From MarketBeat:



Toast, Inc. (NYSE:TOST), a cloud-based digital technology platform for the restaurant industry, has been assigned an average rating of “Hold” by 20 analysts. One analyst issued a sell rating, 12 gave a hold rating, and seven issued a buy rating on the company. The average 12-month price target among analysts is $20.32. Insider activity at the company includes a significant amount of shares being sold by insiders.

Hedge funds have been actively investing in Toast, with various entities significantly increasing their stake in the company. The company’s stock on Wednesday opened at $18.44, with a market cap of $7.84 billion. Despite the “Hold” rating from analysts, top-rated analysts have identified five other stocks that they believe are better buys than Toast.

Toast, Inc. recently posted quarterly earnings, which showed an increase in revenue compared to the same period the previous year. The company also reported a negative net margin and a negative return on equity. Additionally, the company sold a significant amount of company stock, totaling $39,957.82. Overall, insider activity accounts for 13.70% of the company’s stock. Check out MarketBeat for more information on Toast and other potential stock investments.



Read more: Toast, Inc. (NYSE:TOST) Receives Consensus Recommendation of “Hold” from Analysts