Bridgefront Capital LLC Invests $474,000 in DoorDash, Inc. (NASDAQ:DASH)

Bridgefront Capital LLC purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,827 shares of the company's stock, valued at approximately $474,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DASH. Pittenger & Anderson Inc. acquired a new position in DoorDash in the fourth quarter valued at $29,000. Denver PWM LLC bought a new position in shares of DoorDash in the 4th quarter worth about $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash in the 4th quarter valued at about $34,000. ORG Wealth Partners LLC bought a new stake in shares of DoorDash during the 4th quarter valued at about $36,000. Finally, IFP Advisors Inc boosted its position in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after purchasing an additional 54 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DoorDash

In related news, insider Keith Yandell sold 8,116 shares of DoorDash stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the sale, the insider now directly owns 105,162 shares in the company, valued at $21,395,208.90. This trade represents a 7.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Tia Sherringham sold 12,088 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the completion of the transaction, the general counsel now owns 122,135 shares of the company's stock, valued at $24,848,365.75. This represents a 9.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 158,573 shares of company stock worth $30,407,073 over the last ninety days. Corporate insiders own 7.92% of the company's stock.

DoorDash Price Performance

Shares of DoorDash stock traded up $5.91 on Monday, reaching $189.43. 1,674,201 shares of the company were exchanged, compared to its average volume of 4,168,670. The stock's 50 day moving average price is $184.61 and its 200-day moving average price is $181.03. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.25. The company has a market cap of $79.58 billion, a P/E ratio of 701.20 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The company had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter in the previous year, the business posted ($0.06) EPS. The firm's revenue was up 20.7% on a year-over-year basis. On average, research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DASH has been the subject of several research analyst reports. BMO Capital Markets reaffirmed an "outperform" rating on shares of DoorDash in a research note on Tuesday, April 29th. Benchmark boosted their target price on DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group increased their price target on DoorDash from $192.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Wedbush restated an "outperform" rating on shares of DoorDash in a report on Wednesday. Finally, Roth Capital set a $191.00 price target on shares of DoorDash and gave the company a "neutral" rating in a research report on Wednesday. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, DoorDash presently has an average rating of "Moderate Buy" and an average target price of $209.97.

DoorDash 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.