Interchange Capital Partners LLC Invests $343,000 in DoorDash, Inc. (NASDAQ:DASH)

Interchange Capital Partners LLC acquired a new stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,879 shares of the company's stock, valued at approximately $343,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DASH. Brighton Jones LLC lifted its stake in 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 purchasing an additional 1,807 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in DoorDash by 36.2% in the 4th quarter. Jones Financial Companies Lllp now owns 1,926 shares of the company's stock valued at $323,000 after purchasing an additional 512 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in 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 last quarter. Assetmark Inc. lifted its stake in DoorDash by 149.9% in the 4th quarter. Assetmark Inc. now owns 8,793 shares of the company's stock valued at $1,475,000 after purchasing an additional 5,274 shares during the last quarter. Finally, Atria Investments Inc lifted its stake in DoorDash by 9.2% in the 4th quarter. Atria Investments Inc now owns 11,612 shares of the company's stock valued at $1,948,000 after purchasing an additional 977 shares during the last quarter. Institutional investors own 90.64% of the company's stock.

DoorDash Price Performance

DASH opened at $246.89 on Tuesday. The firm has a market capitalization of $104.62 billion, a P/E ratio of 320.64 and a beta of 1.70. DoorDash, Inc. has a fifty-two week low of $99.32 and a fifty-two week high of $248.74. The company's 50-day moving average is $213.14 and its 200 day moving average is $194.42.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The company's revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) earnings per share. On average, equities research analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DASH. Morgan Stanley dropped their price target on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. BMO Capital Markets reaffirmed an "outperform" rating on shares of DoorDash in a research note on Tuesday, April 29th. UBS Group dropped their price target on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Evercore ISI reaffirmed an "outperform" rating on shares of DoorDash in a research note on Monday, March 10th. Finally, Citigroup reaffirmed an "outperform" rating on shares of DoorDash in a research note on Thursday, June 12th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, DoorDash has a consensus rating of "Moderate Buy" and an average price target of $220.53.

Insider Activity at DoorDash

In other news, Director Andy Fang sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $217.52, for a total value of $6,525,600.00. Following the completion of the sale, the director directly owned 22,545 shares in the company, valued at approximately $4,903,988.40. The trade was a 57.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 44,244 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $220.71, for a total transaction of $9,765,093.24. Following the sale, the chief executive officer owned 520,450 shares of the company's stock, valued at $114,868,519.50. This represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 427,781 shares of company stock valued at $94,277,848 in the last quarter. 5.83% of the stock is currently owned by company insiders.

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.

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