DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang Sells 1,855 Shares of Stock

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 1,855 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $315,312.90. Following the sale, the director now directly owns 35,413 shares in the company, valued at $6,019,501.74. This represents a 4.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

DoorDash Price Performance

Shares of DASH stock opened at $177.24 on Friday. DoorDash, Inc. has a 1-year low of $92.56 and a 1-year high of $178.16. The business’s fifty day moving average price is $153.61 and its 200 day moving average price is $128.87. The firm has a market capitalization of $73.63 billion, a PE ratio of -393.87, a P/E/G ratio of 13.31 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter last year, the business earned ($0.19) earnings per share. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. Equities research analysts expect that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DoorDash

A number of institutional investors and hedge funds have recently modified their holdings of the company. Rakuten Securities Inc. increased its position in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of DoorDash in the 2nd quarter worth $32,000. Meeder Asset Management Inc. grew its holdings in shares of DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after purchasing an additional 132 shares during the period. Versant Capital Management Inc increased its position in shares of DoorDash by 340.8% in the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 259 shares in the last quarter. Finally, Quest Partners LLC boosted its position in DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after purchasing an additional 204 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of research reports. DA Davidson increased their target price on shares of DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Redburn Atlantic started coverage on DoorDash in a report on Friday, July 26th. They issued a “buy” rating and a $170.00 target price for the company. Susquehanna upped their price target on DoorDash from $140.00 to $180.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Truist Financial lifted their price objective on DoorDash from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, KeyCorp raised their target price on shares of DoorDash from $177.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $164.03.

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.