Do Analysts Recommend TOST at $19.55?

This morning we watched Toast rise 4.4% to a price of $19.55 per share. The mid-cap Data Processing Services company is now trading -16.36% below its average target price of $23.38. Analysts have set target prices ranging from $18.0 to $30.0 per share for Toast, and have given the stock an average rating of buy.

The stock has an average amount of shares sold short at 5.8%, and a short ratio of 4.79. The company's insiders own 4.75% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 83.6% of Toast's shares being owned by this investor type.

Institutions Invested in Toast

Date Reported Holder Percentage Shares Value
2023-03-31 Vanguard Group, Inc. (The) 8% 29,867,746 $584,063,782
2023-03-31 FMR, LLC 8% 28,883,270 $564,812,353
2023-03-31 Capital International Investors 5% 16,649,728 $325,585,436
2023-03-31 HMI Capital Management, LP 4% 15,739,821 $307,792,204
2023-03-31 Generation Investment Management LLP 4% 15,505,402 $303,208,140
2023-03-31 Price (T.Rowe) Associates Inc 4% 14,875,697 $290,894,259
2023-03-31 Blackrock Inc. 4% 14,639,339 $286,272,278
2023-03-31 Durable Capital Partners Lp 3% 11,841,610 $231,562,687
2023-03-31 Abdiel Capital Advisors, LP 3% 11,003,462 $215,172,702
2023-03-31 Greenoaks Capital Partners LLC 3% 9,688,367 $189,456,019

Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Toast.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.