Key Points
- Director Stanley Tang sold 45,410 shares on Feb. 2 at an average price of $209.01 for $9,491,144.10 — the same-sized holdings were sold on Dec. 1 and Jan. 2 as well, totaling roughly $28.9 million across the three trades.
- DoorDash shares are down (~3.1%) after the company reported a quarterly EPS miss ($0.55 vs. $0.68)"Moderate Buy" and a $279.09 price target.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Stanley Tang sold 45,410 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $209.01, for a total value of $9,491,144.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Stanley Tang also recently made the following trade(s):
- On Friday, January 2nd, Stanley Tang sold 45,410 shares of DoorDash stock. The stock was sold at an average price of $222.53, for a total transaction of $10,105,087.30.
- On Monday, December 1st, Stanley Tang sold 45,410 shares of DoorDash stock. The stock was sold at an average price of $205.07, for a total transaction of $9,312,228.70.
DoorDash Trading Down 3.1%
DoorDash stock opened at $195.83 on Thursday. 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 50-day moving average price of $218.27 and a two-hundred day moving average price of $237.26. The firm has a market capitalization of $84.40 billion, a price-to-earnings ratio of 99.41 and a beta of 1.77. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50.
DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.13). The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. DoorDash's revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 EPS. Sell-side analysts expect that DoorDash, Inc. will post 2.22 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on DASH shares. Zacks Research lowered DoorDash from a "hold" rating to a "strong sell" rating in a research report on Monday, January 5th. Exane BNP Paribas upgraded shares of DoorDash to a "strong-buy" rating in a research report on Wednesday, January 14th. BMO Capital Markets reissued an "outperform" rating on shares of DoorDash in a research note on Friday, December 12th. Barclays reduced their price target on shares of DoorDash from $272.00 to $238.00 and set an "equal weight" rating for the company in a research note on Thursday, November 6th. Finally, Morgan Stanley raised their price objective on shares of DoorDash from $300.00 to $330.00 and gave the company an "overweight" rating in a research note on Monday, October 20th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, DoorDash has a consensus rating of "Moderate Buy" and a consensus price target of $279.09.
Read Our Latest Research Report on DASH
Institutional Trading of DoorDash
A number of large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after buying an additional 1,807 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of DoorDash by 21.5% during the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company's stock valued at $314,000 after purchasing an additional 303 shares during the last quarter. Empowered Funds LLC boosted its position in shares of DoorDash by 3.6% in the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company's stock valued at $1,486,000 after purchasing an additional 285 shares during the period. Sivia Capital Partners LLC raised its holdings in DoorDash by 92.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company's stock worth $1,049,000 after buying an additional 2,049 shares during the period. Finally, Truist Financial Corp lifted its stake in DoorDash by 91.2% during the second quarter. Truist Financial Corp now owns 16,867 shares of the company's stock valued at $4,158,000 after buying an additional 8,047 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.
About DoorDash
(
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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