Toast (NYSE:TOST) Price Target Raised to $44.00 at DA Davidson

Toast (NYSE:TOST) had its price target raised by DA Davidson from $35.00 to $44.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently commented on TOST. Deutsche Bank Aktiengesellschaft upped their price target on shares of Toast from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Royal Bank of Canada raised their target price on shares of Toast from $27.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Bank of America boosted their price target on Toast from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Robert W. Baird raised their price objective on Toast from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $30.00 target price on shares of Toast in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $32.75.

Toast Price Performance

NYSE:TOST opened at $40.36 on Tuesday. The stock has a 50 day simple moving average of $29.08 and a 200 day simple moving average of $26.32. Toast has a 1-year low of $13.77 and a 1-year high of $40.65.

Insider Activity at Toast

In other Toast news, Director Christopher P. Comparato sold 100,000 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $24.35, for a total transaction of $2,435,000.00. Following the completion of the sale, the director now directly owns 120,107 shares in the company, valued at approximately $2,924,605.45. This trade represents a 45.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Stephen Fredette sold 211,686 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $23.57, for a total value of $4,989,439.02. Following the sale, the president now owns 2,638,023 shares in the company, valued at approximately $62,178,202.11. The trade was a 7.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,575,651 shares of company stock worth $45,472,212 over the last ninety days. Insiders own 13.32% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its stake in Toast by 52.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,910 shares of the company’s stock valued at $97,000 after purchasing an additional 1,345 shares in the last quarter. Empowered Funds LLC boosted its holdings in Toast by 16.0% in the first quarter. Empowered Funds LLC now owns 75,100 shares of the company’s stock worth $1,871,000 after acquiring an additional 10,363 shares in the last quarter. Forsta AP Fonden acquired a new stake in Toast in the first quarter valued at approximately $1,809,000. Sei Investments Co. increased its holdings in shares of Toast by 3.7% during the first quarter. Sei Investments Co. now owns 642,672 shares of the company’s stock valued at $16,015,000 after acquiring an additional 22,991 shares in the last quarter. Finally, Avantax Advisory Services Inc. acquired a new position in shares of Toast during the first quarter worth approximately $355,000. Institutional investors and hedge funds own 82.91% 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.