DoorDash, Inc. (NASDAQ:DASH – Get Free Report) was the target of unusually large options trading activity on Wednesday. Traders acquired 35,788 call options on the stock. This is an increase of approximately 155% compared to the typical daily volume of 14,036 call options.
DoorDash Trading Up 0.1%
DoorDash stock traded up $0.16 during mid-day trading on Wednesday, hitting $170.19. The stock had a trading volume of 2,163,197 shares, compared to its average volume of 4,875,755. The stock has a 50-day simple moving average of $163.25 and a two-hundred day simple moving average of $183.77. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $74.16 billion, a PE ratio of 81.04 and a beta of 1.83. DoorDash has a 12 month low of $143.30 and a 12 month high of $285.50.
DoorDash (NASDAQ:DASH – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the business posted $0.44 EPS. The company’s quarterly revenue was up 33.1% compared to the same quarter last year. As a group, sell-side analysts forecast that DoorDash will post 2.45 EPS for the current year.
More DoorDash News
- Positive Sentiment: DoorDash said the outage affecting thousands of customers has been resolved, which should help limit the duration of any order disruption and reduce immediate investor concern. DoorDash says ‘issue’ affecting thousands of customers has been resolved
- Positive Sentiment: DoorDash also received some upbeat brand visibility from a new Brooklyn Beckham ad tied to the company’s World Cup marketing, which may support awareness and engagement. Brooklyn Beckham references family feud in DoorDash World Cup ad
- Neutral Sentiment: DoorDash-related coverage also highlighted restaurant discovery features and Father’s Day order trends, which are more informational than stock-moving. DoorDash wants to help diners find the right restaurant
- Neutral Sentiment: Another article discussed whether being a DoorDash driver is still profitable in 2026, but it does not appear to reflect a direct change in company fundamentals. Is being a DoorDash driver still profitable in the US in 2026? Real numbers and what it takes to succeed
- Negative Sentiment: Multiple reports of a major outage and app freeze likely weighed on sentiment because they suggest a temporary inability to process orders and could hurt user trust if problems recur. DoorDash faces outages: 36,000 users report issues in major cities
Insider Activity
In related news, insider Keith Yandell sold 2,643 shares of DoorDash stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total transaction of $410,563.62. Following the completion of the transaction, the insider directly owned 81,106 shares of the company’s stock, valued at $12,599,006.04. This trade represents a 3.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the completion of the transaction, the director owned 19,279 shares in the company, valued at approximately $2,891,850. This trade represents a 52.65% 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. Over the last 90 days, insiders have sold 68,558 shares of company stock worth $10,914,640. Company insiders own 5.83% of the company’s stock.
Hedge Funds Weigh In On DoorDash
Several large investors have recently bought and sold shares of the business. Empowered Funds LLC boosted its stake in DoorDash by 3.0% during the 1st quarter. Empowered Funds LLC now owns 48,765 shares of the company’s stock worth $7,322,000 after acquiring an additional 1,403 shares during the last quarter. Militia Capital Management LLC acquired a new position in DoorDash in the 1st quarter worth $348,000. Bank of America Corp DE grew its holdings in shares of DoorDash by 18.4% during the first quarter. Bank of America Corp DE now owns 3,449,266 shares of the company’s stock worth $517,907,000 after buying an additional 536,080 shares in the last quarter. Anson Funds Management LP bought a new position in shares of DoorDash during the 1st quarter worth approximately $1,314,000. Finally, Janus Henderson Group PLC increased its stake in DoorDash by 40.2% in the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company’s stock valued at $1,159,377,000 after buying an additional 2,225,954 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on DASH shares. Benchmark lifted their price objective on DoorDash from $280.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Truist Financial lowered their target price on DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. KeyCorp lifted their price target on DoorDash from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. TD Cowen assumed coverage on shares of DoorDash in a report on Monday, April 27th. They set a “buy” rating and a $225.00 price objective on the stock. Finally, Bank of America raised their price objective on shares of DoorDash from $260.00 to $272.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.11.
Check Out Our Latest Stock Analysis on DoorDash
DoorDash Company Profile
DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.
In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.
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