Nucor earnings beat by $0.08, revenue fell short of estimates
In a recent filing with the Securities and Exchange Commission, Toast , Inc. (NYSE:TOST), a $22.29 billion market cap company whose stock has surged 114% over the past year, disclosed that Chief Financial Officer Elena Gomez sold 2,052 shares of the company’s Class A common stock. The transaction, dated February 4, 2025, was valued at approximately $81,318, with an average price of $39.629 per share.
Following this transaction, Gomez holds 160,498 shares of Toast, Inc. The sale was conducted to cover tax withholding obligations associated with the vesting and settlement of restricted stock units (RSUs), as stated in the filing. This transaction was not a discretionary trade by Gomez.
In other recent news, Toast Inc. is set to release its fourth-quarter earnings report, with DA Davidson maintaining a neutral rating and a price target of $38.00. The firm expects Toast to meet or slightly surpass both its own and consensus forecasts. Meanwhile, Oppenheimer has initiated coverage on Toast with an Outperform rating and a price target of $46.00, predicting a compound annual growth rate of 25% in recurring gross profit over the next two years. BMO Capital Markets also began coverage on Toast, assigning an Outperform rating and setting a price target of $45.00, based on the belief that Toast will emerge as a long-term winner in its market.
These are recent developments that have followed an RBC analyst’s highlight of a positive shift in the sentiment of American small and medium-sized businesses, which is expected to catalyze technology investments in areas such as Payments, Processors, and IT Services. Companies like Toast are identified as potential beneficiaries of this trend.
Furthermore, Toast and Uber Technologies Inc . (NYSE:UBER) have announced an extension of their collaboration aimed at enhancing delivery options for U.S. restaurants. This expanded partnership integrates Toast Delivery Services with Uber Direct, allowing eateries to utilize Uber’s vast delivery network for orders placed via Toast’s various digital ordering channels.
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