DoorDash, Inc. (NASDAQ:DASH) Director Sells $315,312.90 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 1,855 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $315,312.90. Following the transaction, the director now directly owns 35,413 shares in the company, valued at approximately $6,019,501.74. The trade was a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

DoorDash Stock Up 2.4 %

Shares of NASDAQ DASH opened at $177.24 on Friday. The business has a fifty day simple moving average of $153.61 and a 200-day simple moving average of $128.87. DoorDash, Inc. has a 12 month low of $92.56 and a 12 month high of $178.16. The company has a market cap of $73.63 billion, a price-to-earnings ratio of -393.87, a P/E/G ratio of 13.31 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the previous year, the firm earned ($0.19) earnings per share. DoorDash’s quarterly revenue was up 25.0% on a year-over-year basis. As a group, sell-side analysts expect that DoorDash, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on DASH. Loop Capital upped their price objective on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. KeyCorp raised their price objective on DoorDash from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Barclays upped their target price on DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Morgan Stanley raised their price target on shares of DoorDash from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company upped their price target on shares of DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday, October 4th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $164.03.

Institutional Trading of DoorDash

Institutional investors have recently made changes to their positions in the stock. Rakuten Securities Inc. lifted its position in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of DoorDash in the 2nd quarter valued at $32,000. Meeder Asset Management Inc. boosted its stake in shares of DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after acquiring an additional 132 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of DoorDash by 340.8% in the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after acquiring an additional 259 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in shares of DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after buying an additional 204 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Company 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.