Yousif Capital Management LLC Buys 36,031 Shares of DoorDash, Inc. (NASDAQ:DASH)

Yousif Capital Management LLC increased its stake in DoorDash, Inc. (NASDAQ:DASH - Free Report) by 803.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,515 shares of the company's stock after purchasing an additional 36,031 shares during the period. Yousif Capital Management LLC's holdings in DoorDash were worth $7,405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. GeoWealth Management LLC lifted its stake in shares of DoorDash by 3.7% in the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock valued at $240,000 after purchasing an additional 51 shares during the period. IFP Advisors Inc increased its position in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the last quarter. Avestar Capital LLC increased its position in shares of DoorDash by 1.1% during the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock worth $1,110,000 after purchasing an additional 75 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of DoorDash by 5.5% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,661 shares of the company's stock worth $279,000 after buying an additional 86 shares during the period. Finally, LVW Advisors LLC increased its stake in DoorDash by 6.1% during the 1st quarter. LVW Advisors LLC now owns 1,495 shares of the company's stock worth $273,000 after buying an additional 86 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DASH has been the subject of several analyst reports. KeyCorp lowered their price objective on DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Evercore ISI reiterated an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. Royal Bank of Canada reissued an "outperform" rating and set a $230.00 price objective on shares of DoorDash in a research report on Wednesday, May 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $210.00 price objective on shares of DoorDash in a research note on Wednesday, May 7th. Finally, Citigroup reaffirmed an "outperform" rating on shares of DoorDash in a research report on Monday, April 28th. Eleven research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and a consensus price target of $210.21.

Insider Transactions at DoorDash

In related news, COO Prabir Adarkar sold 62,267 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $202.67, for a total value of $12,619,652.89. Following the completion of the sale, the chief operating officer now owns 942,554 shares in the company, valued at approximately $191,027,419.18. This trade represents a 6.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Tia Sherringham sold 7,546 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $204.56, for a total value of $1,543,609.76. Following the sale, the general counsel now owns 129,514 shares in the company, valued at approximately $26,493,383.84. This represents a 5.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 298,030 shares of company stock valued at $59,433,406 in the last three months. Corporate insiders own 5.83% of the company's stock.

DoorDash Stock Performance

NASDAQ:DASH traded up $1.29 during trading hours on Friday, hitting $217.89. 1,696,137 shares of the company's stock traded hands, compared to its average volume of 4,194,075. The stock's fifty day moving average price is $195.44 and its two-hundred day moving average price is $187.51. The firm has a market cap of $92.33 billion, a P/E ratio of 807.45 and a beta of 1.67. DoorDash, Inc. has a twelve month low of $99.32 and a twelve month high of $220.88.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the firm earned ($0.06) earnings per share. The firm's revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts predict that DoorDash, Inc. will post 2.22 earnings per share 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.