Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

Research analysts at UBS Group initiated coverage on shares of Toast (NYSE:TOST - Get Rating) in a note issued to investors on Wednesday, The Fly reports. The brokerage set a "neutral" rating and a $22.00 price target on the stock. UBS Group's price target indicates a potential upside of 8.21% from the company's current price.

Several other research analysts have also recently weighed in on the company. Wells Fargo & Company cut their price objective on Toast from $27.00 to $23.00 and set an "overweight" rating on the stock in a research report on Thursday, September 8th. KeyCorp boosted their price objective on Toast from $18.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, August 12th. Morgan Stanley boosted their price objective on Toast from $27.00 to $29.00 and gave the company an "overweight" rating in a research note on Friday, August 12th. Mizuho upped their target price on Toast from $18.00 to $22.00 and gave the stock a "neutral" rating in a research note on Monday, August 15th. Finally, Piper Sandler upped their target price on Toast from $22.00 to $26.00 and gave the stock an "overweight" rating in a research note on Friday, August 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $29.59.Toast Stock Performance

Shares of TOST stock opened at $20.33 on Wednesday. The company has a market cap of $10.41 billion and a P/E ratio of -12.79. The stock has a 50 day simple moving average of $17.21 and a two-hundred day simple moving average of $17.22. Toast has a fifty-two week low of $11.91 and a fifty-two week high of $69.93. Insider Activity

In other news, CFO Elena Gomez sold 2,009 shares of the company's stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $15.44, for a total transaction of $31,018.96. Following the transaction, the chief financial officer now owns 72,959 shares of the company's stock, valued at $1,126,486.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Christopher P. Comparato sold 2,377 shares of the business's stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $15.44, for a total value of $36,700.88. Following the completion of the sale, the chief executive officer now owns 322,272 shares in the company, valued at $4,975,879.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elena Gomez sold 2,009 shares of the business's stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $15.44, for a total value of $31,018.96. Following the completion of the sale, the chief financial officer now owns 72,959 shares of the company's stock, valued at approximately $1,126,486.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,359,919 shares of company stock valued at $51,165,735. 20.16% of the stock is currently owned by insiders. Institutional Trading of Toast

Hedge funds have recently bought and sold shares of the stock. Brown Advisory Inc. acquired a new position in shares of Toast during the second quarter worth $561,000. Verition Fund Management LLC acquired a new position in shares of Toast in the 2nd quarter valued at $474,000. Legal & General Group Plc acquired a new position in shares of Toast in the 2nd quarter valued at $373,000. ExodusPoint Capital Management LP increased its position in shares of Toast by 270.3% in the 2nd quarter. ExodusPoint Capital Management LP now owns 71,235 shares of the company's stock valued at $922,000 after acquiring an additional 51,996 shares during the period. Finally, Walleye Capital LLC acquired a new stake in Toast during the 2nd quarter worth about $7,206,000. Hedge funds and other institutional investors own 45.65% of the company's stock. About Toast (Get Rating)

Toast, Inc operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader.See AlsoGet a free copy of the StockNews.com research report on Toast (TOST)Is Five Below Trying to Punch Too High? These 3 Reports Will Tell Us Much About the Current EconomyThis Is What To Expect From The S&P 500 NowThe Two Things You Need To Know About Oracle’s FQ1 ReportThree Value Stocks For A Volatile Market

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Toast, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Toast wasn't on the list.

While Toast currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

ETF portfolio manager, Dave Gilreath offers a perspective on “dividend achievers” and why these deserve a role in your portfolio

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.