In the latest trading session, 0.56 million Toast Inc (NYSE:TOST) shares changed hands as the company’s beta touched 1.99. With the company’s most recent per share price at $33.96 changed hands at -$0.87 or -2.51% at last look, the market valuation stands at $19.52B. TOST’s current price is a discount, trading about -29.92% off its 52-week high of $44.12. The share price had its 52-week low at $21.32, which suggests the last value was 37.22% up since then. When we look at Toast Inc’s average trading volume, we note the 10-day average is 7.61 million shares, with the 3-month average coming to 6.35 million.
Analysts gave the Toast Inc (TOST) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.27. If we narrow down to specifics, the data shows that 0 out of 14 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended TOST as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Toast Inc’s EPS for the current quarter is expected to be 0.18.
Toast Inc (NYSE:TOST) trade information
Instantly TOST was in red as seen in intraday trades today. With action 1.51%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -6.84%, with the 5-day performance at 1.51% in the green. However, in the 30-day time frame, Toast Inc (NYSE:TOST) is -16.14% down. Looking at the short shares, we see there were 26.94 million shares sold at short interest cover period of 3.58 days.
The consensus price target for the stock as assigned by Wall Street analysts is 38, meaning bulls need an upside of 10.63% from its recent market value. According to analyst projections, TOST’s forecast low is 33 with 45 as the target high. To hit the forecast high, the stock’s price needs a -32.51% plunge from its current level, while the stock would need to tank 2.83% for it to hit the projected low.
Toast Inc (TOST) estimates and forecasts
Year-over-year growth is forecast to reach 22.52% up from the last financial year. Consensus estimates given by 22 financial analysts project the company’s revenue in the current quarter to hit an average of 1.35B. 22 analysts are of the opinion that Toast Inc’s revenue for the current quarter will be 1.53B. The company’s revenue for the corresponding quarters a year ago was 1.07B and 1.24B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 25.27%. The estimates for the next quarter sales put growth at 23.55%.
Toast Inc (NYSE:TOST)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.23% of Toast Inc shares while 85.63% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 94.34%. There are 85.63% institutions holding the Toast Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 6.8974% of the shares, roughly 37.73 million TOST shares worth $972.26 million.
CAPITAL INTERNATIONAL INVESTORS holds the second largest percentage of outstanding shares, with 6.871% or 38.2 million shares worth $984.47 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Growth Fund of America Inc and Vanguard Total Stock Market Index Fund. With 22.9 shares estimated at $774.59 million under it, the former controlled 4.64% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.84% of the shares, roughly 14.03 shares worth around $474.41 million.
