DoorDash, Inc. (NYSE:DASH – Get Rating) Director Shona L. Brown sold 1,250 shares of the firm's stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $57.52, for a total value of $71,900.00. Following the completion of the sale, the director now owns 79,778 shares in the company, valued at $4,588,830.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
DoorDash Price Performance
DASH traded up $0.04 during trading on Wednesday, reaching $58.20. 5,191,643 shares of the stock traded hands, compared to its average volume of 5,335,208. The stock has a market cap of $22.82 billion, a price-to-earnings ratio of -15.99 and a beta of 1.45. DoorDash, Inc. has a fifty-two week low of $41.37 and a fifty-two week high of $130.20. The stock's 50-day simple moving average is $56.07 and its two-hundred day simple moving average is $54.94.
Get DoorDash alerts:DoorDash (NYSE:DASH – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The company reported ($0.63) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.70) by $0.07. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.77 billion. DoorDash had a negative return on equity of 15.12% and a negative net margin of 20.74%. Research analysts anticipate that DoorDash, Inc. will post -2.16 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently commented on the company. Moffett Nathanson assumed coverage on DoorDash in a research report on Monday, January 30th. They issued an "outperform" rating and a $79.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on DoorDash from $70.00 to $65.00 and set a "neutral" rating on the stock in a research report on Thursday, January 26th. Barclays lifted their price target on DoorDash from $60.00 to $70.00 in a research report on Friday, February 17th. Oppenheimer lifted their price target on DoorDash from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, February 17th. Finally, Needham & Company LLC lifted their price target on DoorDash from $75.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, February 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $80.95.
Institutional Trading of DoorDash
Institutional investors have recently bought and sold shares of the company. Natixis raised its holdings in DoorDash by 393.1% during the fourth quarter. Natixis now owns 180,001 shares of the company's stock valued at $8,788,000 after buying an additional 143,500 shares in the last quarter. Macquarie Group Ltd. raised its holdings in DoorDash by 34.2% during the fourth quarter. Macquarie Group Ltd. now owns 5,298 shares of the company's stock valued at $259,000 after buying an additional 1,350 shares in the last quarter. National Pension Service raised its holdings in DoorDash by 19.2% during the fourth quarter. National Pension Service now owns 394,320 shares of the company's stock valued at $19,251,000 after buying an additional 63,511 shares in the last quarter. CoreView Capital Management Ltd raised its holdings in DoorDash by 234.0% during the fourth quarter. CoreView Capital Management Ltd now owns 347,700 shares of the company's stock valued at $16,975,000 after buying an additional 243,595 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in DoorDash by 2.3% during the fourth quarter. Alliancebernstein L.P. now owns 128,053 shares of the company's stock valued at $6,252,000 after buying an additional 2,853 shares in the last quarter. Institutional investors and hedge funds own 72.65% of the company's stock.
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.
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