TimesSquare Capital Management LLC Raises Holdings in DoorDash, Inc. (NASDAQ:DASH)

TimesSquare Capital Management LLC boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 447,665 shares of the company’s stock after acquiring an additional 26,020 shares during the quarter. TimesSquare Capital Management LLC owned 0.11% of DoorDash worth $63,895,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DASH. Brighton Jones LLC boosted its stake in shares of DoorDash by 0.8% during the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock worth $1,122,000 after acquiring an additional 82 shares in the last quarter. Everhart Financial Group Inc. grew its holdings in DoorDash by 3.1% in the second quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock valued at $355,000 after purchasing an additional 99 shares during the period. E Fund Management Co. Ltd. grew its holdings in DoorDash by 3.5% in the second quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock valued at $355,000 after purchasing an additional 111 shares during the period. SJS Investment Consulting Inc. increased its position in shares of DoorDash by 21.0% in the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock valued at $73,000 after buying an additional 117 shares in the last quarter. Finally, Meeder Advisory Services Inc. raised its stake in shares of DoorDash by 4.4% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,006 shares of the company’s stock worth $414,000 after buying an additional 126 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Trading Up 0.5 %

DASH stock opened at $171.40 on Friday. The company has a market capitalization of $71.20 billion, a PE ratio of -380.89, a P/E/G ratio of 14.27 and a beta of 1.67. DoorDash, Inc. has a 12-month low of $83.58 and a 12-month high of $172.18. The business’s fifty day moving average price is $144.18 and its 200 day moving average price is $125.43.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. Research analysts predict that DoorDash, Inc. will post 0.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the transaction, the director now owns 18,089 shares in the company, valued at approximately $2,355,187.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the completion of the sale, the director now directly owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 54,166 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total value of $7,586,489.96. The disclosure for this sale can be found here. Insiders have sold a total of 324,539 shares of company stock worth $46,439,330 in the last quarter. 7.92% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DASH shares. Wells Fargo & Company lifted their price target on shares of DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. Royal Bank of Canada lifted their target price on shares of DoorDash from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Argus assumed coverage on shares of DoorDash in a research report on Tuesday, July 23rd. They set a “hold” rating for the company. JMP Securities lifted their price objective on DoorDash from $160.00 to $190.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Finally, Piper Sandler boosted their price objective on DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a research note 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.12.

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.