31,330 Shares in DoorDash, Inc. $DASH Purchased by Fiera Capital Corp

Fiera Capital Corp bought a new position in DoorDash, Inc. (NASDAQ:DASH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,330 shares of the company’s stock, valued at approximately $7,723,000.

Several other institutional investors also recently made changes to their positions in DASH. Saudi Central Bank acquired a new stake in DoorDash in the first quarter worth $25,000. WPG Advisers LLC bought a new stake in DoorDash during the first quarter worth approximately $26,000. Pacific Center for Financial Services acquired a new stake in shares of DoorDash in the first quarter valued at $27,000. GFG Capital LLC acquired a new stake in DoorDash in the 2nd quarter valued at about $30,000. Finally, Harbour Investments Inc. boosted its position in shares of DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock valued at $36,000 after purchasing an additional 70 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Down 0.7%

Shares of NASDAQ:DASH opened at $195.21 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The company has a market capitalization of $83.39 billion, a PE ratio of 99.09 and a beta of 1.70. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The company’s fifty day moving average is $254.94 and its 200-day moving average is $237.68.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the firm posted $0.38 EPS. The business’s revenue was up 27.3% on a year-over-year basis. Equities research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

DASH has been the topic of several recent analyst reports. Evercore ISI reissued an “outperform” rating and set a $360.00 target price (up from $240.00) on shares of DoorDash in a research note on Friday, August 8th. Royal Bank Of Canada cut their price objective on shares of DoorDash from $300.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Sanford C. Bernstein boosted their price target on DoorDash from $210.00 to $265.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Mizuho decreased their price objective on shares of DoorDash from $350.00 to $320.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, JMP Securities increased their target price on DoorDash from $250.00 to $335.00 and gave the company a “market outperform” rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $279.74.

Insider Buying and Selling at DoorDash

In related news, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $277.47, for a total value of $346,837.50. Following the completion of the sale, the director owned 37,252 shares of the company’s stock, valued at $10,336,312.44. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $244.39, for a total value of $7,331,700.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 791,110 shares of company stock valued at $196,549,692 over the last three months. Insiders own 5.83% of the company’s stock.

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.