Leonteq Securities AG Takes $871,000 Position in DoorDash, Inc. $DASH

Leonteq Securities AG bought a new stake in DoorDash, Inc. (NASDAQ:DASHFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,846 shares of the company’s stock, valued at approximately $871,000.

Several other institutional investors have also modified their holdings of DASH. Physician Wealth Advisors Inc. grew its position in shares of DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the period. Eastern Bank lifted its stake in shares of DoorDash by 714.3% in the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after buying an additional 100 shares in the last quarter. ST Germain D J Co. Inc. purchased a new position in shares of DoorDash in the fourth quarter worth about $29,000. Sunbelt Securities Inc. lifted its stake in shares of DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after buying an additional 67 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new position in shares of DoorDash in the third quarter worth about $36,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of DASH stock opened at $160.25 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The firm’s 50-day moving average is $162.96 and its two-hundred day moving average is $189.64. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The company has a market capitalization of $69.82 billion, a PE ratio of 76.31 and a beta of 1.87.

DoorDash (NASDAQ:DASHGet Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. DoorDash’s quarterly revenue was up 33.1% compared to the same quarter last year. Analysts predict that DoorDash, Inc. will post 2.45 earnings per share for the current year.

Insiders Place Their Bets

In other DoorDash news, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $176.61, for a total transaction of $220,762.50. Following the transaction, the director directly owned 31,002 shares of the company’s stock, valued at $5,475,263.22. The trade was a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Prabir Adarkar sold 10,000 shares of DoorDash stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $188.34, for a total transaction of $1,883,400.00. Following the transaction, the chief operating officer directly owned 843,678 shares in the company, valued at $158,898,314.52. This trade represents a 1.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 42,683 shares of company stock valued at $6,908,813 over the last ninety days. Company insiders own 5.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DASH. Barclays decreased their price target on shares of DoorDash from $238.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 19th. Citigroup decreased their price target on shares of DoorDash from $280.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Oppenheimer decreased their price target on shares of DoorDash from $280.00 to $235.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Piper Sandler decreased their price target on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Finally, Guggenheim decreased their price target on shares of DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $259.58.

Check Out Our Latest Stock Report on DoorDash

About DoorDash

(Free Report)

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.

See Also

Institutional Ownership by Quarter for DoorDash (NASDAQ:DASH)

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