DoorDash, Inc. (NYSE:DASH – Get Rating) Director Stanley J. Meresman sold 15,000 shares of the company's stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $57.67, for a total transaction of $865,050.00. Following the transaction, the director now owns 7,403 shares in the company, valued at approximately $426,931.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
DoorDash Stock Down 1.6 %
Shares of NYSE:DASH opened at $54.19 on Tuesday. The firm has a market capitalization of $21.04 billion, a PE ratio of -14.97 and a beta of 1.46. DoorDash, Inc. has a twelve month low of $41.37 and a twelve month high of $130.20. The company has a 50-day moving average price of $55.47 and a two-hundred day moving average price of $55.60.
Get DoorDash alerts:Hedge Funds Weigh In On DoorDash
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wipfli Financial Advisors LLC bought a new position in shares of DoorDash in the third quarter valued at approximately $25,000. Elequin Securities LLC bought a new position in shares of DoorDash in the fourth quarter valued at approximately $25,000. Riverview Trust Co bought a new position in shares of DoorDash in the fourth quarter valued at approximately $29,000. Sentry Investment Management LLC bought a new position in shares of DoorDash in the third quarter valued at approximately $33,000. Finally, UMB Bank n.a. boosted its position in shares of DoorDash by 42.3% in the fourth quarter. UMB Bank n.a. now owns 703 shares of the company's stock valued at $34,000 after acquiring an additional 209 shares during the period. Institutional investors own 72.65% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Bank of America lowered their price objective on shares of DoorDash from $80.00 to $72.00 and set a "buy" rating on the stock in a report on Tuesday, February 14th. Piper Sandler downgraded shares of DoorDash from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $227.00 to $40.00 in a report on Monday, January 9th. Jefferies Financial Group initiated coverage on shares of DoorDash in a report on Monday, January 9th. They issued an "underperform" rating and a $37.00 target price for the company. Morgan Stanley increased their target price on shares of DoorDash from $62.00 to $67.00 and gave the company an "equal weight" rating in a report on Friday, February 17th. Finally, DA Davidson increased their target price on shares of DoorDash from $60.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, February 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $80.95.
DoorDash Company Profile
(Get Rating)
DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.
Further Reading
- Get a free copy of the StockNews.com research report on DoorDash (DASH)
- Reserve Your Spot With These Hotels The Analysts Support
- Cruise Line Stocks Still Have Some Choppy Waters to Navigate
- Four Vegan Food Stocks Performing Beyond the Norm
- Ocean Interest Electrifies Fisker Stock
- Is Freshpet Ready For A Fresh Rally?
Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.
