Independent Financial Group LLC Invests $1.40 Million in DoorDash, Inc. $DASH

Independent Financial Group LLC purchased a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,301 shares of the company’s stock, valued at approximately $1,397,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Eastern Bank grew its position in DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. MV Capital Management Inc. purchased a new position in shares of DoorDash during the 4th quarter worth $26,000. Swiss RE Ltd. purchased a new position in shares of DoorDash during the 4th quarter worth $28,000. ST Germain D J Co. Inc. bought a new stake in shares of DoorDash during the 4th quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of DoorDash during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

NASDAQ DASH opened at $184.14 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The business has a 50 day simple moving average of $169.76 and a two-hundred day simple moving average of $177.30. The stock has a market capitalization of $80.23 billion, a PE ratio of 87.69 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the firm posted $0.44 EPS. The business’s quarterly revenue was up 33.1% on a year-over-year basis. On average, research analysts predict that DoorDash, Inc. will post 2.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Moffett Nathanson set a $276.00 price objective on DoorDash in a research note on Wednesday, April 15th. Rothschild & Co Redburn set a $350.00 price objective on DoorDash in a research note on Tuesday, May 12th. Wells Fargo & Company reduced their target price on shares of DoorDash from $200.00 to $199.00 and set an “equal weight” rating for the company in a report on Monday, July 6th. TD Cowen restated a “buy” rating on shares of DoorDash in a research note on Wednesday. Finally, BTIG Research lowered their price target on shares of DoorDash from $280.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $252.89.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Wedbush initiated coverage on DoorDash with a neutral rating and a $205 price target, implying upside from current levels and signaling Wall Street still sees value in the stock. Benzinga report on Wedbush coverage
• Positive Sentiment: DoorDash unveiled new developer-focused tools, including the dd-cli AI command-line tool for macOS, and also said it will let AI agents place real food orders, which could broaden usage and highlight the company’s push into AI-enabled commerce. TechCrunch article Yahoo Finance article
• Neutral Sentiment: DoorDash is also being mentioned in stories about robots on New Mexico roads and a DoorDash “index” on burger prices in California; these are more business-interest and brand-awareness items than direct stock drivers. Yahoo News article on robots Yahoo Finance article on DoorDash index
• Negative Sentiment: A new lawsuit seeking $25 million claims DoorDash allowed an unlicensed driver to make deliveries, adding to liability and regulatory risk around its delivery network. Daily Press lawsuit article
• Negative Sentiment: Uber’s planned Delivery Hero acquisition is fueling competition concerns, with some coverage saying the deal could make Uber the world’s largest food-delivery player outside China and strengthen a major rival to DoorDash. Business Insider article Zacks article

Insiders Place Their Bets

In related news, Director Stanley Tang sold 23,125 shares of DoorDash stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $191.19, for a total transaction of $4,421,268.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 21,739 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total value of $3,374,979.75. Following the completion of the sale, the chief operating officer owned 959,076 shares of the company’s stock, valued at $148,896,549. The trade was a 2.22% 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. Insiders have sold 74,927 shares of company stock valued at $13,241,532 over the last quarter. Corporate insiders own 5.83% of the company’s stock.

About DoorDash

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.