Shona Brown Sells 825 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) Director Shona Brown sold 825 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $280.00, for a total transaction of $231,000.00. Following the sale, the director directly owned 38,502 shares in the company, valued at $10,780,560. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

DoorDash Stock Performance

Shares of DASH stock opened at $275.44 on Friday. DoorDash, Inc. has a one year low of $141.76 and a one year high of $285.08. The company’s 50-day moving average is $258.06 and its 200 day moving average is $226.27. The company has a market capitalization of $117.67 billion, a price-to-earnings ratio of 153.02 and a beta of 1.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the firm posted ($0.38) EPS. DoorDash’s revenue for the quarter was up 24.9% on a year-over-year basis. Sell-side analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Institutional Investors Weigh In On DoorDash

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DASH. Saudi Central Bank bought a new stake in DoorDash during the 1st quarter worth approximately $25,000. WPG Advisers LLC bought a new stake in DoorDash during the 1st quarter worth approximately $26,000. Pacific Center for Financial Services bought a new stake in DoorDash during the 1st quarter worth approximately $27,000. GFG Capital LLC bought a new stake in DoorDash during the 2nd quarter worth approximately $30,000. Finally, Harbour Investments Inc. raised its stake in DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after acquiring an additional 70 shares during the period. Institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DASH shares. JMP Securities raised their price target on shares of DoorDash from $250.00 to $335.00 and gave the company a “market outperform” rating in a report on Thursday, August 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $330.00 price objective on shares of DoorDash in a report on Wednesday, September 17th. DA Davidson raised their price objective on shares of DoorDash from $190.00 to $260.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Sanford C. Bernstein raised their price objective on shares of DoorDash from $210.00 to $265.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, Jefferies Financial Group raised their price objective on shares of DoorDash from $250.00 to $265.00 and gave the stock a “hold” rating in a report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $275.27.

About DoorDash

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.