DoorDash (NASDAQ:DASH) Director Sells 582 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Shona Brown sold 582 shares of DoorDash stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $177.06, for a total value of $103,048.92. Following the transaction, the director directly owned 31,156 shares in the company, valued at approximately $5,516,481.36. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Stock Performance

Shares of DASH traded down $0.29 during mid-day trading on Tuesday, reaching $184.53. 4,154,281 shares of the company’s stock were exchanged, compared to its average volume of 4,980,869. The business’s fifty day simple moving average is $165.61 and its 200-day simple moving average is $181.23. The stock has a market capitalization of $80.40 billion, a PE ratio of 87.87 and a beta of 1.83. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. DoorDash’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. On average, equities research analysts expect that DoorDash, Inc. will post 2.41 earnings per share for the current year.

Institutional Trading of DoorDash

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of DoorDash by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock worth $9,835,229,000 after acquiring an additional 713,571 shares during the period. SC US Ttgp LTD. lifted its position in DoorDash by 1.6% in the fourth quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock valued at $7,176,387,000 after purchasing an additional 506,358 shares during the period. Morgan Stanley boosted its holdings in DoorDash by 2.3% in the 4th quarter. Morgan Stanley now owns 17,536,824 shares of the company’s stock valued at $3,971,741,000 after purchasing an additional 391,596 shares in the last quarter. State Street Corp boosted its holdings in DoorDash by 3.0% in the 4th quarter. State Street Corp now owns 15,761,072 shares of the company’s stock valued at $3,569,568,000 after purchasing an additional 464,448 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in DoorDash by 32.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock worth $3,161,234,000 after purchasing an additional 3,447,754 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $265.00 target price on shares of DoorDash in a research note on Thursday, May 7th. UBS Group boosted their price target on DoorDash from $206.00 to $214.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Rothschild & Co Redburn set a $350.00 price objective on DoorDash in a research note on Tuesday, May 12th. Weiss Ratings raised DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, The Goldman Sachs Group set a $280.00 price objective on DoorDash in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.11.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.