DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Shona L. Brown sold 1,248 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $231.70, for a total value of $289,161.60. Following the transaction, the director now directly owns 45,213 shares in the company, valued at approximately $10,475,852.10. This trade represents a 2.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
DoorDash Trading Down 1.5%
DoorDash stock traded down $3.49 during trading hours on Wednesday, reaching $232.68. 3,069,465 shares of the stock were exchanged, compared to its average volume of 4,226,481. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $238.28. The company has a market cap of $98.60 billion, a P/E ratio of 306.71 and a beta of 1.67. The stock has a 50 day moving average of $202.59 and a two-hundred day moving average of $190.12.
DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. The company had revenue of $3.03 billion during 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 firm's quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) EPS. On average, analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently commented on DASH. FBN Securities began coverage on DoorDash in a research note on Friday, March 28th. They set an "outperform" rating and a $230.00 target price for the company. Wells Fargo & Company dropped their price target on DoorDash from $201.00 to $198.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Cantor Fitzgerald lifted their price objective on shares of DoorDash from $210.00 to $260.00 and gave the stock an "overweight" rating in a research report on Wednesday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $230.00 price objective on shares of DoorDash in a report on Wednesday, May 7th. Finally, Wedbush restated an "outperform" rating on shares of DoorDash in a research note on Wednesday, May 7th. Eleven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $214.76.
View Our Latest Analysis on DoorDash
Institutional Investors Weigh In On DoorDash
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after buying an additional 1,807 shares in the last quarter. Principal Financial Group Inc. raised its stake in DoorDash by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 93,382 shares of the company's stock worth $15,665,000 after acquiring an additional 2,596 shares in the last quarter. Truist Financial Corp raised its stake in DoorDash by 35.1% during the fourth quarter. Truist Financial Corp now owns 8,597 shares of the company's stock worth $1,442,000 after acquiring an additional 2,233 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of DoorDash by 13.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,897 shares of the company's stock worth $318,000 after acquiring an additional 232 shares during the last quarter. Finally, Howard Capital Management Inc. boosted its stake in shares of DoorDash by 5.1% in the 4th quarter. Howard Capital Management Inc. now owns 1,841 shares of the company's stock valued at $309,000 after purchasing an additional 90 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.
About DoorDash
(
Get Free Report)
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.
Further Reading
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