Friedenthal Financial Invests $769,000 in DoorDash, Inc. (NASDAQ:DASH)

Friedenthal Financial acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,586 shares of the company's stock, valued at approximately $769,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wedmont Private Capital grew its position in shares of DoorDash by 4.0% during the 4th quarter. Wedmont Private Capital now owns 5,578 shares of the company's stock worth $949,000 after buying an additional 215 shares during the period. ORG Wealth Partners LLC bought a new position in DoorDash during the 4th quarter worth approximately $36,000. Franklin Street Advisors Inc. NC acquired a new position in DoorDash during the fourth quarter valued at approximately $298,000. Wealth Enhancement Advisory Services LLC increased its stake in DoorDash by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company's stock valued at $1,970,000 after purchasing an additional 84 shares in the last quarter. Finally, Fulton Bank N.A. raised its holdings in DoorDash by 6.3% in the fourth quarter. Fulton Bank N.A. now owns 3,197 shares of the company's stock worth $536,000 after purchasing an additional 190 shares during the period. Institutional investors own 90.64% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DASH shares. UBS Group increased their price target on DoorDash from $143.00 to $160.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. Jefferies Financial Group raised their target price on shares of DoorDash from $155.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Wells Fargo & Company upped their price target on shares of DoorDash from $127.00 to $142.00 and gave the company an "equal weight" rating in a report on Friday, October 4th. Barclays raised their price objective on shares of DoorDash from $120.00 to $163.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Finally, Benchmark upped their target price on shares of DoorDash from $152.00 to $173.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, DoorDash currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.30.

Insider Activity

In other DoorDash news, COO Prabir Adarkar sold 32,124 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the transaction, the chief operating officer now owns 963,094 shares in the company, valued at $142,528,281.06. This trade represents a 3.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tony Xu sold 108,334 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $180.07, for a total value of $19,507,703.38. Following the sale, the chief executive officer now owns 1,500 shares of the company's stock, valued at approximately $270,105. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,032,694 shares of company stock valued at $177,406,286. 7.92% of the stock is owned by insiders.

DoorDash Trading Down 1.0 %

Shares of NASDAQ:DASH traded down $1.75 on Monday, hitting $168.37. The company had a trading volume of 1,862,636 shares, compared to its average volume of 2,353,348. The stock has a market cap of $69.94 billion, a price-to-earnings ratio of -374.16, a P/E/G ratio of 13.46 and a beta of 1.70. The stock has a 50 day moving average price of $173.31 and a 200 day moving average price of $144.48. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $181.78.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. DoorDash's quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.19) EPS. Sell-side analysts anticipate that DoorDash, Inc. will post 0.26 earnings per share for the current fiscal year.

DoorDash Company 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.