Shona Brown Sells 582 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) Director Shona Brown sold 582 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $177.06, for a total value of $103,048.92. Following the sale, the director owned 31,156 shares in the company, valued at approximately $5,516,481.36. This trade represents a 1.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Stock Down 0.2%

Shares of DASH traded down $0.29 during midday trading on Tuesday, hitting $184.53. The company had a trading volume of 4,154,281 shares, compared to its average volume of 4,980,869. The company’s 50-day simple moving average is $165.61 and its 200-day simple moving average is $181.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $80.40 billion, a P/E ratio of 87.87 and a beta of 1.83. DoorDash, Inc. has a 1 year low of $143.30 and a 1 year high of $285.50.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The business’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. As a group, sell-side analysts expect that DoorDash, Inc. will post 2.41 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC lifted its position in DoorDash by 3.0% in the first quarter. Empowered Funds LLC now owns 48,765 shares of the company’s stock valued at $7,322,000 after acquiring an additional 1,403 shares during the last quarter. Militia Capital Management LLC purchased a new position in shares of DoorDash during the first quarter worth about $348,000. Bank of America Corp DE increased its position 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 purchasing an additional 536,080 shares in the last quarter. Anson Funds Management LP acquired a new stake in shares of DoorDash during the first quarter worth about $1,314,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of 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 purchasing an additional 2,225,954 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DASH has been the topic of a number of recent analyst reports. DA Davidson dropped their price objective on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. BTIG Research decreased their price objective on shares of DoorDash from $280.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, June 12th. Zacks Research upgraded shares of DoorDash from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Argus set a $190.00 target price on DoorDash in a report on Thursday, June 11th. Finally, Citigroup restated a “market outperform” rating on shares of DoorDash in a research note on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.11.

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.