EverSource Wealth Advisors LLC Purchases 138 Shares of DoorDash, Inc. (NASDAQ:DASH)

EverSource Wealth Advisors LLC grew its stake in DoorDash, Inc. (NASDAQ:DASH) by 21.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 791 shares of the company’s stock after acquiring an additional 138 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in DoorDash were worth $102,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of DoorDash by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock worth $2,897,823,000 after purchasing an additional 2,259,976 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of DoorDash by 6.4% in the fourth quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock worth $1,263,381,000 after purchasing an additional 772,977 shares during the last quarter. Capital World Investors raised its stake in shares of DoorDash by 0.8% in the first quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock worth $1,304,242,000 after purchasing an additional 74,504 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of DoorDash by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock worth $753,281,000 after purchasing an additional 242,956 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of DoorDash by 11,416.7% in the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after purchasing an additional 3,425,115 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wedbush restated a “neutral” rating and issued a $115.00 price target on shares of DoorDash in a research note on Friday. Barclays upped their price objective on DoorDash from $113.00 to $120.00 and gave the company an “equal weight” rating in a research report on Friday. Loop Capital initiated coverage on DoorDash in a research report on Friday, April 19th. They set a “buy” rating and a $170.00 price objective for the company. Citigroup upped their price objective on DoorDash from $141.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company upped their price objective on DoorDash from $125.00 to $127.00 and gave the company an “equal weight” rating in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $141.93.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 50,000 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $113.40, for a total value of $5,670,000.00. Following the completion of the transaction, the director now owns 39,275 shares in the company, valued at $4,453,785. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Shona L. Brown sold 1,712 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total value of $189,980.64. Following the completion of the transaction, the director now owns 70,191 shares in the company, valued at $7,789,095.27. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $113.40, for a total value of $5,670,000.00. Following the completion of the transaction, the director now owns 39,275 shares of the company’s stock, valued at approximately $4,453,785. The disclosure for this sale can be found here. Insiders sold a total of 459,016 shares of company stock valued at $50,325,396 over the last three months. 7.92% of the stock is currently owned by company insiders.

DoorDash Trading Up 1.9 %

DASH stock traded up $2.35 during trading on Tuesday, hitting $123.65. 3,466,299 shares of the company’s stock were exchanged, compared to its average volume of 4,103,887. The business has a 50-day moving average price of $109.52 and a two-hundred day moving average price of $118.57. The stock has a market capitalization of $50.56 billion, a price-to-earnings ratio of -112.54, a PEG ratio of 40.25 and a beta of 1.67. DoorDash, Inc. has a 52-week low of $69.90 and a 52-week high of $143.34.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 6.00%. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the prior year, the firm posted ($0.44) EPS. DoorDash’s quarterly revenue was up 23.3% compared to the same quarter last year. On average, equities research analysts anticipate that DoorDash, Inc. will post 0.07 earnings per share for the current fiscal year.

DoorDash Company Profile

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.