DoorDash (NASDAQ:DASH) Director Sells $4,421,268.75 in Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 23,125 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $191.19, for a total transaction of $4,421,268.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Stock Up 1.6%

NASDAQ:DASH opened at $192.35 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The firm’s 50-day moving average price is $167.31 and its 200-day moving average price is $179.18. The company has a market capitalization of $83.81 billion, a PE ratio of 91.60 and a beta of 1.78. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the company posted $0.44 EPS. DoorDash’s revenue was up 33.1% on a year-over-year basis. On average, equities analysts predict that DoorDash, Inc. will post 2.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in DoorDash by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 43,426,479 shares of the company’s stock valued at $9,835,229,000 after buying an additional 713,571 shares during the period. SC US Ttgp LTD. raised its stake in DoorDash by 1.6% in the fourth quarter. SC US Ttgp LTD. now owns 31,686,624 shares of the company’s stock valued at $7,176,387,000 after buying an additional 506,358 shares during the last quarter. Morgan Stanley raised its position in shares of DoorDash by 2.3% in the 4th quarter. Morgan Stanley now owns 17,536,824 shares of the company’s stock valued at $3,971,741,000 after purchasing an additional 391,596 shares during the last quarter. State Street Corp raised its holdings in shares of DoorDash by 3.0% in the fourth quarter. State Street Corp now owns 15,761,072 shares of the company’s stock worth $3,569,568,000 after buying an additional 464,448 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in DoorDash by 32.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock worth $3,161,234,000 after acquiring an additional 3,447,754 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

DASH has been the subject of several recent analyst reports. Moffett Nathanson set a $276.00 target price on shares of DoorDash in a report on Wednesday, April 15th. Truist Financial lowered their target price on DoorDash from $340.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. The Goldman Sachs Group set a $280.00 price target on shares of DoorDash in a research note on Thursday, May 7th. Susquehanna cut their price objective on DoorDash from $250.00 to $225.00 and set a “positive” rating for the company in a research note on Friday, May 8th. Finally, UBS Group increased their price target on DoorDash from $206.00 to $214.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.08.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.