DoorDash (NASDAQ:DASH) Director Shona Brown Sells 582 Shares

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

DoorDash Stock Down 0.2%

Shares of DASH opened at $184.53 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The firm’s 50 day moving average is $165.62 and its 200-day moving average is $180.97. The stock has a market capitalization of $80.40 billion, a PE ratio of 87.87 and a beta of 1.83.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. DoorDash’s revenue for the quarter was up 33.1% compared to the same quarter last year. Equities research analysts forecast that DoorDash, Inc. will post 2.41 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Eastern Bank increased its position in shares of DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the period. MV Capital Management Inc. acquired a new position in DoorDash in the fourth quarter valued at $26,000. Swiss RE Ltd. bought a new stake in DoorDash during the fourth quarter valued at $28,000. ST Germain D J Co. Inc. acquired a new stake in DoorDash during the 4th quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in DoorDash during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analysts Set New Price Targets

DASH has been the topic of a number of research reports. DA Davidson decreased their target price on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. TD Cowen initiated coverage on DoorDash in a report on Monday, April 27th. They set a “buy” rating and a $225.00 price target on the stock. Stifel Nicolaus cut their target price on shares of DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. Weiss Ratings upgraded shares of DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 price target on shares of DoorDash in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $256.11.

About DoorDash

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.