Capital Impact Advisors LLC Makes New $10.79 Million Investment in DoorDash, Inc. $DASH

Key Points

• Capital Impact Advisors LLC has made a new investment in DoorDash, acquiring 59,034 shares valued at approximately $10.79 million, making it the firm's 5th largest holding.
• DoorDash reported a earnings per share (EPS) of $0.65 for the latest quarter, exceeding analysts' expectations of $0.42, with revenue rising 24.9% year-over-year.
• Analysts have been bullish on DoorDash, with several upgrading their price targets, including Wells Fargo raising theirs from $280 to $306 and Oppenheimer boosting it to $310.

Capital Impact Advisors LLC acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 59,034 shares of the company's stock, valued at approximately $10,790,000. DoorDash comprises 4.1% of Capital Impact Advisors LLC's investment portfolio, making the stock its 5th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Plato Investment Management Ltd increased its holdings in DoorDash by 6.3% during the 1st quarter. Plato Investment Management Ltd now owns 9,512 shares of the company's stock worth $1,757,000 after purchasing an additional 566 shares during the last quarter. SageView Advisory Group LLC increased its holdings in DoorDash by 5.1% during the 1st quarter. SageView Advisory Group LLC now owns 1,435 shares of the company's stock worth $262,000 after purchasing an additional 69 shares during the last quarter. Alaethes Wealth LLC increased its holdings in DoorDash by 2.3% during the 1st quarter. Alaethes Wealth LLC now owns 11,312 shares of the company's stock worth $2,067,000 after purchasing an additional 257 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in DoorDash by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,697,074 shares of the company's stock worth $492,944,000 after purchasing an additional 181,213 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of DoorDash by 3.6% in the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company's stock valued at $1,486,000 after acquiring an additional 285 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Price Performance

Shares of DASH opened at $256.53 on Wednesday. The company has a market cap of $109.59 billion, a P/E ratio of 142.52 and a beta of 1.70. The stock has a fifty day moving average price of $247.03 and a 200 day moving average price of $214.74. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. DoorDash, Inc. has a 12 month low of $122.73 and a 12 month high of $278.15.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.23. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The firm's revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.38) EPS. On average, research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $240.69, for a total transaction of $10,929,732.90. Following the completion of the transaction, the director owned 26,070 shares in the company, valued at approximately $6,274,788.30. The trade was a 63.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $275.74, for a total value of $13,787,000.00. Following the transaction, the director owned 22,545 shares of the company's stock, valued at $6,216,558.30. This trade represents a 68.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,019,042 shares of company stock valued at $248,122,219 in the last 90 days. Corporate insiders own 5.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC set a $300.00 price target on DoorDash and gave the company a "buy" rating in a report on Thursday, August 7th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $260.00 price target (up from $210.00) on shares of DoorDash in a report on Wednesday, June 25th. BTIG Research boosted their price target on DoorDash from $225.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday, July 1st. Wells Fargo & Company boosted their price target on DoorDash from $280.00 to $306.00 and gave the company an "equal weight" rating in a report on Friday, September 5th. Finally, Oppenheimer boosted their price target on DoorDash from $280.00 to $310.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of "Moderate Buy" and an average price target of $264.65.

About DoorDash

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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