DoorDash, Inc. $DASH Shares Bought by Sowell Financial Services LLC

Sowell Financial Services LLC raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 702.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,617 shares of the company’s stock after purchasing an additional 19,799 shares during the period. Sowell Financial Services LLC’s holdings in DoorDash were worth $4,151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DASH. Activest Wealth Management raised its stake in shares of DoorDash by 892.9% during the 3rd quarter. Activest Wealth Management now owns 139 shares of the company’s stock worth $26,000 after buying an additional 125 shares during the period. Washington Trust Advisors Inc. lifted its position in shares of DoorDash by 81.0% during the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after buying an additional 64 shares in the last quarter. City State Bank grew its stake in DoorDash by 56.0% in the 3rd quarter. City State Bank now owns 156 shares of the company’s stock valued at $29,000 after acquiring an additional 56 shares during the period. Clark Wealth Partners grew its stake in DoorDash by 833.3% in the 3rd quarter. Clark Wealth Partners now owns 196 shares of the company’s stock valued at $36,000 after acquiring an additional 175 shares during the period. Finally, CENTRAL TRUST Co grew its stake in DoorDash by 269.4% in the 1st quarter. CENTRAL TRUST Co now owns 266 shares of the company’s stock valued at $40,000 after acquiring an additional 194 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at DoorDash

In other news, Director Stanley Tang sold 23,125 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $186.19, for a total value of $4,305,643.75. Following the completion of the sale, the director directly owned 10,361 shares in the company, valued at $1,929,114.59. This represents a 69.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 1,017 shares of the stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $195.00, for a total transaction of $198,315.00. Following the completion of the sale, the chief financial officer owned 217,911 shares of the company’s stock, valued at $42,492,645. This trade represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 393,998 shares of company stock worth $85,861,330 over the last 90 days. Corporate insiders own 44.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Scotiabank initiated coverage on shares of DoorDash in a report on Wednesday, September 9th. They issued a “sector outperform” rating and a $275.00 price target for the company. BTIG Research reaffirmed a “buy” rating and set a $225.00 price objective on shares of DoorDash in a report on Wednesday. TD Cowen increased their price objective on shares of DoorDash from $225.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Barclays lowered shares of DoorDash from an “equal weight” rating to a “strong sell” rating in a research report on Monday, August 24th. Finally, Benchmark boosted their target price on shares of DoorDash from $270.00 to $295.00 in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and an average target price of $254.95.

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $184.45 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The business’s 50 day moving average price is $203.54 and its 200-day moving average price is $184.98. The firm has a market capitalization of $79.92 billion, a PE ratio of 96.57 and a beta of 1.90. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $269.00.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%. The firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, equities research analysts expect that DoorDash, Inc. will post 2.51 earnings per share for the current fiscal year.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: BTIG reaffirmed its “Buy” rating and set a $225 price target, implying substantial upside from the reference price. The call may support investor confidence despite DoorDash’s premium valuation and recent earnings-per-share shortfall. Source: Benzinga.
• Positive Sentiment: DoorDash highlighted leading pizzerias in Chicago, New York, New Jersey and other markets through its national Top Pizza Spots list. The promotion reinforces consumer engagement, restaurant relationships and DoorDash’s brand visibility. Chicago pizzerias named to DoorDash Top Pizza Spots list
• Neutral Sentiment: Articles described customers trying restaurants and menu items available through DoorDash. These stories provide consumer exposure but are unlikely to materially affect revenue or valuation. New York pizzerias on DoorDash list
• Negative Sentiment: Grubhub’s co-founder has returned to compete with DoorDash, while a separate emerging delivery rival is promoting a model designed to eliminate customer fees. Increased price competition could pressure DoorDash’s take rates, promotions and customer retention. Grubhub co-founder challenges DoorDash
• Negative Sentiment: Several reports involved violent attacks on people making DoorDash deliveries, including the death of a driver and the shooting of a teenage relative. Although the incidents were not presented as corporate misconduct, they could renew concerns about courier safety, insurance costs and reputational risk. Reports of violence during DoorDash deliveries
• Negative Sentiment: A separate report said two children were left at a customer’s home instead of a food delivery, adding to unfavorable coverage around delivery-process controls. The direct financial impact appears limited, but repeated incidents may affect trust. Children reportedly left at DoorDash customer’s home

About DoorDash

DoorDash, Inc (NASDAQ:DASH) operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.