Shona Brown Sells 582 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) Director Shona Brown sold 582 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $177.06, for a total transaction of $103,048.92. Following the completion of the sale, the director directly owned 31,156 shares of the company’s stock, valued at approximately $5,516,481.36. The trade was a 1.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Stock Performance

NASDAQ:DASH opened at $188.87 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $82.29 billion, a PE ratio of 89.94 and a beta of 1.78. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The company has a fifty day moving average of $165.60 and a two-hundred day moving average of $180.72.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. As a group, research analysts forecast that DoorDash, Inc. will post 2.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DASH. Keel Point LLC lifted its position in DoorDash by 4.3% during the third quarter. Keel Point LLC now owns 1,393 shares of the company’s stock worth $379,000 after buying an additional 58 shares in the last quarter. CYBER HORNET ETFs LLC grew its holdings in DoorDash by 6.5% in the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock valued at $222,000 after buying an additional 60 shares in the last quarter. Vise Technologies Inc. grew its holdings in DoorDash by 1.8% in the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock valued at $796,000 after buying an additional 63 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in DoorDash by 7.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 982 shares of the company’s stock valued at $222,000 after buying an additional 64 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its stake in shares of DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after acquiring an additional 67 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Zacks Research upgraded DoorDash from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Susquehanna decreased their target price on DoorDash from $250.00 to $225.00 and set a “positive” rating on the stock in a research report on Friday, May 8th. Guggenheim reaffirmed a “buy” rating and issued a $255.00 price target on shares of DoorDash in a research note on Tuesday, June 23rd. Rothschild & Co Redburn set a $350.00 price target on DoorDash in a research report on Tuesday, May 12th. Finally, Citigroup reissued a “market outperform” rating on shares of DoorDash in a research note on Monday, June 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $256.11.

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.