DoorDash (NASDAQ:DASH) Director Shona Brown Sells 1,250 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) Director Shona Brown sold 1,250 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $222.33, for a total value of $277,912.50. Following the sale, the director owned 33,502 shares of the company’s stock, valued at approximately $7,448,499.66. This represents a 3.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

DoorDash Stock Up 1.2%

DASH stock traded up $2.53 on Tuesday, hitting $217.40. 2,638,224 shares of the company’s stock were exchanged, compared to its average volume of 4,025,501. The firm has a 50 day moving average price of $217.16 and a two-hundred day moving average price of $241.22. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50. The stock has a market cap of $93.70 billion, a P/E ratio of 110.36 and a beta of 1.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. DoorDash’s revenue was up 27.3% on a year-over-year basis. As a group, equities research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. BTIG Research restated a “buy” rating and issued a $315.00 target price on shares of DoorDash in a research note on Thursday, November 6th. Argus cut their price target on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, December 12th. BMO Capital Markets restated an “outperform” rating on shares of DoorDash in a research note on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of DoorDash in a report on Wednesday, October 8th. Finally, Mizuho lowered their price target on shares of DoorDash from $350.00 to $320.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $277.94.

Institutional Trading of DoorDash

Institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of DoorDash during the 2nd quarter valued at approximately $1,185,576,000. Vanguard Group Inc. raised its position in DoorDash by 4.6% during the second quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock worth $10,153,768,000 after acquiring an additional 1,792,799 shares during the period. Scge Management L.P. purchased a new position in DoorDash during the second quarter valued at $267,463,000. Invesco Ltd. grew its position in shares of DoorDash by 18.2% in the third quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock valued at $1,728,667,000 after purchasing an additional 980,148 shares during the period. Finally, Ninety One UK Ltd acquired a new stake in shares of DoorDash in the third quarter valued at about $259,154,000. 90.64% of the stock is owned by institutional investors and hedge funds.

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.