Key Points
- Director Shona Brown sold 1,250 shares on March 9 at an average price of $176.61 for $220,762.50, trimming her stake by 3.88% to 31,002 shares; the sale was disclosed in an SEC filing.
- DoorDash shares traded down about 1.1% to $167.64 mid-day, with a market cap of $72.8B and trading below both the 50-day ($193.16) and 200-day ($223.91) moving averages (12‑month range $155.40–$285.50).
- The company missed quarterly EPS expectations ($0.48 vs. $0.58) and slightly missed revenue estimates despite revenue rising 37.7% year-over-year, while analysts maintain a consensus "Moderate Buy" rating with a $262.82 price target.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Shona Brown sold 1,250 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $176.61, for a total value of $220,762.50. Following the completion of the sale, the director directly owned 31,002 shares of the company's stock, valued at approximately $5,475,263.22. This trade represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
DoorDash Stock Down 1.1%
Shares of NASDAQ:DASH traded down $1.84 during mid-day trading on Thursday, hitting $167.64. 278,384 shares of the company traded hands, compared to its average volume of 5,240,593. The stock has a market cap of $72.83 billion, a P/E ratio of 79.21 and a beta of 1.82. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50. The stock has a 50-day moving average price of $193.16 and a two-hundred day moving average price of $223.91.
DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.10). The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The company's quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. On average, equities research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current year.
Hedge Funds Weigh In On DoorDash
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DASH. Physician Wealth Advisors Inc. increased its stake in shares of DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company's stock worth $26,000 after purchasing an additional 71 shares in the last quarter. Eastern Bank lifted its stake in shares of DoorDash by 714.3% during the 4th quarter. Eastern Bank now owns 114 shares of the company's stock valued at $26,000 after buying an additional 100 shares in the last quarter. MV Capital Management Inc. purchased a new stake in shares of DoorDash during the 4th quarter valued at approximately $26,000. Swiss RE Ltd. bought a new position in DoorDash in the 4th quarter worth approximately $28,000. Finally, ST Germain D J Co. Inc. purchased a new position in DoorDash in the 4th quarter valued at approximately $29,000. Institutional investors own 90.64% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on DASH shares. Zacks Research upgraded shares of DoorDash from a "strong sell" rating to a "hold" rating in a report on Thursday, February 12th. Stifel Nicolaus cut their price target on shares of DoorDash from $253.00 to $224.00 and set a "hold" rating on the stock in a report on Tuesday, January 27th. Truist Financial upped their price objective on shares of DoorDash from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday, February 19th. Piper Sandler reaffirmed a "neutral" rating and issued a $220.00 price objective (down from $230.00) on shares of DoorDash in a research report on Thursday, February 19th. Finally, BNP Paribas Exane assumed coverage on shares of DoorDash in a research note on Wednesday, January 14th. They issued an "outperform" rating and a $280.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, DoorDash currently has a consensus rating of "Moderate Buy" and a consensus price target of $262.82.
View Our Latest Stock Report on DoorDash
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.
Further Reading
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