Kesler Norman & Wride LLC Makes New Investment in DoorDash, Inc. $DASH

Kesler Norman & Wride LLC purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,303 shares of the company’s stock, valued at approximately $974,000.

A number of other institutional investors have also modified their holdings of the company. Physician Wealth Advisors Inc. raised its stake in shares of DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares in the last quarter. Eastern Bank boosted its stake in DoorDash by 714.3% in the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in DoorDash in the fourth quarter valued at approximately $29,000. Sunbelt Securities Inc. grew its holdings in DoorDash by 124.1% in the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in DoorDash in the third quarter worth $36,000. 90.64% of the stock is currently owned by institutional investors.

DoorDash Price Performance

Shares of DASH opened at $154.58 on Thursday. 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 company’s fifty day moving average price is $162.22 and its 200-day moving average price is $186.38. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The firm has a market capitalization of $67.35 billion, a PE ratio of 73.61 and a beta of 1.83.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the business posted $0.44 EPS. The firm’s quarterly revenue was up 33.1% on a year-over-year basis. On average, equities research analysts predict that DoorDash, Inc. will post 2.45 EPS for the current year.

Insiders Place Their Bets

In related news, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $176.61, for a total transaction of $220,762.50. Following the completion of the sale, the director owned 31,002 shares of the company’s stock, valued at $5,475,263.22. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Keith Yandell sold 2,643 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total value of $410,563.62. Following the completion of the sale, the insider owned 81,106 shares in the company, valued at approximately $12,599,006.04. This represents a 3.16% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 69,808 shares of company stock valued at $11,135,403. Insiders own 5.83% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on DASH shares. Citigroup decreased their price objective on DoorDash from $280.00 to $250.00 and set a “buy” rating for the company in a report on Friday, May 8th. Susquehanna reduced their target price on DoorDash from $250.00 to $225.00 and set a “positive” rating on the stock in a research report on Friday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price target on shares of DoorDash in a research note on Thursday, May 7th. Citizens Jmp lowered their price target on DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a report on Friday, February 20th. Finally, Moffett Nathanson set a $276.00 price target on DoorDash in a research note on Wednesday, April 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.58.

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.