Key Points
- CEO Tony Xu sold 16,667 shares on Dec. 18 at an average price of $230, reducing his holding by 91.74% to 1,500 shares (the sale was worth about $3.83M); he has also made several larger insider sales this year, including 288,410 shares on Nov. 20.
- DoorDash stock is trading around $235 with a market cap near $101.2 billion, a high P/E (~119), and a 52-week range of $155.40–$285.50, sitting just below its 200-day moving average.
- In the latest quarter DoorDash beat revenue expectations ($3.45B vs. $3.35B) but missed on EPS ($0.55 vs. $0.68); analysts rate the stock a consensus "Moderate Buy" with an average target of about $275.74.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) CEO Tony Xu sold 16,667 shares of the firm's stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $230.00, for a total value of $3,833,410.00. Following the sale, the chief executive officer owned 1,500 shares of the company's stock, valued at $345,000. The trade was a 91.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Tony Xu also recently made the following trade(s):
- On Tuesday, December 9th, Tony Xu sold 16,667 shares of DoorDash stock. The shares were sold at an average price of $230.00, for a total value of $3,833,410.00.
- On Thursday, November 20th, Tony Xu sold 288,410 shares of DoorDash stock. The shares were sold at an average price of $196.04, for a total value of $56,539,896.40.
- On Wednesday, October 1st, Tony Xu sold 34,166 shares of DoorDash stock. The stock was sold at an average price of $268.24, for a total transaction of $9,164,687.84.
DoorDash Stock Performance
DASH stock opened at $234.89 on Tuesday. The firm has a 50 day simple moving average of $227.21 and a 200 day simple moving average of $240.81. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50. The stock has a market cap of $101.24 billion, a P/E ratio of 119.23 and a beta of 1.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04.
DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.13). The company had revenue of $3.45 billion during the quarter, compared to analysts' expectations of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The firm's quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. Research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.
Institutional Investors Weigh In On DoorDash
Several institutional investors and hedge funds have recently added to or reduced their stakes in DASH. Saudi Central Bank acquired a new position in DoorDash during the first quarter valued at approximately $25,000. WPG Advisers LLC acquired a new position in DoorDash in the 1st quarter valued at $26,000. Physician Wealth Advisors Inc. raised its holdings in DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company's stock worth $26,000 after acquiring an additional 71 shares during the period. Pacific Center for Financial Services bought a new position in DoorDash in the 1st quarter worth $27,000. Finally, GFG Capital LLC acquired a new position in DoorDash during the 2nd quarter worth $30,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Susquehanna reduced their price objective on DoorDash from $300.00 to $250.00 and set a "positive" rating for the company in a research report on Friday, November 7th. Bank of America reduced their price target on DoorDash from $325.00 to $305.00 and set a "buy" rating for the company in a report on Thursday, November 6th. Jefferies Financial Group boosted their price target on DoorDash from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Thursday, December 11th. Argus dropped their price objective on DoorDash from $275.00 to $260.00 and set a "buy" rating on the stock in a report on Friday, December 12th. Finally, The Goldman Sachs Group reduced their target price on shares of DoorDash from $315.00 to $279.00 and set a "buy" rating for the company in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $275.74.
View Our Latest Report on DoorDash
DoorDash Company Profile
(
Get Free Report)
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.
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