DoorDash, Inc. $DASH Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC reduced its stake in DoorDash, Inc. (NASDAQ:DASH) by 15.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 125,416 shares of the company’s stock after selling 22,160 shares during the period. DoorDash accounts for 1.3% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 29th biggest position. Franklin Street Advisors Inc. NC’s holdings in DoorDash were worth $23,143,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. MV Capital Management Inc. purchased a new stake in shares of DoorDash during the fourth quarter worth approximately $26,000. Sunbelt Securities Inc. grew its position in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after buying an additional 67 shares during the last quarter. Swiss RE Ltd. acquired a new position in DoorDash in the 4th quarter valued at $28,000. ST Germain D J Co. Inc. acquired a new position in DoorDash in the 4th quarter valued at $29,000. Finally, Morse Asset Management Inc purchased a new position in DoorDash during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash’s second-quarter revenue increased 35.6% year over year to $4.45 billion, exceeding the $4.34 billion consensus estimate. Growth in orders, marketplaces, memberships and the Deliveroo acquisition supported the top-line beat. DoorDash Q2 Earnings Miss on Higher R&D Costs, Revenue Beat
• Positive Sentiment: Management issued stronger-than-expected third-quarter guidance, indicating that demand for food, grocery and convenience delivery remains resilient. The company also said improving growth and unit economics are helping fund investments in DashPass, merchant services, artificial intelligence and autonomous delivery. DoorDash Issues Strong Guidance as Delivery Demand Keeps Rising
• Positive Sentiment: DoorDash received FAA approval to operate commercial air-carrier services in Charlotte, clearing a regulatory hurdle for drone deliveries. The initiative could eventually improve delivery speed and economics, although its financial contribution is likely longer term. DoorDash Cleared for Takeoff with FAA Air Carrier Approval
• Positive Sentiment: Several analysts raised their price targets: Cantor Fitzgerald increased its target to $260 and maintained an overweight rating, while Needham reiterated a buy rating with a $265 target. Barclays also lifted its target to $230, though it retained an equal-weight rating. DoorDash Given New Price Target at Barclays
• Neutral Sentiment: DoorDash is positioning artificial intelligence as a growth and efficiency driver, but management said AI-generated traffic is still limited. Autonomous delivery robot deployment also faces practical challenges involving charging, loading and complex pickups. DoorDash Faces Challenges Scaling Its Dot Delivery Robot
• Negative Sentiment: Adjusted earnings of $0.46 per share fell short of expectations and declined from $0.65 a year earlier. Higher research-and-development spending is pressuring near-term profitability as DoorDash invests in technology and expansion. DoorDash Q2 Earnings Miss Estimates
• Negative Sentiment: Director Stanley Tang sold 67,693 shares worth approximately $13.6 million under a pre-arranged Rule 10b5-1 plan. While scheduled insider sales do not necessarily signal deteriorating fundamentals, the transaction reduced his position by roughly 63%. Stanley Tang Sells DoorDash Shares

Insider Activity

In other DoorDash news, Director Shona L. Brown sold 582 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $177.06, for a total transaction of $103,048.92. Following the completion of the transaction, the director owned 31,156 shares of the company’s stock, valued at approximately $5,516,481.36. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $180.00, for a total value of $900,000.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 142,620 shares of company stock worth $26,822,778 in the last quarter. 5.28% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on DASH. DA Davidson reduced their target price on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. BTIG Research reiterated a “buy” rating and set a $225.00 price target on shares of DoorDash in a research note on Thursday. TD Cowen increased their price target on shares of DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday. Piper Sandler reissued a “neutral” rating and set a $220.00 price target (up from $205.00) on shares of DoorDash in a report on Thursday. Finally, Weiss Ratings raised DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $253.50.

DoorDash Stock Performance

Shares of DoorDash stock opened at $216.26 on Monday. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $285.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock has a market cap of $94.23 billion, a PE ratio of 113.23 and a beta of 1.78. The company has a 50-day moving average of $180.65 and a two-hundred day moving average of $174.56.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The firm had revenue of $4.45 billion for the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.DoorDash’s revenue was up 35.6% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. On average, research analysts anticipate that DoorDash, Inc. will post 2.5 EPS for the current fiscal year.

DoorDash 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.