Assenagon Asset Management S.A. Raises Stock Holdings in DoorDash, Inc. $DASH

Key Points

• Assenagon Asset Management increased its stake in DoorDash by 85.7% in Q4, buying 296,765 shares to hold 643,096 shares (about 0.15%) valued at roughly $145.65 million.
• Company insiders have been net sellers, with Director Stanley Tang selling 45,410 shares for about $9.49 million and insiders offloading 157,317 shares (≈$34.13 million) in the past three months; insiders now own 5.83% of the stock.
• Operationally DoorDash is expanding beyond food delivery (launched “Tasks”) and launched a gas-price relief program for drivers amid higher fuel costs, while Wall Street maintains a Moderate Buy consensus with an average target near $262.82.

Assenagon Asset Management S.A. lifted its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 85.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 643,096 shares of the company's stock after buying an additional 296,765 shares during the quarter. Assenagon Asset Management S.A. owned about 0.15% of DoorDash worth $145,648,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. boosted its position in shares of DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company's stock worth $26,000 after purchasing an additional 71 shares during the period. Sunbelt Securities Inc. raised its position in shares of DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock valued at $33,000 after purchasing an additional 67 shares during the period. Morse Asset Management Inc purchased a new position in shares of DoorDash during the 3rd quarter valued at $36,000. Sound Income Strategies LLC lifted its stake in shares of DoorDash by 2,760.0% during the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company's stock valued at $39,000 after buying an additional 138 shares in the last quarter. Finally, Rossby Financial LCC boosted its holdings in DoorDash by 127.8% in the 3rd quarter. Rossby Financial LCC now owns 164 shares of the company's stock worth $44,000 after buying an additional 92 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $209.01, for a total transaction of $9,491,144.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shona L. Brown sold 1,250 shares of the business's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $176.61, for a total transaction of $220,762.50. Following the sale, the director directly owned 31,002 shares of the company's stock, valued at $5,475,263.22. This represents a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 157,317 shares of company stock worth $34,131,231 in the last three months. Corporate insiders own 5.83% of the company's stock.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash launched “Tasks,” expanding beyond food delivery into paid local gigs — a new revenue stream and marketplace expansion that can increase GMV and diversify earnings. DoorDash launches “Tasks”, adding paid gigs beyond delivery
• Positive Sentiment: Company announced a gas-price relief program (cash-back on DoorDash Crimson card + weekly relief payments for high-mileage Dashers) to support driver retention and reduce churn — a near-term expense but positive for delivery capacity and PR. Gas Price Relief For Dashers
• Positive Sentiment: Buy-side and independent bullish commentary highlights accelerating order growth, Deliveroo acquisition benefits in Europe, and long-term analyst confidence—supporting sentiment after a sizable YTD pullback. DoorDash: Order Acceleration Defies A Weaker Macro
• Neutral Sentiment: Human-interest coverage (elderly Dasher given large GoFundMe check) increases positive PR but has limited direct financial impact. “We’ll get back to work”: Elderly DoorDash driver Richard Pulley handed $965,868 check
• Neutral Sentiment: Reported short-interest data is garbled/zeroed in the feed and shows no clear change; it does not appear to be driving today’s move. (Data flagged as 0 shares / NaN change.)
• Negative Sentiment: Geopolitical escalation (Iran–U.S. war) is driving higher gas prices, creating margin pressure for delivery economics and raising operating costs industry-wide — the company’s relief program mitigates driver-side impact but does not remove the macro headwind. DoorDash introduces relief payments for drivers as the Iran-US war drives up gas prices

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of recent analyst reports. Evercore set a $300.00 price target on DoorDash in a report on Thursday, February 19th. Zacks Research raised DoorDash from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 12th. Argus decreased their target price on DoorDash from $275.00 to $260.00 and set a "buy" rating on the stock in a research note on Friday, December 12th. UBS Group decreased their target price on DoorDash from $245.00 to $240.00 and set a "neutral" rating on the stock in a research note on Thursday, February 19th. Finally, Bank of America upped their price target on DoorDash from $260.00 to $272.00 and gave the stock a "buy" rating in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $262.82.

DoorDash Stock Performance

DoorDash stock opened at $159.98 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $69.50 billion, a P/E ratio of 75.46 and a beta of 1.82. DoorDash, Inc. has a 1-year low of $153.00 and a 1-year high of $285.50. The company's 50-day moving average is $183.44 and its 200 day moving average is $219.02.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.10). The business had revenue of $3.96 billion for the quarter, compared to analysts' expectations of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The firm's quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. Research analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

DoorDash Company 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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