DoorDash (NASDAQ:DASH) Director Shona Brown Sells 1,250 Shares

DoorDash, Inc. (NASDAQ:DASHGet Free Report) Director Shona Brown sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $181.28, for a total value of $226,600.00. Following the sale, the director directly owned 32,252 shares of the company’s stock, valued at $5,846,642.56. This represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

DoorDash Trading Down 5.5%

Shares of DoorDash stock traded down $10.17 on Wednesday, reaching $175.47. 6,045,901 shares of the company’s stock were exchanged, compared to its average volume of 4,393,599. The company has a market capitalization of $75.63 billion, a P/E ratio of 89.07 and a beta of 1.77. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The firm’s 50-day moving average is $216.69 and its two-hundred day moving average is $235.58.

Analysts Set New Price Targets

Several brokerages have recently commented on DASH. Oppenheimer restated an “outperform” rating and issued a $280.00 target price on shares of DoorDash in a research note on Thursday, November 6th. Bank of America reduced their price objective on DoorDash from $325.00 to $305.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. DA Davidson reaffirmed a “neutral” rating and set a $260.00 target price on shares of DoorDash in a research report on Thursday, November 6th. Benchmark increased their target price on DoorDash from $315.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Wall Street Zen lowered shares of DoorDash from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and a consensus target price of $279.09.

Check Out Our Latest Stock Analysis on DASH

More DoorDash News

Here are the key news stories impacting DoorDash this week:

Hedge Funds Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently modified their holdings of DASH. Gilbert & Cook Inc. boosted its position in DoorDash by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after purchasing an additional 42 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of DoorDash by 3.5% in the 3rd quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock worth $334,000 after buying an additional 42 shares during the last quarter. Premier Path Wealth Partners LLC grew its position in DoorDash by 1.9% during the third quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock valued at $657,000 after buying an additional 45 shares during the period. Advisory Resource Group increased its holdings in DoorDash by 0.8% during the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock worth $1,423,000 after buying an additional 48 shares during the last quarter. Finally, Quotient Wealth Partners LLC raised its position in DoorDash by 3.2% in the third quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock worth $418,000 after acquiring an additional 48 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for DoorDash (NASDAQ:DASH)

Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.