Shares of DoorDash, Inc. (NASDAQ:DASH - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $244.86 and last traded at $244.34, with a volume of 749406 shares. The stock had previously closed at $242.32.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the company. UBS Group decreased their price objective on DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Oppenheimer increased their price target on DoorDash from $220.00 to $280.00 and gave the company an "outperform" rating in a research note on Monday. Morgan Stanley lowered their price objective on DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Citigroup reiterated an "outperform" rating on shares of DoorDash in a report on Thursday, June 12th. Finally, FBN Securities assumed coverage on shares of DoorDash in a research report on Friday, March 28th. They set an "outperform" rating and a $230.00 target price for the company. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $216.09.
Read Our Latest Research Report on DoorDash
DoorDash Trading Up 1.7%
The business has a fifty day simple moving average of $206.04 and a 200 day simple moving average of $191.54. The stock has a market capitalization of $104.46 billion, a P/E ratio of 320.15 and a beta of 1.67.
DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the business posted ($0.06) EPS. The business's revenue was up 20.7% compared to the same quarter last year. As a group, research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.
Insider Transactions at DoorDash
In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $231.70, for a total value of $330,172.50. Following the completion of the transaction, the chief financial officer owned 265,530 shares in the company, valued at $61,523,301. This represents a 0.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andy Fang sold 30,000 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $217.52, for a total value of $6,525,600.00. Following the sale, the director directly owned 22,545 shares of the company's stock, valued at approximately $4,903,988.40. This represents a 57.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 313,552 shares of company stock worth $63,965,566. Company insiders own 5.83% of the company's stock.
Institutional Trading of DoorDash
A number of large investors have recently added to or reduced their stakes in DASH. Brighton Jones LLC lifted its stake in DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after purchasing an additional 1,807 shares during the last quarter. IFP Advisors Inc lifted 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 buying an additional 54 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of DoorDash by 4.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 6,140 shares of the company's stock valued at $1,030,000 after buying an additional 248 shares during the last quarter. Versor Investments LP bought a new position in shares of DoorDash during the 4th quarter worth $369,000. Finally, SVB Wealth LLC purchased a new stake in DoorDash in the 4th quarter worth about $1,108,000. Hedge funds and other institutional investors own 90.64% of the company's stock.
DoorDash Company Profile
(
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.
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