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Toast, Inc. (NYSE:TOST - Get Rating) has been given an average rating of "Moderate Buy" by the seventeen analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $30.10.

A number of research firms recently weighed in on TOST. Piper Sandler raised their target price on shares of Toast from $22.00 to $26.00 and gave the company an "overweight" rating in a report on Friday, August 12th. Morgan Stanley lifted their price objective on Toast from $27.00 to $29.00 and gave the company an "overweight" rating in a report on Friday, August 12th. Needham & Company LLC boosted their target price on shares of Toast from $21.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, August 12th. KeyCorp boosted their target price on shares of Toast from $18.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, August 12th. Finally, Mizuho boosted their price target on Toast from $18.00 to $22.00 and gave the stock a "neutral" rating in a research note on Monday, August 15th.Insider Buying and Selling at Toast

In other news, major shareholder Technology Investment Dining G sold 341,156 shares of the company's stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $14.72, for a total value of $5,021,816.32. Following the completion of the sale, the insider now owns 8,618,317 shares of the company's stock, valued at $126,861,626.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Elena Gomez sold 2,009 shares of the firm's stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $15.44, for a total value of $31,018.96. Following the sale, the chief financial officer now directly owns 72,959 shares in the company, valued at approximately $1,126,486.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Technology Investment Dining G sold 341,156 shares of the stock in a transaction on Monday, June 27th. The shares were sold at an average price of $14.72, for a total value of $5,021,816.32. Following the transaction, the insider now directly owns 8,618,317 shares of the company's stock, valued at $126,861,626.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,359,919 shares of company stock valued at $51,165,735. Company insiders own 20.16% of the company's stock. Institutional Trading of Toast

Several hedge funds and other institutional investors have recently modified their holdings of the company. Verition Fund Management LLC acquired a new stake in Toast during the second quarter worth about $474,000. Legal & General Group Plc bought a new position in Toast in the 2nd quarter worth approximately $373,000. ExodusPoint Capital Management LP raised its position in shares of Toast by 270.3% during the 2nd quarter. ExodusPoint Capital Management LP now owns 71,235 shares of the company's stock valued at $922,000 after acquiring an additional 51,996 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Toast during the 2nd quarter valued at $7,206,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Toast by 286.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 242,610 shares of the company's stock valued at $3,139,000 after acquiring an additional 179,865 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors. Toast Price Performance

Shares of Toast stock opened at $19.08 on Thursday. Toast has a 1 year low of $11.91 and a 1 year high of $69.93. The company has a 50-day moving average of $16.61 and a 200 day moving average of $17.20. The firm has a market cap of $9.77 billion and a price-to-earnings ratio of -12.00. About Toast (Get Rating)

Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.Featured ArticlesGet a free copy of the StockNews.com research report on Toast (TOST)3 High Margin Chipmakers Bound to Recover3 Solar Stocks That Will Benefit From the Biden Tariff Holiday REV Group Has A Deep Moat In The World Of EVs Is G-III Apparel Group, Ltd. A Value Trap? Bank Of America Sees Upside In These 2 European Alcohol Stocks

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