Thurston Springer Miller Herd & Titak Inc. Sells 5,354 Shares of DoorDash, Inc. $DASH

Thurston Springer Miller Herd & Titak Inc. lessened its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 94.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 342 shares of the company’s stock after selling 5,354 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in DoorDash were worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Saudi Central Bank bought a new stake in shares of DoorDash in the 1st quarter worth about $25,000. WPG Advisers LLC purchased a new position in DoorDash in the first quarter worth about $26,000. Pacific Center for Financial Services bought a new stake in DoorDash during the first quarter worth approximately $27,000. GFG Capital LLC purchased a new stake in DoorDash during the second quarter valued at approximately $30,000. Finally, NewSquare Capital LLC raised its holdings in DoorDash by 610.3% during the 2nd quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $51,000 after buying an additional 177 shares during the period. Institutional investors own 90.64% of the company’s stock.

Insider Activity at DoorDash

In other news, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $268.20, for a total value of $8,046,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Prabir Adarkar sold 30,000 shares of the business’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $270.60, for a total value of $8,118,000.00. Following the completion of the transaction, the chief operating officer directly owned 914,547 shares of the company’s stock, valued at approximately $247,476,418.20. The trade was a 3.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 644,980 shares of company stock valued at $143,500,178 over the last quarter. 5.83% of the stock is owned by insiders.

DoorDash Stock Down 2.9%

NASDAQ:DASH opened at $221.30 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. DoorDash, Inc. has a 1-year low of $155.40 and a 1-year high of $285.50. The company has a 50-day moving average of $229.51 and a 200 day moving average of $240.27. The firm has a market cap of $95.38 billion, a PE ratio of 112.34 and a beta of 1.72.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same period last year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 27.3% on a year-over-year basis. As a group, research analysts anticipate that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DASH shares. Guggenheim reaffirmed a “buy” rating and set a $280.00 price target on shares of DoorDash in a research note on Wednesday, November 19th. Argus cut their target price on DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. Royal Bank Of Canada decreased their price target on DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Wall Street Zen downgraded DoorDash from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Truist Financial increased their target price on DoorDash from $326.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $275.46.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.