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.
