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 company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $222.33, for a total value of $277,912.50. Following the completion of the sale, the director directly owned 33,502 shares of the company’s stock, valued at approximately $7,448,499.66. This trade represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

DoorDash Trading Up 1.2%

DASH opened at $217.40 on Wednesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The business’s 50 day moving average is $216.71 and its two-hundred day moving average is $241.05. The firm has a market cap of $93.70 billion, a price-to-earnings ratio of 110.36 and a beta of 1.70.

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

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after acquiring an additional 1,807 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of DoorDash by 21.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after purchasing an additional 303 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of DoorDash by 3.6% in the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after purchasing an additional 285 shares during the period. Focus Partners Wealth lifted its stake in shares of DoorDash by 251.6% in the first quarter. Focus Partners Wealth now owns 9,261 shares of the company’s stock valued at $1,693,000 after purchasing an additional 6,627 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in DoorDash by 215.5% during the first quarter. Voya Investment Management LLC now owns 83,640 shares of the company’s stock worth $15,287,000 after buying an additional 57,130 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DASH. Wells Fargo & Company raised their price target on DoorDash from $239.00 to $251.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Mizuho decreased their price objective on DoorDash from $350.00 to $320.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Truist Financial boosted their target price on DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. KeyCorp restated an “overweight” rating and set a $280.00 price target on shares of DoorDash in a research note on Friday, November 21st. Finally, Benchmark lifted their price objective on shares of DoorDash from $315.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $277.94.

Read Our Latest Stock Report on DASH

About DoorDash

(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.

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

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