DoorDash, Inc. (NASDAQ:DASH – Get Free Report) Director Andy Fang sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $228.31, for a total transaction of $3,424,650.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andy Fang also recently made the following trade(s):
- On Wednesday, June 24th, Andy Fang sold 5,000 shares of DoorDash stock. The stock was sold at an average price of $180.00, for a total transaction of $900,000.00.
DoorDash Trading Down 5.3%
NASDAQ DASH opened at $200.44 on Wednesday. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The firm has a 50 day moving average of $204.67 and a two-hundred day moving average of $179.21. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $86.85 billion, a PE ratio of 104.94 and a beta of 1.79.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Benchmark lowered their price objective on DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Jefferies Financial Group boosted their target price on DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DoorDash in a report on Friday, August 7th. Cantor Fitzgerald increased their price target on shares of DoorDash from $230.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Finally, Wells Fargo & Company raised their price objective on shares of DoorDash from $199.00 to $225.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.97.
Read Our Latest Research Report on DASH
DoorDash News Roundup
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: DoorDash is partnering with SKIMS to provide on-demand delivery for last-minute wardrobe needs. The arrangement expands DoorDash’s non-restaurant retail business and could increase order frequency and consumer use cases. SKIMS DoorDash partnership
- Positive Sentiment: DoorDash is promoting football-season rewards, including a large cash prize, a vehicle and other incentives. The campaign is designed to drive weekend orders and customer engagement, although the direct financial impact is uncertain. DoorDash football rewards
- Positive Sentiment: A Seeking Alpha analysis maintained a bullish view, citing 36% year-over-year second-quarter revenue growth to $4.45 billion, 23% organic marketplace GOV growth and a 40% increase in adjusted EBITDA to $914 million. The report also highlighted continued DashPass subscriber growth and margin expansion. DoorDash growth analysis
- Positive Sentiment: DoorDash Labs was named Innovation Team of the Year, providing reputational support for the company’s technology and logistics initiatives, though the award has limited near-term earnings significance. DoorDash Labs award
- Neutral Sentiment: Media coverage of an individual delivery experience and DoorDash tipping does not appear material to the company’s financial outlook. DoorDash delivery story
- Negative Sentiment: Director Andy Fang sold 15,000 DASH shares for approximately $3.42 million under a pre-arranged Rule 10b5-1 plan. Another report cited roughly $6.97 million in director stock sales. Planned transactions reduce the signal’s significance, but insider selling can weigh on sentiment, particularly while DASH trades at a high earnings multiple. DoorDash insider sale
Institutional Trading of DoorDash
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CYBER HORNET ETFs LLC grew its stake in DoorDash by 6.5% during the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock worth $222,000 after buying an additional 60 shares during the last quarter. Vise Technologies Inc. increased its holdings in shares of DoorDash by 1.8% in the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock valued at $796,000 after acquiring an additional 63 shares during the period. Washington Trust Advisors Inc. raised its position in DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock valued at $26,000 after purchasing an additional 64 shares during the last quarter. Premier Path Wealth Partners LLC raised its position in DoorDash by 2.7% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock valued at $465,000 after purchasing an additional 67 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.
About DoorDash
DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.
The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.
Featured Stories
- Five stocks we like better than DoorDash
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.
