Sigma Planning Corp Has $396,000 Stock Holdings in DoorDash, Inc. (NASDAQ:DASH)

Sigma Planning Corp increased its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 33.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,001 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Sigma Planning Corp’s holdings in DoorDash were worth $396,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in DoorDash by 448.8% during the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after purchasing an additional 359 shares in the last quarter. Valley National Advisers Inc. acquired a new position in DoorDash during the 4th quarter worth approximately $43,000. SJS Investment Consulting Inc. increased its position in DoorDash by 26.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after purchasing an additional 98 shares in the last quarter. Covestor Ltd increased its position in DoorDash by 101.2% during the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after purchasing an additional 253 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in DoorDash by 182.0% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 564 shares of the company’s stock worth $56,000 after purchasing an additional 364 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Morgan Stanley upgraded shares of DoorDash from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $135.00 to $145.00 in a research report on Thursday, February 22nd. BMO Capital Markets boosted their target price on shares of DoorDash from $120.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. The Goldman Sachs Group boosted their target price on shares of DoorDash from $109.00 to $122.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, JMP Securities boosted their target price on shares of DoorDash from $130.00 to $160.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 27th. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.52.

DoorDash Trading Up 3.1 %

DASH opened at $132.11 on Friday. The company’s fifty day moving average price is $131.30 and its two-hundred day moving average price is $108.59. DoorDash, Inc. has a 1-year low of $57.39 and a 1-year high of $143.34. The company has a market cap of $53.37 billion, a price-to-earnings ratio of -92.38, a PEG ratio of 14.10 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the company posted ($0.63) EPS. The business’s quarterly revenue was up 26.7% on a year-over-year basis. As a group, equities analysts forecast that DoorDash, Inc. will post 0.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DoorDash news, insider Keith Yandell sold 3,500 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $104.89, for a total transaction of $367,115.00. Following the transaction, the insider now owns 179,350 shares in the company, valued at $18,812,021.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CAO Gordon S. Lee sold 1,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $124.50, for a total value of $124,500.00. Following the completion of the sale, the chief accounting officer now owns 92,207 shares in the company, valued at $11,479,771.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Keith Yandell sold 3,500 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $104.89, for a total transaction of $367,115.00. Following the completion of the sale, the insider now owns 179,350 shares of the company’s stock, valued at approximately $18,812,021.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 497,282 shares of company stock worth $64,885,042. Insiders own 9.59% of the company’s stock.

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.