DoorDash (NASDAQ:DASH) Director Stanley Tang Sells 45,410 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $244.39, for a total transaction of $11,097,749.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Stanley Tang also recently made the following trade(s):

• On Wednesday, October 1st, Stanley Tang sold 45,410 shares of DoorDash stock. The stock was sold at an average price of $268.23, for a total transaction of $12,180,324.30.
• On Tuesday, September 2nd, Stanley Tang sold 45,410 shares of DoorDash stock. The stock was sold at an average price of $243.31, for a total transaction of $11,048,707.10.

DoorDash Stock Down 0.8%

DASH opened at $238.00 on Thursday. The stock has a market cap of $101.67 billion, a PE ratio of 132.22 and a beta of 1.70. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The business’s fifty day simple moving average is $260.58 and its 200 day simple moving average is $237.30.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. As a group, research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently modified their holdings of DASH. Brighton Jones LLC boosted its stake in shares of DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares in the last quarter. Mutual Advisors LLC purchased a new position in shares of DoorDash in the first quarter worth $411,000. OneDigital Investment Advisors LLC purchased a new position in shares of DoorDash during the first quarter worth $361,000. World Investment Advisors purchased a new position in shares of DoorDash during the first quarter worth $1,125,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of DoorDash during the first quarter worth $251,000. 90.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Roth Capital raised their price objective on shares of DoorDash from $191.00 to $225.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Wall Street Zen downgraded shares of DoorDash from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Sanford C. Bernstein lifted their target price on shares of DoorDash from $210.00 to $265.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Loop Capital reaffirmed a “buy” rating on shares of DoorDash in a research report on Tuesday, July 15th. Finally, Royal Bank Of Canada lifted their price target on shares of DoorDash from $230.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average price target of $292.03.

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.