Impax Asset Management Group plc Makes New $1.63 Million Investment in DoorDash, Inc. (NASDAQ:DASH)

Impax Asset Management Group plc bought a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,890 shares of the company's stock, valued at approximately $1,625,000.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC increased its position in shares of DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after purchasing an additional 1,807 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in DoorDash by 36.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,926 shares of the company's stock worth $323,000 after buying an additional 512 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of DoorDash by 66.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,242 shares of the company's stock valued at $208,000 after purchasing an additional 495 shares during the period. GAMMA Investing LLC increased its position in DoorDash by 70.4% during the first quarter. GAMMA Investing LLC now owns 1,922 shares of the company's stock worth $351,000 after buying an additional 794 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its position in shares of DoorDash by 14.4% in the first quarter. Flagship Harbor Advisors LLC now owns 1,636 shares of the company's stock valued at $299,000 after buying an additional 206 shares during the last quarter. Institutional investors own 90.64% of the company's stock.

Insiders Place Their Bets

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $240.69, for a total value of $10,929,732.90. Following the completion of the sale, the director directly owned 26,070 shares in the company, valued at approximately $6,274,788.30. This trade represents a 63.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 20,000 shares of DoorDash stock in a transaction on Monday, June 30th. The shares were sold at an average price of $247.00, for a total transaction of $4,940,000.00. Following the completion of the sale, the chief financial officer directly owned 245,530 shares of the company's stock, valued at approximately $60,645,910. This trade represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 427,781 shares of company stock valued at $94,277,848 in the last 90 days. Company insiders own 5.83% of the company's stock.

Wall Street Analyst Weigh In

DASH has been the topic of several research reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $230.00 price objective on shares of DoorDash in a report on Wednesday, May 7th. DA Davidson increased their price objective on DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Roth Capital set a $191.00 target price on shares of DoorDash and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Raymond James Financial raised shares of DoorDash from an "outperform" rating to a "strong-buy" rating and raised their price target for the stock from $215.00 to $260.00 in a research report on Monday, June 23rd. Finally, JMP Securities raised their target price on shares of DoorDash from $225.00 to $235.00 and gave the stock a "market outperform" rating in a report on Thursday, June 12th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $220.53.

DoorDash Stock Performance

Shares of NASDAQ DASH traded up $8.10 during midday trading on Monday, reaching $246.89. The stock had a trading volume of 5,708,387 shares, compared to its average volume of 4,249,592. The company's 50 day moving average price is $211.96 and its 200 day moving average price is $193.89. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $248.74. The firm has a market cap of $104.62 billion, a price-to-earnings ratio of 310.12 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. The business had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The business's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. Equities analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

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.