Counterpoint Mutual Funds LLC Purchases New Holdings in Toast, Inc. (NYSE:TOST)

Counterpoint Mutual Funds LLC acquired a new position in Toast, Inc. (NYSE:TOST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,122 shares of the company’s stock, valued at approximately $661,000.

A number of other institutional investors have also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. increased its stake in shares of Toast by 6.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 19,967 shares of the company’s stock worth $728,000 after purchasing an additional 1,236 shares during the last quarter. Globeflex Capital L P boosted its position in Toast by 11.6% during the fourth quarter. Globeflex Capital L P now owns 129,970 shares of the company’s stock worth $4,737,000 after purchasing an additional 13,500 shares during the period. Natixis Advisors LLC grew its stake in Toast by 10.2% in the 4th quarter. Natixis Advisors LLC now owns 90,614 shares of the company’s stock valued at $3,303,000 after buying an additional 8,355 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new position in shares of Toast in the fourth quarter valued at $313,000. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of Toast by 7.1% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 78,342 shares of the company’s stock valued at $2,889,000 after buying an additional 5,184 shares during the period. Institutional investors own 82.91% of the company’s stock.

Toast Stock Up 5.5 %

TOST stock opened at $34.41 on Monday. The stock has a market cap of $17.00 billion, a P/E ratio of -3,437.06, a PEG ratio of 2.16 and a beta of 1.99. Toast, Inc. has a twelve month low of $21.32 and a twelve month high of $44.12. The business’s 50-day moving average price is $38.05 and its 200-day moving average price is $34.78.

Toast (NYSE:TOST) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Toast had a net margin of 0.40% and a return on equity of 1.54%. On average, equities research analysts expect that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In related news, CRO Jonathan Vassil sold 1,006 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $39,867.78. Following the completion of the sale, the executive now directly owns 48,488 shares in the company, valued at $1,921,579.44. This represents a 2.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Brian R. Elworthy sold 653 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $39.63, for a total transaction of $25,878.39. Following the transaction, the general counsel now owns 209,206 shares of the company’s stock, valued at approximately $8,290,833.78. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 254,641 shares of company stock valued at $8,937,776. 13.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TOST has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Toast in a research report on Thursday, February 20th. Robert W. Baird raised their price objective on shares of Toast from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Oppenheimer began coverage on Toast in a report on Friday, January 24th. They set an “outperform” rating and a $46.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on Toast from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Finally, Wells Fargo & Company increased their price target on shares of Toast from $25.00 to $30.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $40.48.

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.