Roberts Capital Advisors LLC Makes New Investment in DoorDash, Inc. (NASDAQ:DASH)

Key Points

• Roberts Capital Advisors LLC recently invested approximately $573,000 in DoorDash, purchasing 3,137 shares during the first quarter.
• Institutional investors collectively own 90.64% of DoorDash's stock, with several firms significantly increasing their stakes in Q1.
• DoorDash reported better-than-expected earnings for the latest quarter, with $0.65 EPS against a forecast of $0.42, and revenues of $3.28 billion, marking a 24.9% year-over-year increase.

Roberts Capital Advisors LLC purchased a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,137 shares of the company's stock, valued at approximately $573,000.

Other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. raised its position in DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company's stock worth $36,000 after acquiring an additional 70 shares during the period. SouthState Corp increased its stake in shares of DoorDash by 762.5% in the first quarter. SouthState Corp now owns 207 shares of the company's stock worth $38,000 after purchasing an additional 183 shares in the last quarter. ORG Partners LLC increased its stake in shares of DoorDash by 404.0% in the first quarter. ORG Partners LLC now owns 252 shares of the company's stock worth $46,000 after purchasing an additional 202 shares in the last quarter. Rothschild Investment LLC increased its stake in shares of DoorDash by 1,452.9% in the first quarter. Rothschild Investment LLC now owns 264 shares of the company's stock worth $48,000 after purchasing an additional 247 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. increased its stake in shares of DoorDash by 150.0% in the first quarter. Mizuho Securities Co. Ltd. now owns 300 shares of the company's stock worth $55,000 after purchasing an additional 180 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insider Transactions at DoorDash

In related news, Director Shona L. Brown sold 1,650 shares of DoorDash stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $272.00, for a total transaction of $448,800.00. Following the completion of the sale, the director owned 41,827 shares in the company, valued at $11,376,944. This trade represents a 3.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $275.74, for a total transaction of $13,787,000.00. Following the sale, the director owned 22,545 shares of the company's stock, valued at $6,216,558.30. The trade was a 68.92% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 686,437 shares of company stock worth $161,070,166. 5.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DASH. Stifel Nicolaus increased their price objective on shares of DoorDash from $214.00 to $239.00 and gave the stock a "hold" rating in a research note on Thursday, August 7th. Royal Bank Of Canada increased their price objective on shares of DoorDash from $230.00 to $300.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Bank of America increased their price objective on shares of DoorDash from $230.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Wells Fargo & Company increased their price objective on shares of DoorDash from $239.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 7th. Finally, Loop Capital reissued a "buy" rating on shares of DoorDash in a research note on Tuesday, July 15th. Thirteen research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of "Moderate Buy" and an average target price of $263.88.

DoorDash Price Performance

DoorDash stock opened at $248.00 on Friday. The firm has a 50-day moving average price of $239.89 and a 200-day moving average price of $208.92. The firm has a market capitalization of $105.95 billion, a PE ratio of 137.78 and a beta of 1.70. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash, Inc. has a 12-month low of $122.32 and a 12-month high of $278.15.

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

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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