DoorDash, Inc. $DASH Stock Holdings Raised by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. boosted its stake in DoorDash, Inc. (NASDAQ:DASH) by 59.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,625 shares of the company’s stock after purchasing an additional 5,092 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in DoorDash were worth $2,501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Keybank National Association OH increased its position in DoorDash by 2,914.8% in the 3rd quarter. Keybank National Association OH now owns 160,962 shares of the company’s stock valued at $29,545,000 after buying an additional 155,623 shares in the last quarter. New York Life Investment Management LLC raised its stake in DoorDash by 391.2% during the 3rd quarter. New York Life Investment Management LLC now owns 259,271 shares of the company’s stock worth $47,589,000 after buying an additional 206,484 shares during the period. 71 West Capital Partners boosted its holdings in DoorDash by 807.9% in the third quarter. 71 West Capital Partners now owns 10,123 shares of the company’s stock worth $1,858,000 after acquiring an additional 9,008 shares in the last quarter. Nemes Rush Group LLC boosted its holdings in DoorDash by 18.7% in the third quarter. Nemes Rush Group LLC now owns 1,899 shares of the company’s stock worth $329,000 after acquiring an additional 299 shares in the last quarter. Finally, Fairscale Capital LLC boosted its holdings in DoorDash by 128.6% in the third quarter. Fairscale Capital LLC now owns 144 shares of the company’s stock worth $25,000 after acquiring an additional 81 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Performance

Shares of DASH stock opened at $178.26 on Thursday. The firm has a 50-day moving average of $190.24 and a 200-day moving average of $182.09. The company has a market cap of $77.72 billion, a P/E ratio of 73.66, a P/E/G ratio of 1.47 and a beta of 1.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.46 and a quick ratio of 1.46. DoorDash, Inc. has a one year low of $143.30 and a one year high of $239.00.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.25. DoorDash had a net margin of 6.23% and a return on equity of 10.40%. The company had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same period last year, the firm earned $0.55 earnings per share. The firm’s revenue was up 34.0% on a year-over-year basis. Equities research analysts forecast that DoorDash, Inc. will post 2.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on DASH shares. TD Cowen reissued a “buy” rating on shares of DoorDash in a research note on Tuesday, October 27th. Scotiabank lowered their target price on DoorDash from $275.00 to $235.00 and set a “sector outperform” rating on the stock in a research report on Friday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of DoorDash in a report on Wednesday, November 4th. Benchmark increased their target price on DoorDash from $270.00 to $295.00 in a report on Thursday, August 6th. Finally, Wedbush raised shares of DoorDash from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $220.00 to $230.00 in a research report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $249.82.

Key Stories Impacting DoorDash

Here are a few of the latest stories about DASH:

• Neutral Sentiment: Reports say AI agents have generated only a small number of food and ride orders on platforms such as DoorDash, suggesting limited near-term impact from this potential ordering channel. Almost nobody uses AI agents to order food or rides on apps like Uber
• Negative Sentiment: An analysis argues DASH looks overvalued after a major three-year run. Valuation concerns could constrain investor appetite, particularly with shares trading below their recent moving averages. DoorDash Stock Looks Overvalued Following Its 90% Three Year Run
• Negative Sentiment: A report describes a company seeking to compete with DoorDash and Uber Eats using their own delivery workers, underscoring ongoing competitive pressure; the article provides no evidence of a material near-term effect on DoorDash. This CEO wants to take on DoorDash and Uber Eats using their own delivery workers

Insider Transactions at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 1,017 shares of DoorDash stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $195.00, for a total transaction of $198,315.00. Following the transaction, the chief financial officer owned 217,911 shares of the company’s stock, valued at $42,492,645. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 8,738 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $180.85, for a total value of $1,580,267.30. Following the completion of the transaction, the chief operating officer owned 921,473 shares in the company, valued at $166,648,392.05. The trade was a 0.94% decrease in their position. 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. In the last 90 days, insiders have sold 349,430 shares of company stock worth $76,644,002. Company insiders own 44.90% of the company’s stock.

About DoorDash

DoorDash, Inc. operates a local commerce platform that connects consumers with restaurants and other merchants, as well as with independent delivery workers. Through its app and website, customers can order restaurant meals, groceries, convenience items and products from other local retailers for delivery or pickup. The company also provides services for merchants, including tools for online ordering, marketing and fulfillment. Its offerings include DoorDash Drive, which provides delivery logistics for merchants’ own orders, and DashPass, a subscription program for eligible orders.