DoorDash, Inc. (NASDAQ:DASH) Director Sells $189,750.00 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Shona L. Brown sold 825 shares of the firm’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $230.00, for a total transaction of $189,750.00. Following the completion of the transaction, the director now directly owns 46,461 shares of the company’s stock, valued at approximately $10,686,030. This represents a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

DoorDash Trading Up 1.1%

NASDAQ:DASH opened at $242.32 on Friday. The company’s 50-day moving average price is $206.04 and its 200-day moving average price is $191.32. The company has a market cap of $102.68 billion, a P/E ratio of 314.71 and a beta of 1.67. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $242.63.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the firm posted ($0.06) earnings per share. On average, analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Hedge Funds Weigh In On DoorDash

Several hedge funds and other institutional investors have recently modified their holdings of DASH. Saudi Central Bank purchased a new position in shares of DoorDash in the first quarter worth about $25,000. WPG Advisers LLC purchased a new position in shares of DoorDash in the first quarter worth about $26,000. Pacific Center for Financial Services purchased a new position in DoorDash during the first quarter worth about $27,000. Harbour Investments Inc. raised its stake in DoorDash by 55.6% during the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after purchasing an additional 70 shares during the period. Finally, IFP Advisors Inc raised its stake in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after purchasing an additional 54 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on DASH shares. Wedbush reaffirmed an “outperform” rating on shares of DoorDash in a report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price target on shares of DoorDash from $205.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Roth Capital set a $191.00 price target on shares of DoorDash and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Citigroup reiterated an “outperform” rating on shares of DoorDash in a research note on Thursday, June 12th. Finally, Benchmark increased their price objective on shares of DoorDash from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $214.76.

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.