Versant Capital Management Inc Buys 259 Shares of DoorDash, Inc. (NASDAQ:DASH)

Versant Capital Management Inc boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 340.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 335 shares of the company’s stock after acquiring an additional 259 shares during the period. Versant Capital Management Inc’s holdings in DoorDash were worth $36,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DASH. Vanguard Group Inc. raised its holdings in shares of DoorDash by 8.4% during the 4th quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock worth $2,897,823,000 after buying an additional 2,259,976 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of DoorDash by 6.4% during the 4th quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock worth $1,263,381,000 after buying an additional 772,977 shares in the last quarter. Capital World Investors raised its holdings in shares of DoorDash by 0.8% during the 1st quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock worth $1,304,242,000 after buying an additional 74,504 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of DoorDash by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock worth $753,281,000 after buying an additional 242,956 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of DoorDash by 11,416.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after buying an additional 3,425,115 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DASH. Benchmark reissued a “buy” rating and set a $150.00 price target on shares of DoorDash in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their target price on DoorDash from $111.00 to $137.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Loop Capital assumed coverage on DoorDash in a report on Friday, April 19th. They issued a “buy” rating and a $170.00 target price for the company. Wells Fargo & Company upped their target price on DoorDash from $125.00 to $127.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC upped their price target on DoorDash from $137.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Eleven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average price target of $141.93.

Insider Activity at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $113.40, for a total transaction of $5,670,000.00. Following the completion of the transaction, the director now directly owns 39,275 shares of the company’s stock, valued at $4,453,785. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Ravi Inukonda sold 7,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $106.64, for a total value of $746,480.00. Following the completion of the transaction, the chief financial officer now directly owns 417,223 shares of the company’s stock, valued at $44,492,660.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Friday, June 7th. The shares were sold at an average price of $113.40, for a total value of $5,670,000.00. Following the sale, the director now directly owns 39,275 shares of the company’s stock, valued at approximately $4,453,785. The disclosure for this sale can be found here. Over the last three months, insiders sold 459,016 shares of company stock valued at $50,325,396. 7.92% of the stock is owned by insiders.

DoorDash Trading Up 2.1 %

Shares of DASH traded up $2.61 on Wednesday, reaching $125.25. 2,907,674 shares of the company’s stock traded hands, compared to its average volume of 4,118,394. The stock has a market cap of $51.22 billion, a PE ratio of -113.56, a PEG ratio of 40.25 and a beta of 1.67. The stock’s 50 day simple moving average is $109.73 and its two-hundred day simple moving average is $118.69. DoorDash, Inc. has a 52-week low of $69.90 and a 52-week high of $143.34.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 6.00%. The business’s revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.44) earnings per share. Analysts forecast that DoorDash, Inc. will post 0.07 earnings per share for the current year.

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.