DoorDash, Inc. $DASH Stock: Diversify Advisory Services LLC Boosts Holdings

Key Points

• Diversify Advisory Services LLC more than doubled its DoorDash stake to 34,249 shares worth approximately $6.3 million. Institutional investors and hedge funds collectively own 90.64% of the stock.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $254.95, although some firms have lowered targets and Barclays downgraded the stock to “Strong Sell.”
• DoorDash reported 35.6% year-over-year revenue growth to $4.45 billion but narrowly missed EPS estimates, while shares opened at $184.45 after a 3.8% decline; insiders also sold roughly $85.9 million of stock during the quarter.

Diversify Advisory Services LLC raised its position in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 121.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,249 shares of the company's stock after purchasing an additional 18,789 shares during the quarter. Diversify Advisory Services LLC's holdings in DoorDash were worth $6,286,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Washington Trust Advisors Inc. boosted its position in shares of DoorDash by 81.0% during the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company's stock worth $26,000 after buying an additional 64 shares during the period. Activest Wealth Management grew its stake in shares of DoorDash by 892.9% in the third quarter. Activest Wealth Management now owns 139 shares of the company's stock valued at $26,000 after buying an additional 125 shares in the last quarter. Clark Wealth Partners raised its holdings in shares of DoorDash by 833.3% in the 3rd quarter. Clark Wealth Partners now owns 196 shares of the company's stock valued at $36,000 after buying an additional 175 shares during the period. CENTRAL TRUST Co raised its holdings in shares of DoorDash by 269.4% in the 1st quarter. CENTRAL TRUST Co now owns 266 shares of the company's stock valued at $40,000 after buying an additional 194 shares during the period. Finally, Ascentis Independent Advisors purchased a new stake in shares of DoorDash in the 1st quarter valued at $55,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: BTIG reaffirmed its “Buy” rating and set a $225 price target, implying substantial upside from the reference price. The call may support investor confidence despite DoorDash’s premium valuation and recent earnings-per-share shortfall. Source: Benzinga.
• Positive Sentiment: DoorDash highlighted leading pizzerias in Chicago, New York, New Jersey and other markets through its national Top Pizza Spots list. The promotion reinforces consumer engagement, restaurant relationships and DoorDash’s brand visibility. Chicago pizzerias named to DoorDash Top Pizza Spots list
• Neutral Sentiment: Articles described customers trying restaurants and menu items available through DoorDash. These stories provide consumer exposure but are unlikely to materially affect revenue or valuation. New York pizzerias on DoorDash list
• Negative Sentiment: Grubhub’s co-founder has returned to compete with DoorDash, while a separate emerging delivery rival is promoting a model designed to eliminate customer fees. Increased price competition could pressure DoorDash’s take rates, promotions and customer retention. Grubhub co-founder challenges DoorDash
• Negative Sentiment: Several reports involved violent attacks on people making DoorDash deliveries, including the death of a driver and the shooting of a teenage relative. Although the incidents were not presented as corporate misconduct, they could renew concerns about courier safety, insurance costs and reputational risk. Reports of violence during DoorDash deliveries
• Negative Sentiment: A separate report said two children were left at a customer’s home instead of a food delivery, adding to unfavorable coverage around delivery-process controls. The direct financial impact appears limited, but repeated incidents may affect trust. Children reportedly left at DoorDash customer’s home

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DASH shares. Roth Capital increased their target price on DoorDash from $200.00 to $220.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. UBS Group reaffirmed a "buy" rating and issued a $295.00 target price on shares of DoorDash in a research report on Tuesday, September 8th. Citigroup reaffirmed a "market outperform" rating on shares of DoorDash in a research report on Wednesday, September 30th. Cantor Fitzgerald cut their price target on shares of DoorDash from $260.00 to $240.00 and set an "overweight" rating on the stock in a research note on Monday, October 12th. Finally, Barclays cut shares of DoorDash from an "equal weight" rating to a "strong sell" rating in a research report on Monday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $254.95.

Insider Activity at DoorDash

In other news, COO Keith Yandell sold 2,183 shares of DoorDash stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $183.69, for a total value of $400,995.27. Following the completion of the transaction, the chief operating officer owned 118,505 shares in the company, valued at approximately $21,768,183.45. This trade represents a 1.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of the business's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $183.69, for a total value of $918,450.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 393,998 shares of company stock worth $85,861,330 over the last quarter. 44.90% of the stock is currently owned by insiders.

DoorDash Stock Down 3.8%

Shares of NASDAQ DASH opened at $184.45 on Thursday. The stock has a market cap of $79.92 billion, a P/E ratio of 96.57 and a beta of 1.90. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12-month low of $143.30 and a 12-month high of $269.00. The business's fifty day simple moving average is $203.54 and its 200-day simple moving average is $184.98.

DoorDash (NASDAQ:DASH - Get Free Report) last released its 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). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.34 billion. During the same quarter last year, the business posted $0.65 earnings per share. The company's revenue for the quarter was up 35.6% on a year-over-year basis. As a group, equities analysts predict that DoorDash, Inc. will post 2.51 EPS for the current fiscal year.

About DoorDash

DoorDash, Inc NASDAQ: DASH operates a local commerce platform that connects consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its website and mobile applications, customers can browse products, place orders for delivery or pickup, and access related services.

The company provides merchants with ordering, delivery, logistics, marketing and payment tools. Its offerings include the DoorDash Marketplace, subscription programs such as DashPass, and delivery infrastructure that merchants can use through services including DoorDash Drive.

Want to see what other hedge funds are holding DASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DoorDash, Inc. (NASDAQ:DASH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.