Emerald Advisers LLC Sells 40 Shares of DoorDash, Inc. $DASH

Emerald Advisers LLC cut its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,426 shares of the company’s stock after selling 40 shares during the quarter. Emerald Advisers LLC’s holdings in DoorDash were worth $1,338,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DASH. Brighton Jones LLC lifted its holdings in DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after buying an additional 1,807 shares during the period. GAMMA Investing LLC lifted its holdings in DoorDash by 70.4% during the 1st quarter. GAMMA Investing LLC now owns 1,922 shares of the company’s stock worth $351,000 after buying an additional 794 shares during the period. Oppenheimer & Co. Inc. acquired a new position in DoorDash during the 1st quarter worth about $324,000. KBC Group NV lifted its stake in shares of DoorDash by 6.1% in the 1st quarter. KBC Group NV now owns 53,582 shares of the company’s stock valued at $9,794,000 after purchasing an additional 3,090 shares during the period. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in shares of DoorDash in the 1st quarter valued at about $1,593,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DASH has been the topic of a number of recent analyst reports. Roth Capital boosted their price objective on DoorDash from $191.00 to $225.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Zacks Research raised DoorDash from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Jefferies Financial Group boosted their target price on DoorDash from $265.00 to $280.00 and gave the company a “hold” rating in a research report on Friday, October 17th. Stifel Nicolaus boosted their target price on DoorDash from $214.00 to $239.00 and gave the company a “hold” rating in a research report on Thursday, August 7th. Finally, Citigroup reaffirmed an “outperform” rating on shares of DoorDash in a research report on Thursday, August 7th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $291.88.

DoorDash Price Performance

DoorDash stock opened at $266.06 on Thursday. DoorDash, Inc. has a 12 month low of $152.26 and a 12 month high of $285.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. The business’s 50 day simple moving average is $260.66 and its 200 day simple moving average is $235.04. The company has a market cap of $113.66 billion, a price-to-earnings ratio of 147.81 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.23. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the prior year, the business posted ($0.38) earnings per share. The company’s revenue was up 24.9% on a year-over-year basis. Sell-side analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 24,968 shares of the stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $272.32, for a total value of $6,799,285.76. Following the transaction, the chief operating officer owned 909,579 shares of the company’s stock, valued at $247,696,553.28. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $268.23, for a total value of $12,180,324.30. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 928,114 shares of company stock valued at $232,553,670 in the last ninety days. 5.83% of the stock is owned by insiders.

DoorDash Profile

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.