Meeder Asset Management Inc. Has $187,000 Stock Holdings in Toast, Inc. $TOST

Meeder Asset Management Inc. trimmed its position in Toast, Inc. (NYSE:TOST) by 85.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 5,117 shares of the company’s stock after selling 30,577 shares during the period. Meeder Asset Management Inc.’s holdings in Toast were worth $187,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RiverPark Advisors LLC bought a new position in Toast in the second quarter valued at about $30,000. Ameritas Advisory Services LLC acquired a new position in Toast during the 2nd quarter valued at about $31,000. REAP Financial Group LLC boosted its stake in shares of Toast by 173.3% in the 2nd quarter. REAP Financial Group LLC now owns 798 shares of the company’s stock valued at $35,000 after purchasing an additional 506 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Toast during the 3rd quarter worth approximately $30,000. Finally, Motco bought a new stake in shares of Toast during the second quarter worth approximately $44,000. Institutional investors own 82.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TOST. Royal Bank Of Canada set a $45.00 target price on shares of Toast in a report on Wednesday, November 5th. Robert W. Baird decreased their price objective on Toast from $48.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. UBS Group reissued a “buy” rating on shares of Toast in a research note on Thursday, December 18th. Oppenheimer reduced their target price on Toast from $49.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Wall Street Zen raised Toast from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.27.

Toast Stock Up 2.2%

NYSE:TOST opened at $36.23 on Tuesday. Toast, Inc. has a twelve month low of $28.12 and a twelve month high of $49.66. The company has a market cap of $18.66 billion, a P/E ratio of 84.26 and a beta of 1.93. The business has a 50 day moving average price of $35.50 and a two-hundred day moving average price of $39.56.

Toast (NYSE:TOST) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. Toast had a return on equity of 15.77% and a net margin of 4.68%.The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 EPS. As a group, analysts anticipate that Toast, Inc. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In other news, CRO Jonathan Vassil sold 66,390 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $35.86, for a total transaction of $2,380,745.40. Following the sale, the executive owned 84,589 shares in the company, valued at $3,033,361.54. This represents a 43.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Elena Gomez sold 6,672 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $34.38, for a total transaction of $229,383.36. Following the completion of the transaction, the chief financial officer directly owned 162,153 shares of the company’s stock, valued at $5,574,820.14. This represents a 3.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 102,595 shares of company stock valued at $3,634,737. Corporate insiders own 12.14% of the company’s stock.

Toast Company Profile

Toast, Inc (NYSE: TOST) is a technology company that builds a cloud-based platform for restaurants and other foodservice businesses. Headquartered in Boston, Massachusetts, Toast offers integrated point-of-sale (POS) systems and a suite of software and hardware designed to streamline front-of-house and back-of-house operations. The company went public in 2021 and has positioned itself as a vertically integrated provider for the restaurant industry.

Toast’s product portfolio includes touchscreen POS terminals and handheld order-and-pay devices, kitchen display systems, and peripherals tailored for high-volume foodservice environments.