Cooper Financial Group Buys Shares of 3,141 DoorDash, Inc. $DASH

Key Points

• Cooper Financial Group acquired a new stake in DoorDash, Inc. by purchasing 3,141 shares valued at approximately $774,000 during the second quarter.
• The company reported $0.65 earnings per share for the quarter, exceeding analysts' consensus estimates of $0.42, with revenues reaching $3.28 billion.
• Key analysts have issued mixed ratings on DoorDash, with two analysts rating it as a Strong Buy and others providing a consensus rating of "Moderate Buy" with a target price of $275.42.

Cooper Financial Group bought a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,141 shares of the company's stock, valued at approximately $774,000.

Several other hedge funds have also recently made changes to their positions in DASH. Saudi Central Bank bought a new stake in shares of DoorDash in the first quarter valued at $25,000. WPG Advisers LLC bought a new stake in shares of DoorDash in the first quarter valued at $26,000. Pacific Center for Financial Services bought a new stake in shares of DoorDash in the first quarter valued at $27,000. Harbour Investments Inc. raised its stake in shares of DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after buying an additional 70 shares during the period. Finally, SouthState Corp raised its stake in shares of DoorDash by 762.5% in the first quarter. SouthState Corp now owns 207 shares of the company's stock valued at $38,000 after buying an additional 183 shares during the period. 90.64% of the stock is currently owned by institutional investors.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $267.64 on Thursday. The firm has a market capitalization of $114.34 billion, a P/E ratio of 148.69 and a beta of 1.71. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30. The stock's 50-day simple moving average is $254.56 and its two-hundred day simple moving average is $222.77. DoorDash, Inc. has a twelve month low of $140.62 and a twelve month high of $278.15.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. KeyCorp reiterated an "overweight" rating and set a $325.00 price objective (up from $295.00) on shares of DoorDash in a research note on Thursday, August 7th. DA Davidson boosted their price objective on DoorDash from $190.00 to $260.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. Wall Street Zen lowered DoorDash from a "buy" rating to a "hold" rating in a research note on Saturday, September 20th. Zacks Research upgraded DoorDash to a "hold" rating in a research note on Tuesday, August 12th. Finally, Jefferies Financial Group boosted their price objective on DoorDash from $250.00 to $265.00 and gave the company a "hold" rating in a research note on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and thirteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and a consensus target price of $275.42.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $275.74, for a total transaction of $13,787,000.00. Following the transaction, the director directly owned 22,545 shares in the company, valued at approximately $6,216,558.30. This represents a 68.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Prabir Adarkar sold 41,881 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $245.82, for a total value of $10,295,187.42. Following the transaction, the chief operating officer owned 914,547 shares in the company, valued at $224,813,943.54. This trade represents a 4.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 891,841 shares of company stock valued at $220,178,742 over the last 90 days. Company insiders own 5.83% of the company's stock.

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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