DoorDash (NASDAQ:DASH) Director Stanley Tang Sells 23,125 Shares of Stock

DoorDash, Inc. (NASDAQ:DASHGet Free Report) Director Stanley Tang sold 23,125 shares of DoorDash stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $191.19, for a total transaction of $4,421,268.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Trading Up 3.9%

NASDAQ:DASH opened at $195.72 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $85.28 billion, a price-to-earnings ratio of 93.20 and a beta of 1.78. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The business has a fifty day moving average price of $166.60 and a 200-day moving average price of $179.77.

DoorDash (NASDAQ:DASHGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.DoorDash’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. Sell-side analysts forecast that DoorDash, Inc. will post 2.41 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Piper Sandler lowered their price objective on DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Moffett Nathanson set a $276.00 target price on shares of DoorDash in a research note on Wednesday, April 15th. TD Cowen assumed coverage on shares of DoorDash in a report on Monday, April 27th. They set a “buy” rating and a $225.00 price target on the stock. Weiss Ratings upgraded shares of DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, Wells Fargo & Company reduced their price objective on shares of DoorDash from $200.00 to $199.00 and set an “equal weight” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $256.08.

Read Our Latest Report on DoorDash

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in shares of DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after buying an additional 1,807 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in DoorDash by 21.5% during the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after acquiring an additional 303 shares in the last quarter. Empowered Funds LLC grew its stake in DoorDash by 3.6% during the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after acquiring an additional 285 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in DoorDash by 92.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock valued at $1,049,000 after acquiring an additional 2,049 shares during the last quarter. Finally, Baird Financial Group Inc. bought a new stake in DoorDash in the 2nd quarter valued at $222,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

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About DoorDash

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for DoorDash (NASDAQ:DASH)

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