Numerai GP LLC Buys 3,660 Shares of DoorDash, Inc. $DASH

Numerai GP LLC increased its stake in DoorDash, Inc. (NASDAQ:DASH) by 73.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,650 shares of the company’s stock after purchasing an additional 3,660 shares during the period. Numerai GP LLC’s holdings in DoorDash were worth $2,353,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Physician Wealth Advisors Inc. increased its holdings in DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after buying an additional 71 shares during the period. Morse Asset Management Inc bought a new stake in shares of DoorDash during the 3rd quarter worth approximately $36,000. Sound Income Strategies LLC boosted its position in shares of DoorDash by 2,760.0% during the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after acquiring an additional 138 shares in the last quarter. Rossby Financial LCC boosted its position in shares of DoorDash by 127.8% during the 3rd quarter. Rossby Financial LCC now owns 164 shares of the company’s stock worth $44,000 after acquiring an additional 92 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its stake in DoorDash by 74.3% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 176 shares of the company’s stock valued at $48,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

Shares of DASH stock opened at $167.78 on Tuesday. The business’s 50-day moving average price is $189.51 and its 200-day moving average price is $221.99. DoorDash, Inc. has a 12 month low of $155.40 and a 12 month high of $285.50. The firm has a market capitalization of $72.89 billion, a price-to-earnings ratio of 79.14 and a beta of 1.82. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.10). The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The firm’s quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. Equities research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Insiders Place Their Bets

In other news, Director Shona L. Brown sold 1,250 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $176.61, for a total value of $220,762.50. Following the completion of the sale, the director owned 31,002 shares of the company’s stock, valued at approximately $5,475,263.22. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 1,017 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $215.14, for a total value of $218,797.38. Following the transaction, the chief financial officer owned 208,412 shares of the company’s stock, valued at $44,837,757.68. This trade represents a 0.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 205,409 shares of company stock valued at $45,332,298 over the last ninety days. 5.83% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DASH has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of DoorDash from $251.00 to $221.00 and set an “equal weight” rating for the company in a research report on Thursday, February 19th. Barclays reduced their target price on DoorDash from $238.00 to $220.00 and set an “equal weight” rating on the stock in a report on Thursday, February 19th. KeyCorp boosted their price target on DoorDash from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Bank of America upped their price objective on DoorDash from $260.00 to $272.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, Argus reduced their price objective on DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $262.82.

DoorDash Profile

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.