Key Points
- Andy Fang, a DoorDash director, sold 25,000 shares on Dec. 1 at an average price of $204.95 for $5,123,750, and has sold another 60,000 shares in October–November — about $20.5 million total across the three recent transactions.
- DoorDash reported quarterly EPS of $0.55 (miss) vs. $0.68 expected while revenue beat at $3.45 billion (up 27.3% YoY); analysts maintain a consensus "Moderate Buy" with an average price target of $275.62.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Andy Fang sold 25,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $204.95, for a total transaction of $5,123,750.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Andy Fang also recently made the following trade(s):
- On Monday, November 3rd, Andy Fang sold 30,000 shares of DoorDash stock. The shares were sold at an average price of $244.39, for a total transaction of $7,331,700.00.
- On Wednesday, October 1st, Andy Fang sold 30,000 shares of DoorDash stock. The stock was sold at an average price of $268.20, for a total transaction of $8,046,000.00.
DoorDash Trading Up 2.5%
DASH stock opened at $222.48 on Thursday. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The firm has a market cap of $95.89 billion, a P/E ratio of 112.93 and a beta of 1.72. The company's 50-day simple moving average is $238.85 and its 200-day simple moving average is $238.85.
DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.13). DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period in the previous year, the company posted $0.38 EPS. The business's revenue for the quarter was up 27.3% compared to the same quarter last year. As a group, equities analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on DASH. BMO Capital Markets increased their target price on DoorDash from $238.00 to $288.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Wells Fargo & Company decreased their price objective on shares of DoorDash from $301.00 to $239.00 and set an "equal weight" rating on the stock in a report on Thursday, November 6th. Stifel Nicolaus dropped their target price on shares of DoorDash from $255.00 to $253.00 and set a "hold" rating on the stock in a research report on Thursday, November 6th. Citigroup restated a "market outperform" rating on shares of DoorDash in a research report on Monday, November 24th. Finally, Piper Sandler raised their price target on shares of DoorDash from $210.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $275.62.
Check Out Our Latest Research Report on DASH
Hedge Funds Weigh In On DoorDash
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Saudi Central Bank acquired a new stake in DoorDash in the 1st quarter valued at about $25,000. WPG Advisers LLC purchased a new stake in shares of DoorDash in the first quarter valued at approximately $26,000. Physician Wealth Advisors Inc. increased its holdings in shares of DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company's stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Pacific Center for Financial Services acquired a new stake in shares of DoorDash in the first quarter valued at approximately $27,000. Finally, GFG Capital LLC purchased a new position in DoorDash during the second quarter worth approximately $30,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.
About DoorDash
(
Get Free Report)
DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.
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