DoorDash (NASDAQ:DASH) Director Sells 1,250 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Shona Brown sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $222.33, for a total value of $277,912.50. Following the transaction, the director directly owned 33,502 shares in the company, valued at approximately $7,448,499.66. This represents a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

DoorDash Trading Up 1.2%

Shares of NASDAQ DASH traded up $2.53 during midday trading on Tuesday, hitting $217.40. The company’s stock had a trading volume of 2,638,224 shares, compared to its average volume of 4,025,501. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29. The firm has a market cap of $93.70 billion, a P/E ratio of 110.36 and a beta of 1.70. The business’s 50 day moving average is $217.16 and its two-hundred day moving average is $241.22.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the company earned $0.38 EPS. The business’s revenue was up 27.3% compared to the same quarter last year. As a group, equities research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Physician Wealth Advisors Inc. grew its stake in DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. GFG Capital LLC purchased a new stake in shares of DoorDash during the second quarter valued at about $30,000. Sunbelt Securities Inc. boosted its holdings in shares of DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after buying an additional 67 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of DoorDash in the 3rd quarter worth approximately $36,000. Finally, Sound Income Strategies LLC raised its stake 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. 90.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

DASH has been the subject of a number of research analyst reports. Barclays decreased their price objective on shares of DoorDash from $272.00 to $238.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. Wolfe Research set a $270.00 price target on DoorDash in a report on Monday, January 5th. Guggenheim restated a “buy” rating and set a $280.00 price objective on shares of DoorDash in a report on Wednesday, November 19th. Citigroup reaffirmed a “market outperform” rating on shares of DoorDash in a research report on Monday, November 24th. Finally, DA Davidson reissued a “neutral” rating and set a $260.00 price target on shares of DoorDash in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $277.94.

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.