7,364 Shares in Toast, Inc. (NYSE:TOST) Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC bought a new position in shares of Toast, Inc. (NYSE:TOST) in the 4th quarter, HoldingsChannel.com reports. The fund bought 7,364 shares of the company’s stock, valued at approximately $268,000.

Several other large investors have also modified their holdings of the business. Toth Financial Advisory Corp acquired a new stake in shares of Toast during the 3rd quarter worth about $28,000. Raleigh Capital Management Inc. increased its position in shares of Toast by 93.4% during the third quarter. Raleigh Capital Management Inc. now owns 1,491 shares of the company’s stock valued at $42,000 after acquiring an additional 720 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Toast by 32.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,033 shares of the company’s stock valued at $58,000 after acquiring an additional 496 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Toast in the 3rd quarter worth approximately $59,000. Finally, Truvestments Capital LLC purchased a new position in shares of Toast during the 3rd quarter worth approximately $65,000. Institutional investors and hedge funds own 82.91% of the company’s stock.

Toast Stock Performance

Shares of NYSE TOST opened at $37.76 on Friday. The stock’s 50-day simple moving average is $38.91 and its 200-day simple moving average is $30.94. The firm has a market capitalization of $17.78 billion, a PE ratio of -290.46, a price-to-earnings-growth ratio of 1.83 and a beta of 1.97. Toast, Inc. has a fifty-two week low of $16.13 and a fifty-two week high of $44.12.

Analysts Set New Price Targets

A number of brokerages have issued reports on TOST. Compass Point started coverage on Toast in a research report on Wednesday, November 20th. They issued a “buy” rating and a $49.00 target price on the stock. Keefe, Bruyette & Woods increased their target price on Toast from $29.00 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. lifted their target price on Toast from $28.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Stephens increased their price target on shares of Toast from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Finally, Piper Sandler lifted their price objective on shares of Toast from $25.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.27.

Insiders Place Their Bets

In related news, Director Richard Kent Bennett sold 100,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $36.67, for a total value of $3,667,000.00. Following the completion of the sale, the director now directly owns 418,591 shares of the company’s stock, valued at $15,349,731.97. This represents a 19.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Yuan sold 189,785 shares of Toast stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $43.01, for a total value of $8,162,652.85. Following the transaction, the director now directly owns 198,829 shares in the company, valued at approximately $8,551,635.29. This trade represents a 48.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 562,600 shares of company stock valued at $21,823,932. 13.32% of the stock is owned by corporate insiders.

Toast Profile

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.