DoorDash (NASDAQ:DASH) Sets New 52-Week Low After Insider Selling

DoorDash, Inc. (NASDAQ:DASH) shares reached a new 52-week low on Thursday after an insider sold shares in the company. The stock traded as low as $150.87 and last traded at $152.92, with a volume of 2911892 shares. The stock had previously closed at $154.73.

Specifically, COO Prabir Adarkar sold 10,000 shares of DoorDash stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $158.97, for a total transaction of $1,589,700.00. Following the completion of the sale, the chief operating officer directly owned 843,678 shares of the company’s stock, valued at $134,119,491.66. The trade was a 1.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DASH shares. Jefferies Financial Group increased their price target on DoorDash from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Zacks Research raised shares of DoorDash from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Wolfe Research set a $270.00 target price on shares of DoorDash in a report on Monday, January 5th. Mizuho cut their target price on shares of DoorDash from $320.00 to $255.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Finally, Barclays reduced their price target on shares of DoorDash from $238.00 to $220.00 and set an “equal weight” rating for the company in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.82.

DoorDash Stock Performance

The business has a 50-day moving average of $178.64 and a two-hundred day moving average of $216.74. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $63.69 billion, a P/E ratio of 69.15 and a beta of 1.82.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The firm had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. On average, sell-side analysts predict that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Brighton Jones LLC grew its holdings in DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after purchasing an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of DoorDash by 21.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after purchasing an additional 303 shares during the last quarter. Empowered Funds LLC boosted its position in shares of DoorDash by 3.6% in the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after purchasing an additional 285 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of DoorDash by 92.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after purchasing an additional 2,049 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in DoorDash during the 2nd quarter worth $707,000. Institutional investors own 90.64% of the company’s stock.

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.