Vise Technologies Inc. Invests $764,000 in DoorDash, Inc. $DASH

Vise Technologies Inc. bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,098 shares of the company’s stock, valued at approximately $764,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Saudi Central Bank purchased a new position in DoorDash during the 1st quarter valued at $25,000. WPG Advisers LLC bought a new stake in shares of DoorDash during the 1st quarter valued at about $26,000. Pacific Center for Financial Services purchased a new position in shares of DoorDash during the first quarter valued at about $27,000. GFG Capital LLC bought a new position in DoorDash in the second quarter worth about $30,000. Finally, Harbour Investments Inc. lifted its holdings in DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after buying an additional 70 shares during the period. Institutional investors own 90.64% of the company’s stock.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 30,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $243.32, for a total value of $7,299,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Prabir Adarkar sold 41,881 shares of DoorDash stock in a transaction on Monday, August 25th. The stock was sold at an average price of $245.82, for a total value of $10,295,187.42. Following the completion of the sale, the chief operating officer directly owned 914,547 shares of the company’s stock, valued at $224,813,943.54. The trade was a 4.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 791,110 shares of company stock valued at $196,549,692 over the last 90 days. 5.83% of the stock is owned by corporate insiders.

DoorDash Trading Down 0.7%

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

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.13). The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. On average, sell-side analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

Analyst Upgrades and Downgrades

DASH has been the subject of several research reports. Raymond James Financial reissued a “strong-buy” rating and issued a $325.00 target price (up previously from $275.00) on shares of DoorDash in a research report on Thursday, August 7th. Barclays lowered their price objective on DoorDash from $272.00 to $238.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Morgan Stanley boosted their price objective on shares of DoorDash from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Royal Bank Of Canada decreased their target price on shares of DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Finally, Bank of America dropped their price target on DoorDash from $325.00 to $305.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and an average price target of $279.00.

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.