Seeyond Purchases Shares of 3,117 Toast, Inc. (NYSE:TOST)

Posted by on Jun 10th, 2023

Seeyond purchased a new stake in shares of Toast, Inc. (NYSE:TOST – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 3,117 shares of the company’s stock, valued at approximately $56,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TOST. PNC Financial Services Group Inc. lifted its position in shares of 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 period. Neo Ivy Capital Management bought a new position in shares of Toast in the 3rd quarter worth about $45,000. American International Group Inc. bought a new position in shares of Toast in the 2nd quarter worth about $46,000. Sands Capital Ventures LLC bought a new position in shares of Toast in the 4th quarter worth about $81,000. Finally, Captrust Financial Advisors increased its stake in shares of Toast by 44.8% in the 1st quarter. Captrust Financial Advisors now owns 4,866 shares of the company’s stock worth $106,000 after acquiring an additional 1,505 shares in the last quarter. 50.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toast

In other Toast news, CEO Christopher P. Comparato sold 33,333 shares of Toast stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $16.70, for a total transaction of $556,661.10. Following the transaction, the chief executive officer now owns 109,895 shares of the company’s stock, valued at $1,835,246.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Christopher P. Comparato sold 33,333 shares of the business’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $16.70, for a total value of $556,661.10. Following the transaction, the chief executive officer now owns 109,895 shares of the company’s stock, valued at $1,835,246.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Christopher P. Comparato sold 2,436 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $17.16, for a total transaction of $41,801.76. Following the completion of the sale, the chief executive officer now owns 84,149 shares in the company, valued at approximately $1,443,996.84. The disclosure for this sale can be found here. Insiders have sold 2,394,854 shares of company stock valued at $49,951,460 over the last 90 days. 13.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TOST has been the subject of several research reports. Needham & Company LLC decreased their price target on shares of Toast from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 17th. Deutsche Bank Aktiengesellschaft began coverage on shares of Toast in a research note on Thursday, April 6th. They issued a “hold” rating and a $20.00 price target for the company. DA Davidson restated a “buy” rating on shares of Toast in a research note on Monday, April 3rd. KeyCorp reduced their price objective on shares of Toast from $26.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, April 5th. Finally, Piper Sandler raised their price objective on shares of Toast from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, February 17th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.75.

Toast Price Performance

TOST opened at $21.86 on Friday. The company’s 50 day moving average is $19.26 and its 200 day moving average is $19.23. Toast, Inc. has a 12-month low of $12.15 and a 12-month high of $26.03.

Toast (NYSE:TOST – Get Rating) last posted its quarterly earnings data on Tuesday, May 9th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The company had revenue of $819.00 million for the quarter, compared to the consensus estimate of $763.11 million. Toast had a negative net margin of 11.01% and a negative return on equity of 29.74%. The firm’s revenue was up 53.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.20) earnings per share. Equities analysts forecast that Toast, Inc. will post -0.53 earnings per share for the current year.

Toast Profile

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Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast POS, a software module that integrates payment processing with point of sale functionality; Toast Invoicing that allows restaurants to send invoices and collect payment; Toast Mobile Order & Pay, which allows guests to scan a QR code to browse the menu, order, and pay from mobile; Kitchen Display System software that connects the house with the kitchen staff; and Multi-Location Management, a tool to manage operations and configure menus across multiple locations and channels.

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Institutional Ownership by Quarter for Toast (NYSE:TOST)

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