4,324 Shares in DoorDash, Inc. $DASH Acquired by Harbour Wealth Management Group Inc.

Harbour Wealth Management Group Inc. acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 4,324 shares of the company’s stock, valued at approximately $649,000.

Several other large investors also recently added to or reduced their stakes in the stock. Eastern Bank raised its holdings in shares of DoorDash by 714.3% during the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the period. MV Capital Management Inc. purchased a new stake in shares of DoorDash in the fourth quarter valued at about $26,000. Swiss RE Ltd. purchased a new stake in shares of DoorDash in the fourth quarter valued at about $28,000. ST Germain D J Co. Inc. acquired a new stake in DoorDash during the fourth quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in DoorDash during the fourth quarter worth about $32,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Trading Down 0.8%

NASDAQ DASH opened at $172.08 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market cap of $74.98 billion, a price-to-earnings ratio of 81.94 and a beta of 1.83. The firm has a 50 day simple moving average of $164.42 and a 200-day simple moving average of $182.84. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $4.04 billion for 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%. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. Equities research analysts anticipate that DoorDash, Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DASH. Moffett Nathanson set a $276.00 target price on shares of DoorDash in a research note on Wednesday, April 15th. Zacks Research raised shares of DoorDash from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Wells Fargo & Company raised their price target on shares of DoorDash from $198.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. BTIG Research reduced their price target on shares of DoorDash from $280.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Finally, Argus set a $190.00 price objective on DoorDash in a report on Thursday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $256.11.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash is drawing publicity from a World Cup-related marketing partnership featuring T-Pain, helping keep the brand in the conversation and adding visibility for the company’s advertising efforts. Article Title
• Positive Sentiment: The company also received attention for a Father’s Day themed food recommendation list and a high-profile DoorDash ad featuring Brooklyn Beckham, which suggests continued spending on marketing and brand awareness. Article Title
• Neutral Sentiment: Some of the coverage is largely social-media and entertainment chatter, including reactions to DoorDash repeatedly tagging T-Pain in World Cup posts. This is mostly a publicity story and may have limited direct financial impact. Article Title
• Negative Sentiment: DoorDash is also facing reputational pressure after multiple reports of scammers targeting drivers with fake support calls, with drivers reportedly losing money and bank information. That could raise concerns about platform security and trust. Article Title
• Negative Sentiment: Another negative headline involved a DoorDash delivery robot reportedly getting in the way of an active SWAT scene, which could prompt questions about operational oversight and safety around the company’s autonomous delivery efforts. Article Title

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Stanley Tang sold 21,433 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total value of $3,214,950.00. Following the completion of the transaction, the director owned 19,279 shares in the company, valued at $2,891,850. The trade was a 52.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Keith Yandell sold 2,643 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total value of $410,563.62. Following the sale, the insider directly owned 81,106 shares in the company, valued at $12,599,006.04. This represents a 3.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 58,558 shares of company stock worth $9,324,940. 5.83% of the stock is currently owned by corporate insiders.

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.