Diversify Wealth Management LLC Acquires New Position in DoorDash, Inc. $DASH

Key Points

• Diversify Wealth Management LLC disclosed a new stake in DoorDash during the fourth quarter, buying 10,603 shares valued at about $2.3 million.
• DoorDash reported better-than-expected Q1 earnings of $0.42 per share, though revenue came in below estimates at $4.04 billion. Revenue still grew 33.1% year over year, and the company said its results were supported by strong delivery demand.
• Despite the solid earnings beat, the stock was down about 4.3% in trading, and some analysts trimmed price targets even as the overall Wall Street view remained Moderate Buy.

Diversify Wealth Management LLC acquired a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,603 shares of the company's stock, valued at approximately $2,305,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after buying an additional 1,807 shares during the period. Integrated Wealth Concepts LLC increased its holdings in DoorDash by 21.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company's stock worth $314,000 after buying an additional 303 shares during the period. Empowered Funds LLC increased its holdings in DoorDash by 3.6% in the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company's stock worth $1,486,000 after buying an additional 285 shares during the period. Sivia Capital Partners LLC increased its holdings in DoorDash by 92.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company's stock worth $1,049,000 after buying an additional 2,049 shares during the period. Finally, Baird Financial Group Inc. acquired a new position in DoorDash in the 2nd quarter worth approximately $222,000. 90.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Shona L. Brown sold 1,250 shares of the firm's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $176.61, for a total value of $220,762.50. Following the transaction, the director owned 31,002 shares in the company, valued at approximately $5,475,263.22. This trade represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Prabir Adarkar sold 10,000 shares of the firm's stock in a transaction on Monday, April 20th. The shares were sold at an average price of $188.34, for a total value of $1,883,400.00. Following the completion of the transaction, the chief operating officer owned 843,678 shares in the company, valued at $158,898,314.52. The trade was a 1.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 43,933 shares of company stock worth $7,135,413. Corporate insiders own 5.83% of the company's stock.

DoorDash Trading Down 4.3%

Shares of DASH stock opened at $163.93 on Friday. The stock's fifty day moving average is $167.01 and its two-hundred day moving average is $197.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.43. The firm has a market capitalization of $71.22 billion, a P/E ratio of 78.06 and a beta of 1.87. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The firm's revenue for the quarter was up 33.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS. Research analysts expect that DoorDash, Inc. will post 2.41 earnings per share for the current fiscal year.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash beat Q1 earnings estimates, posting adjusted EPS of $0.42 versus roughly $0.36-$0.37 expected, while orders, Marketplace GOV, and customer growth remained strong, supporting the stock’s rally. DoorDash stock jumps 11% after earnings beat and strong delivery demand
• Positive Sentiment: The company issued a stronger-than-expected forecast for order growth, with investors viewing the outlook for food and grocery delivery demand as the key driver behind the stock’s advance. DoorDash shares jump after strong quarterly forecast on food, grocery delivery demand
• Positive Sentiment: Several brokerages reiterated bullish or supportive views after earnings, including Needham’s buy rating and BTIG’s buy rating, with multiple analysts keeping price targets well above the current stock price. Analyst price target and rating updates
• Neutral Sentiment: Analysts noted the quarter was mixed because revenue missed estimates and margins narrowed, which tempers the strength of the earnings beat. DoorDash Q1 Earnings Top Estimates, Revenues Increase Y/Y, Shares Up
• Neutral Sentiment: DoorDash also said it plans to spend more than $50 million on gas relief for drivers, a cost that pressures near-term profitability but does not appear to have changed its 2026 EBITDA margin outlook. DoorDash plans to spend more than $50 million on gas price relief for its drivers this spring
• Negative Sentiment: Citigroup and Susquehanna both lowered their price targets, suggesting some analysts see less upside than before even while maintaining positive ratings. Price target cuts from Citigroup and Susquehanna

Wall Street Analyst Weigh In

DASH has been the topic of several research reports. Susquehanna cut their price target on shares of DoorDash from $250.00 to $225.00 and set a "positive" rating on the stock in a report on Friday. BTIG Research reiterated a "buy" rating and issued a $280.00 price target on shares of DoorDash in a report on Thursday. Evercore set a $300.00 price target on shares of DoorDash in a report on Thursday, February 19th. Sanford C. Bernstein cut their price target on shares of DoorDash from $285.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, February 19th. Finally, Wells Fargo & Company increased their price target on shares of DoorDash from $198.00 to $200.00 and gave the stock an "equal weight" rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.00.

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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