Sowell Financial Services LLC Purchases New Holdings in DoorDash, Inc. (NASDAQ:DASH)

Sowell Financial Services LLC acquired a new position in DoorDash, Inc. (NASDAQ:DASH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,213 shares of the company's stock, valued at approximately $222,000.

Other institutional investors have also added to or reduced their stakes in the company. Denver PWM LLC bought a new position in shares of DoorDash in the fourth quarter worth about $30,000. IFP Advisors Inc grew its stake in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after acquiring an additional 54 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of DoorDash by 1,452.9% during the first quarter. Rothschild Investment LLC now owns 264 shares of the company's stock valued at $48,000 after acquiring an additional 247 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of DoorDash by 695.6% in the fourth quarter. Larson Financial Group LLC now owns 358 shares of the company's stock valued at $60,000 after purchasing an additional 313 shares during the period. Finally, Summit Securities Group LLC bought a new position in DoorDash in the fourth quarter worth approximately $63,000. Institutional investors own 90.64% of the company's stock.

Insider Activity at DoorDash

In related news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $187.22, for a total value of $266,788.50. Following the completion of the transaction, the chief financial officer now owns 337,430 shares in the company, valued at approximately $63,173,644.60. The trade was a 0.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $185.58, for a total transaction of $3,711,600.00. Following the sale, the chief operating officer now owns 887,348 shares in the company, valued at approximately $164,674,041.84. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 327,559 shares of company stock worth $66,306,707. Company insiders own 5.83% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DASH shares. FBN Securities initiated coverage on DoorDash in a research report on Friday, March 28th. They set an "outperform" rating and a $230.00 target price for the company. KeyCorp decreased their price objective on DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Stifel Nicolaus set a $198.00 price objective on DoorDash and gave the stock a "hold" rating in a research report on Tuesday, June 10th. JMP Securities upped their price target on shares of DoorDash from $225.00 to $235.00 and gave the company a "market outperform" rating in a research note on Thursday, June 12th. Finally, UBS Group reduced their target price on DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $210.21.

DoorDash Price Performance

Shares of DASH stock opened at $220.46 on Monday. The company has a market capitalization of $93.42 billion, a PE ratio of 286.32 and a beta of 1.67. The firm's 50-day moving average is $200.53 and its two-hundred day moving average is $189.43. DoorDash, Inc. has a 12 month low of $99.32 and a 12 month high of $223.81.

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

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