DoorDash, Inc. (NASDAQ:DASH - Get Free Report) shares were down 2.6% on Tuesday following insider selling activity. The stock traded as low as $126.90 and last traded at $127.42. Approximately 728,063 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 3,941,420 shares. The stock had previously closed at $130.87.
Specifically, Director Andy Fang sold 50,000 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the completion of the transaction, the director now owns 18,089 shares of the company's stock, valued at $2,355,187.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Argus initiated coverage on shares of DoorDash in a research report on Tuesday, July 23rd. They issued a "hold" rating on the stock. Morgan Stanley raised their target price on shares of DoorDash from $145.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Oppenheimer upped their price target on DoorDash from $125.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their target price on DoorDash from $111.00 to $137.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Finally, Roth Mkm upped their target price on DoorDash from $118.00 to $124.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.57.
Check Out Our Latest Research Report on DoorDash
DoorDash Stock Down 0.8 %
The stock has a market cap of $53.11 billion, a P/E ratio of -120.26, a price-to-earnings-growth ratio of 275.59 and a beta of 1.69. The firm's 50-day moving average is $119.09 and its two-hundred day moving average is $121.32.
DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.29). The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The firm's revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.44) EPS. Analysts anticipate that DoorDash, Inc. will post 0.01 earnings per share for the current fiscal year.
Institutional Trading of DoorDash
Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in DoorDash by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company's stock worth $2,897,823,000 after purchasing an additional 2,259,976 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of DoorDash by 0.8% in the second quarter. Baillie Gifford & Co. now owns 12,497,488 shares of the company's stock worth $1,359,477,000 after buying an additional 94,241 shares during the last quarter. Capital World Investors grew its stake in DoorDash by 0.8% in the 1st quarter. Capital World Investors now owns 9,470,247 shares of the company's stock valued at $1,304,242,000 after buying an additional 74,504 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in DoorDash by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company's stock valued at $753,281,000 after buying an additional 242,956 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in DoorDash by 11,416.7% in the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company's stock worth $475,837,000 after acquiring an additional 3,425,115 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.
About DoorDash
(
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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.
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