DoorDash, Inc. (NASDAQ:DASH – Get Free Report) Director Andy Fang sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $180.00, for a total value of $900,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
DoorDash Stock Performance
Shares of DASH stock opened at $183.42 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The stock has a 50 day moving average price of $165.50 and a two-hundred day moving average price of $181.54. The company has a market capitalization of $79.92 billion, a P/E ratio of 87.34 and a beta of 1.83.
DoorDash (NASDAQ:DASH – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.15 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. Analysts expect that DoorDash, Inc. will post 2.41 earnings per share for the current year.
Trending Headlines about DoorDash
- Positive Sentiment: DoorDash and Urban Outfitters expanded their partnership with a graduation-themed campaign, reinforcing DoorDash’s growing role in consumer promotions and brand partnerships. Urban Outfitters and DoorDash Celebrate the Class of 2030
- Positive Sentiment: Precisely launched a new commercial property imagery offering powered by DoorDash Tasks, indicating DoorDash’s delivery network is finding additional enterprise use cases beyond food delivery. Precisely Launches Ground Level Images Enabled by DoorDash Tasks
- Neutral Sentiment: Director Andy Fang sold 5,000 shares worth about $900,000, but the transaction was executed under a pre-arranged Rule 10b5-1 plan, which typically reduces concern about the timing of insider selling.
- Negative Sentiment: Several news stories highlighted safety, delivery, and scam-related incidents involving DoorDash orders or drivers, which may add a small amount of reputational pressure even if they are isolated events. The DoorDash Order Was A Setup
Hedge Funds Weigh In On DoorDash
Hedge funds and other institutional investors have recently modified their holdings of the stock. Keel Point LLC lifted its holdings in DoorDash by 4.3% in the third quarter. Keel Point LLC now owns 1,393 shares of the company’s stock worth $379,000 after buying an additional 58 shares during the period. CYBER HORNET ETFs LLC raised its position in shares of DoorDash by 6.5% in the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock worth $222,000 after acquiring an additional 60 shares in the last quarter. Vise Technologies Inc. raised its position in shares of DoorDash by 1.8% in the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock worth $796,000 after acquiring an additional 63 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of DoorDash by 7.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 982 shares of the company’s stock valued at $222,000 after purchasing an additional 64 shares during the period. Finally, Wealthedge Investment Advisors LLC lifted its stake in shares of DoorDash by 1.2% in the 3rd quarter. Wealthedge Investment Advisors LLC now owns 5,291 shares of the company’s stock valued at $1,439,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.
Analysts Set New Price Targets
DASH has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of DoorDash from $198.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. DA Davidson dropped their target price on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Zacks Research raised DoorDash from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Rothschild & Co Redburn set a $350.00 price target on DoorDash in a report on Tuesday, May 12th. Finally, Piper Sandler reduced their price target on DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Two 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $256.11.
View Our Latest Analysis on DASH
About DoorDash
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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