Sage Rhino Capital LLC Has $1.10 Million Holdings in DoorDash, Inc. $DASH

Sage Rhino Capital LLC boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 2.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,448 shares of the company’s stock after purchasing an additional 126 shares during the period. Sage Rhino Capital LLC’s holdings in DoorDash were worth $1,096,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Western Financial Corp CA boosted its position in shares of DoorDash by 1.8% during the second quarter. Western Financial Corp CA now owns 9,904 shares of the company’s stock worth $2,441,000 after buying an additional 171 shares during the period. LVW Advisors LLC lifted its stake in DoorDash by 4.5% in the 2nd quarter. LVW Advisors LLC now owns 1,563 shares of the company’s stock valued at $385,000 after acquiring an additional 68 shares in the last quarter. Signaturefd LLC lifted its stake in DoorDash by 12.3% in the 2nd quarter. Signaturefd LLC now owns 6,215 shares of the company’s stock valued at $1,532,000 after acquiring an additional 683 shares in the last quarter. Paragon Capital Management Ltd acquired a new position in DoorDash during the 2nd quarter worth approximately $1,082,000. Finally, Patton Fund Management Inc. bought a new position in shares of DoorDash during the 2nd quarter worth approximately $289,000. 90.64% of the stock is currently owned by institutional investors.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $262.47 on Friday. The business’s 50 day moving average price is $252.74 and its two-hundred day moving average price is $221.19. The company has a market cap of $112.13 billion, a PE ratio of 145.82 and a beta of 1.70. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash, Inc. has a twelve month low of $140.53 and a twelve month high of $278.15.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.23. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period last year, the firm posted ($0.38) earnings per share. The business’s revenue was up 24.9% on a year-over-year basis. On average, analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

DASH has been the topic of a number of research reports. Truist Financial boosted their price objective on shares of DoorDash from $272.00 to $326.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Oppenheimer raised their price objective on DoorDash from $280.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Roth Capital lifted their target price on DoorDash from $191.00 to $225.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $330.00 price target on shares of DoorDash in a research report on Wednesday, September 17th. Finally, Citigroup restated an “outperform” rating on shares of DoorDash in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.55.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $243.32, for a total transaction of $7,299,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $243.31, for a total transaction of $11,048,707.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 991,480 shares of company stock worth $243,387,669. 5.83% of the stock is currently owned by corporate insiders.

DoorDash Profile

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.