26,222 Shares in DoorDash, Inc. $DASH Acquired by Cohen Capital Management Inc.

Key Points

• Cohen Capital Management acquired 26,222 DoorDash shares valued at approximately $4.84 million, while institutional investors collectively own 90.64% of the company.
• DoorDash’s second-quarter revenue increased 35.6% year over year to $4.45 billion, surpassing estimates, but EPS of $0.46 narrowly missed the $0.47 consensus and fell from $0.65 a year earlier as expenses increased.
• Analysts remain broadly positive, with 24 Buy, nine Hold and one Sell rating; the stock has a “Moderate Buy” consensus and an average price target of $252.

Cohen Capital Management Inc. acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 26,222 shares of the company's stock, valued at approximately $4,839,000.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of DoorDash in the fourth quarter worth $1,093,650,000. Wellington Management Group LLP lifted its holdings in DoorDash by 593.1% in the 4th quarter. Wellington Management Group LLP now owns 5,481,693 shares of the company's stock worth $1,241,494,000 after purchasing an additional 4,690,744 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in DoorDash by 32.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company's stock worth $3,161,234,000 after purchasing an additional 3,447,754 shares during the period. Janus Henderson Group PLC boosted its stake in DoorDash by 40.2% in the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company's stock worth $1,159,377,000 after purchasing an additional 2,225,954 shares during the period. Finally, Coatue Management LLC grew its holdings in DoorDash by 77.8% during the 4th quarter. Coatue Management LLC now owns 4,365,365 shares of the company's stock valued at $988,668,000 after buying an additional 1,910,488 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Price Performance

Shares of DoorDash stock opened at $213.26 on Friday. The stock has a market cap of $92.92 billion, a price-to-earnings ratio of 111.65 and a beta of 1.78. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a 50 day moving average price of $179.51 and a 200-day moving average price of $174.48. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a return on equity of 8.49% and a net margin of 5.29%.The firm's quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. Equities analysts expect that DoorDash, Inc. will post 2.38 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on DASH. Truist Financial lifted their price objective on shares of DoorDash from $330.00 to $336.00 and gave the company a "buy" rating in a research report on Thursday. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 target price on shares of DoorDash in a research note on Thursday. Guggenheim reiterated a "buy" rating and issued a $255.00 price target on shares of DoorDash in a report on Tuesday, June 23rd. Benchmark decreased their price target on shares of DoorDash from $285.00 to $270.00 and set a "buy" rating on the stock in a research note on Monday. Finally, UBS Group increased their price objective on shares of DoorDash from $223.00 to $225.00 and gave the company a "neutral" rating in a report on Thursday. Twenty-four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, DoorDash currently has a consensus rating of "Moderate Buy" and an average price target of $252.00.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Second-quarter revenue rose 35.6% year over year to $4.45 billion, exceeding the $4.34 billion consensus estimate. Growth in orders, marketplaces, membership programs and monthly active users supported the company’s expansion narrative. DoorDash Q2 Financial Results
• Positive Sentiment: DoorDash provided stronger-than-expected third-quarter forecasts, indicating that demand for food, grocery and convenience delivery remains resilient and helping offset concerns about near-term profitability. DoorDash Strong Guidance
• Positive Sentiment: Management said improving growth and unit economics are helping fund investments in DashPass, artificial intelligence, autonomous delivery, merchant services and its global technology platform, reinforcing the longer-term growth strategy. DASH Q2 Earnings Call
• Positive Sentiment: Barclays raised its price target to $230, Cantor Fitzgerald lifted its target to $260 and maintained an overweight rating, while BTIG and Needham reaffirmed buy ratings with targets of $225 and $265, respectively. These actions signal continued confidence in DASH’s growth potential. DoorDash Analyst Actions
• Positive Sentiment: The FAA approved DoorDash for commercial drone deliveries in Charlotte, potentially creating a lower-cost fulfillment option and improving delivery economics over time. DoorDash FAA Air Carrier Approval
• Neutral Sentiment: DoorDash is continuing to test artificial intelligence and its Dot autonomous delivery robot, but management acknowledged operational challenges involving charging, loading and complex pickups, which could delay broad deployment. DoorDash Dot Robot Challenges
• Negative Sentiment: Second-quarter EPS was $0.46, slightly below the $0.47 consensus and down from $0.65 a year earlier. Higher costs of revenue, sales and marketing, overhead and research and development spending compressed profit despite the revenue beat. DoorDash Q2 Earnings Miss
• Negative Sentiment: Director Stanley Tang sold 67,693 shares worth approximately $13.6 million under a pre-arranged Rule 10b5-1 plan. Although scheduled, the transaction reduced his position by 62.7% and may add some investor caution. Stanley Tang DoorDash Share Sale

Insider Buying and Selling at DoorDash

In other news, Director Stanley Tang sold 67,693 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $200.63, for a total transaction of $13,581,246.59. Following the transaction, the director owned 40,218 shares of the company's stock, valued at approximately $8,068,937.34. This represents a 62.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,095 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $188.04, for a total value of $3,590,623.80. Following the completion of the sale, the chief financial officer owned 252,443 shares in the company, valued at approximately $47,469,381.72. The trade was a 7.03% decrease in their ownership of the stock. 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. Over the last ninety days, insiders have sold 142,620 shares of company stock valued at $26,822,778. 5.28% of the stock is owned by company insiders.

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.

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