Sapient Capital LLC Takes Position in DoorDash, Inc. $DASH

Sapient Capital LLC bought a new stake in DoorDash, Inc. (NASDAQ:DASH) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,969 shares of the company’s stock, valued at approximately $732,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. MV Capital Management Inc. acquired a new stake in DoorDash during the fourth quarter worth $26,000. Swiss RE Ltd. acquired a new position in shares of DoorDash in the 4th quarter valued at $28,000. ST Germain D J Co. Inc. bought a new position in shares of DoorDash during the 4th quarter worth about $29,000. Kemnay Advisory Services Inc. bought a new position in shares of DoorDash during the 4th quarter worth about $32,000. Finally, Sunbelt Securities Inc. lifted its holdings in shares of DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after acquiring an additional 67 shares during the period. 90.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DASH has been the topic of a number of analyst reports. Wedbush assumed coverage on shares of DoorDash in a research note on Thursday, July 16th. They issued a “neutral” rating and a $205.00 target price on the stock. Susquehanna raised their price target on shares of DoorDash from $225.00 to $250.00 and gave the stock a “positive” rating in a research note on Friday. Jefferies Financial Group lifted their price objective on DoorDash from $220.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Piper Sandler reiterated a “neutral” rating and issued a $220.00 price objective (up from $205.00) on shares of DoorDash in a research note on Thursday. Finally, KeyCorp dropped their target price on DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Twenty-three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $254.09.

DoorDash Price Performance

DoorDash stock opened at $209.86 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $91.44 billion, a P/E ratio of 109.87 and a beta of 1.78. The business’s fifty day moving average is $181.55 and its two-hundred day moving average is $174.59. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the business posted $0.65 earnings per share. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. Equities research analysts forecast that DoorDash, Inc. will post 2.5 earnings per share for the current fiscal year.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash is expanding beyond restaurant delivery by enabling customers to order original-equipment vehicle parts through its platform. The initiative could broaden the company’s addressable market and increase order frequency. You Can Now DoorDash OE Car Parts Like Ordering Pizza
• Positive Sentiment: Unusual options activity showed investors purchasing 24,870 DASH call options, more than double the average volume. While not a fundamental catalyst, the activity indicates increased bullish speculation.
• Positive Sentiment: Technical analysis remains favorable: second-quarter revenue rose 36% year over year to $4.45 billion, while the stock reportedly trades above a rising long-term moving average and has attracted institutional buying. DoorDash Is Expected To Deliver Shareholders Profits
• Positive Sentiment: BTIG and Needham reiterated Buy ratings, while another report raised DoorDash’s price target to $260, supporting the bullish analyst view. DoorDash Price Target Raised
• Neutral Sentiment: A profile of DoorDash’s growth highlights continued business momentum but also rising expenses. The combination suggests investors may require evidence that revenue growth can translate into expanding margins. DoorDash Powers Through Growth With Costs Rising Too
• Negative Sentiment: DoorDash’s valuation remains a concern: the stock carries a high earnings multiple, and its latest quarterly EPS slightly missed consensus despite exceeding revenue expectations. This leaves the shares vulnerable if growth or profitability disappoints.
• Negative Sentiment: Several recent reports involving delivery delays, tipping disputes, and alleged driver misconduct could create reputational risk, although these isolated incidents are unlikely to materially affect fundamentals. Houston DoorDash Delivery Complaint

Insider Activity

In other DoorDash news, Director Andy Fang sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $180.00, for a total value of $900,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 67,693 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $200.63, for a total transaction of $13,581,246.59. Following the completion of the transaction, the director directly owned 40,218 shares of the company’s stock, valued at approximately $8,068,937.34. This represents a 62.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 142,620 shares of company stock worth $26,822,778. 5.28% of the stock is currently owned by insiders.

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.