Andy Fang Sells 25,000 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 25,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $204.95, for a total value of $5,123,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Andy Fang also recently made the following trade(s):

• On Monday, November 3rd, Andy Fang sold 30,000 shares of DoorDash stock. The stock was sold at an average price of $244.39, for a total transaction of $7,331,700.00.
• On Wednesday, October 1st, Andy Fang sold 30,000 shares of DoorDash stock. The shares were sold at an average price of $268.20, for a total transaction of $8,046,000.00.

DoorDash Stock Performance

DoorDash stock traded up $5.50 during midday trading on Wednesday, reaching $222.48. 7,353,261 shares of the company traded hands, compared to its average volume of 4,652,457. DoorDash, Inc. has a 12 month low of $155.40 and a 12 month high of $285.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The business has a 50 day moving average of $239.62 and a two-hundred day moving average of $238.96. The firm has a market capitalization of $95.89 billion, a price-to-earnings ratio of 112.93 and a beta of 1.72.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. DoorDash’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. As a group, research analysts predict that DoorDash, Inc. will post 2.22 earnings per share for the current year.

Institutional Investors Weigh In On DoorDash

Institutional investors and hedge funds have recently bought and sold shares of the business. Saudi Central Bank purchased a new stake in shares of DoorDash during the first quarter worth about $25,000. WPG Advisers LLC bought a new position in DoorDash in the 1st quarter worth approximately $26,000. Physician Wealth Advisors Inc. grew its holdings in DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after buying an additional 71 shares in the last quarter. Pacific Center for Financial Services bought a new stake in shares of DoorDash during the first quarter valued at approximately $27,000. Finally, GFG Capital LLC purchased a new position in shares of DoorDash in the second quarter worth $30,000. 90.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DASH shares. Royal Bank Of Canada lowered their target price on DoorDash from $300.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. BTIG Research reiterated a “buy” rating and issued a $315.00 price objective on shares of DoorDash in a research note on Thursday, November 6th. Mizuho dropped their price objective on shares of DoorDash from $350.00 to $320.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Benchmark upped their target price on shares of DoorDash from $315.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of DoorDash in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $275.62.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.