DoorDash (NASDAQ:DASH) Director Stanley Tang Sells 45,410 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $209.01, for a total value of $9,491,144.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Stanley Tang also recently made the following trade(s):

• On Friday, January 2nd, Stanley Tang sold 45,410 shares of DoorDash stock. The shares were sold at an average price of $222.53, for a total value of $10,105,087.30.
• On Monday, December 1st, Stanley Tang sold 45,410 shares of DoorDash stock. The shares were sold at an average price of $205.07, for a total value of $9,312,228.70.

DoorDash Trading Down 3.1%

DoorDash stock traded down $6.17 during mid-day trading on Wednesday, hitting $195.83. The stock had a trading volume of 6,290,339 shares, compared to its average volume of 4,032,592. The stock has a 50-day simple moving average of $218.27 and a two-hundred day simple moving average of $237.56. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $84.40 billion, a PE ratio of 99.41 and a beta of 1.77. DoorDash, Inc. has a 12 month low of $155.40 and a 12 month high of $285.50.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.13). The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. As a group, sell-side analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

DASH has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of DoorDash in a research report on Wednesday, October 8th. Bank of America dropped their price objective on DoorDash from $325.00 to $305.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Cantor Fitzgerald increased their price target on DoorDash from $270.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. Finally, Wedbush lifted their price objective on DoorDash from $260.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, December 19th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $279.09.

Institutional Trading of DoorDash

A number of hedge funds and other institutional investors have recently made changes to their positions in DASH. Physician Wealth Advisors Inc. increased its stake in DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after buying an additional 71 shares during the last quarter. Eastern Bank increased its position in shares of DoorDash by 714.3% in the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of DoorDash in the fourth quarter valued at about $29,000. GFG Capital LLC bought a new stake in DoorDash during the second quarter worth about $30,000. Finally, Sunbelt Securities Inc. boosted its position in DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Company Profile

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.