DoorDash (NASDAQ:DASH) Director Sells $103,048.92 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Shona Brown sold 582 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $177.06, for a total transaction of $103,048.92. Following the completion of the transaction, the director owned 31,156 shares of the company’s stock, valued at $5,516,481.36. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Trading Up 1.7%

Shares of DASH opened at $192.01 on Friday. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $165.79 and its 200-day moving average price is $180.47. The firm has a market capitalization of $83.66 billion, a price-to-earnings ratio of 91.43 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the firm earned $0.44 earnings per share. DoorDash’s revenue was up 33.1% on a year-over-year basis. Sell-side analysts anticipate that DoorDash, Inc. will post 2.41 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on DASH shares. Stifel Nicolaus decreased their price objective on DoorDash from $215.00 to $185.00 and set a “hold” rating for the company in a report on Monday, April 13th. Weiss Ratings raised shares of DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Susquehanna dropped their price target on DoorDash from $250.00 to $225.00 and set a “positive” rating on the stock in a research report on Friday, May 8th. BTIG Research reduced their price objective on DoorDash from $280.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, June 12th. Finally, Argus set a $190.00 price objective on DoorDash in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $256.11.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. MV Capital Management Inc. bought a new stake in DoorDash in the 4th quarter worth approximately $26,000. Eastern Bank increased its position in DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after acquiring an additional 67 shares during the period. Swiss RE Ltd. purchased a new position in DoorDash in the fourth quarter worth about $28,000. Finally, ST Germain D J Co. Inc. bought a new stake in shares of DoorDash during the 4th quarter valued at about $29,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

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.