Focus Partners Wealth Acquires Shares of 2,634 DoorDash, Inc. (NASDAQ:DASH)

Focus Partners Wealth acquired a new stake in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,634 shares of the company's stock, valued at approximately $490,000.

Other institutional investors have also modified their holdings of the company. Pittenger & Anderson Inc. bought a new position in shares of DoorDash during the 4th quarter valued at about $29,000. Denver PWM LLC bought a new position in shares of DoorDash during the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC bought a new position in shares of DoorDash during the 4th quarter valued at about $34,000. IFP Advisors Inc lifted its holdings in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock valued at $37,000 after purchasing an additional 54 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock valued at $46,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 90.64% of the company's stock.

DoorDash Stock Performance

DASH traded up $5.28 during trading hours on Friday, reaching $206.15. The company's stock had a trading volume of 4,365,564 shares, compared to its average volume of 4,186,703. DoorDash, Inc. has a 52 week low of $99.32 and a 52 week high of $215.25. The company's 50-day moving average is $187.51 and its 200-day moving average is $183.44. The firm has a market cap of $87.35 billion, a PE ratio of 763.52 and a beta of 1.68.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 1.67% and a net margin of 1.15%. The business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter in the prior year, the business earned ($0.06) EPS. The firm's revenue for the quarter was up 20.7% on a year-over-year basis. Equities analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Activity at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $185.58, for a total value of $3,711,600.00. Following the transaction, the chief operating officer now directly owns 887,348 shares of the company's stock, valued at $164,674,041.84. This represents a 2.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the transaction, the director now directly owns 18,285 shares in the company, valued at approximately $3,313,424.85. This represents a 71.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,612 shares of company stock worth $18,808,326. Company insiders own 5.83% of the company's stock.

Analyst Ratings Changes

DASH has been the topic of several recent analyst reports. Piper Sandler reiterated a "neutral" rating and set a $210.00 price objective (up previously from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Benchmark lifted their target price on DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. UBS Group dropped their target price on DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen raised DoorDash from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, The Goldman Sachs Group lifted their target price on DoorDash from $192.00 to $212.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. According to data from MarketBeat.com, DoorDash has an average rating of "Moderate Buy" and a consensus target price of $209.97.

DoorDash Company Profile

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.