Natixis Advisors LLC Takes $1.47 Million Position in Toast, Inc. (NYSE:TOST)

Natixis Advisors LLC acquired a new stake in shares of Toast, Inc. (NYSE:TOST) during the second quarter, HoldingsChannel reports. The firm acquired 57,146 shares of the company’s stock, valued at approximately $1,473,000.

Several other institutional investors have also bought and sold shares of the stock. Lisanti Capital Growth LLC acquired a new stake in Toast in the second quarter worth approximately $1,085,000. nVerses Capital LLC lifted its holdings in shares of Toast by 1,315.0% in the second quarter. nVerses Capital LLC now owns 28,300 shares of the company’s stock valued at $729,000 after buying an additional 26,300 shares during the period. Mizuho Markets Americas LLC acquired a new stake in shares of Toast in the second quarter valued at $4,877,000. Banque Cantonale Vaudoise boosted its stake in Toast by 11.2% during the second quarter. Banque Cantonale Vaudoise now owns 8,451 shares of the company’s stock valued at $218,000 after buying an additional 851 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Toast by 133.8% during the second quarter. Commonwealth Equity Services LLC now owns 339,101 shares of the company’s stock worth $8,739,000 after acquiring an additional 194,044 shares during the period. Institutional investors and hedge funds own 82.91% of the company’s stock.

Insider Activity

In other Toast news, Director Christopher P. Comparato sold 100,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $24.35, for a total value of $2,435,000.00. Following the transaction, the director now directly owns 120,107 shares of the company’s stock, valued at approximately $2,924,605.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Christopher P. Comparato sold 80,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $24.23, for a total transaction of $1,938,400.00. Following the transaction, the director now owns 97,762 shares in the company, valued at approximately $2,368,773.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher P. Comparato sold 100,000 shares of the company’s stock in a transaction on 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 owns 120,107 shares of the company’s stock, valued at $2,924,605.45. The disclosure for this sale can be found here. Insiders have sold a total of 418,352 shares of company stock worth $10,526,982 in the last ninety days. Corporate insiders own 13.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Robert W. Baird downgraded shares of Toast from an “outperform” rating to a “neutral” rating and set a $28.00 price target for the company. in a report on Tuesday, May 21st. Bank of America cut their target price on shares of Toast from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $27.00 price target on shares of Toast in a research report on Wednesday, August 7th. Wedbush upgraded Toast to a “strong-buy” rating in a research report on Friday, September 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 target price on shares of Toast in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.22.

Toast Trading Up 0.3 %

Shares of NYSE TOST opened at $23.69 on Wednesday. The firm has a market capitalization of $10.73 billion, a PE ratio of -47.38 and a beta of 1.75. Toast, Inc. has a one year low of $13.77 and a one year high of $27.90. The business has a 50-day moving average price of $24.90 and a two-hundred day moving average price of $24.38.

Toast (NYSE:TOST) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. Toast had a negative net margin of 3.10% and a negative return on equity of 11.27%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted ($0.19) earnings per share. The firm’s revenue was up 27.0% on a year-over-year basis. Research analysts anticipate that Toast, Inc. will post -0.1 EPS for the current year.

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.