TOST opened at $34.78 on Tuesday. The stock has a fifty day simple moving average of $38.05 and a two-hundred day simple moving average of $34.78. Toast, Inc. has a 1-year low of $21.32 and a 1-year high of $44.12. The firm has a market cap of $17.18 billion, a price-to-earnings ratio of -3,474.23, a price-to-earnings-growth ratio of 2.16 and a beta of 1.99.

Toast (NYSE:TOST) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Toast had a return on equity of 1.54% and a net margin of 0.40%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Analysts forecast that Toast, Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TOST. BMO Capital Markets raised their price objective on shares of Toast from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. UBS Group lifted their price target on Toast from $41.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Toast in a report on Thursday, February 20th. Royal Bank of Canada raised their target price on Toast from $40.00 to $45.00 and gave the company a “sector perform” rating in a report on Thursday, February 20th. Finally, DA Davidson reissued a “neutral” rating and issued a $38.00 price target (down from $44.00) on shares of Toast in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Toast has a consensus rating of “Hold” and a consensus target price of $40.48.

Insider Transactions at Toast

In other news, General Counsel Brian R. Elworthy sold 653 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total value of $25,878.39. Following the completion of the transaction, the general counsel now directly owns 209,206 shares of the company’s stock, valued at $8,290,833.78. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Jonathan Vassil sold 1,006 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $39,867.78. Following the sale, the executive now owns 48,488 shares in the company, valued at approximately $1,921,579.44. The trade was a 2.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 254,641 shares of company stock worth $8,937,776 over the last quarter. Corporate insiders own 13.32% of the company’s stock.

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.