Gunderson Capital Management Inc. Purchases New Holdings in DoorDash, Inc. $DASH

Key Points

• Gunderson Capital Management Inc. acquired 12,770 shares of DoorDash, Inc. valued at approximately $3,148,000, making it the company's 25th largest position, accounting for about 1.3% of its portfolio.
• Several institutional investors, including Brighton Jones LLC and Yousif Capital Management LLC, have increased their stake in DoorDash significantly in recent quarters, with 90.64% of the stock now owned by institutional investors.
• DoorDash's recent earnings report showed a revenue of $3.28 billion, which exceeded expectations, and analysts have set a target price range for the stock between $260.00 and $315.00, indicating a generally positive outlook.

Gunderson Capital Management Inc. purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,770 shares of the company's stock, valued at approximately $3,148,000. DoorDash accounts for about 1.3% of Gunderson Capital Management Inc.'s portfolio, making the stock its 25th largest position.

Several other large investors have also bought and sold shares of DASH. Brighton Jones LLC grew its position in shares of DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after buying an additional 1,807 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in DoorDash in the 1st quarter valued at $249,000. Yousif Capital Management LLC lifted its stake in shares of DoorDash by 803.5% in the first quarter. Yousif Capital Management LLC now owns 40,515 shares of the company's stock valued at $7,405,000 after buying an additional 36,031 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of DoorDash by 70.4% during the first quarter. GAMMA Investing LLC now owns 1,922 shares of the company's stock valued at $351,000 after buying an additional 794 shares during the last quarter. Finally, Integrated Advisors Network LLC bought a new stake in shares of DoorDash during the first quarter worth about $255,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $268.23, for a total value of $12,180,324.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andy Fang sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $268.20, for a total transaction of $8,046,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,001,054 shares of company stock worth $249,511,188 over the last three months. Corporate insiders own 5.83% of the company's stock.

DoorDash Price Performance

Shares of DASH stock opened at $275.44 on Friday. The business's 50 day moving average price is $258.06 and its 200-day moving average price is $226.27. DoorDash, Inc. has a fifty-two week low of $141.76 and a fifty-two week high of $285.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $117.67 billion, a P/E ratio of 153.02 and a beta of 1.71.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.23. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The firm's revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.38) EPS. On average, equities research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DASH. Benchmark upped their price target on DoorDash from $260.00 to $315.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Susquehanna boosted their price target on shares of DoorDash from $235.00 to $300.00 and gave the stock a "positive" rating in a report on Monday, August 11th. UBS Group upped their price objective on shares of DoorDash from $260.00 to $280.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Needham & Company LLC set a $300.00 target price on DoorDash and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, Jefferies Financial Group lifted their price target on shares of DoorDash from $250.00 to $265.00 and gave the stock a "hold" rating in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $275.27.

DoorDash 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.

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