Key Points
- DoorDash General Counsel Tia Sherringham sold 2,743 shares on May 22 at an average price of $160.79, totaling about $441,047. The sale was made under a pre-arranged Rule 10b5-1 plan.
- After the transaction, Sherringham still held 128,216 shares valued at roughly $20.6 million, reflecting a 2.09% reduction in her position.
- DoorDash shares were up 2.3% in the session, and the company recently reported quarterly earnings of $0.42 per share, topping estimates even as revenue came in slightly below forecasts.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) General Counsel Tia Sherringham sold 2,743 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $160.79, for a total value of $441,046.97. Following the completion of the transaction, the general counsel owned 128,216 shares of the company's stock, valued at $20,615,850.64. This trade represents a 2.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
DoorDash Trading Up 2.3%
NASDAQ:DASH opened at $157.58 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The firm has a market capitalization of $68.66 billion, a price-to-earnings ratio of 75.04 and a beta of 1.87. The stock has a fifty day simple moving average of $162.58 and a 200 day simple moving average of $187.84.
DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the company posted $0.44 EPS. DoorDash's revenue for the quarter was up 33.1% on a year-over-year basis. Sell-side analysts forecast that DoorDash, Inc. will post 2.45 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of DASH. Brighton Jones LLC raised its holdings in shares of DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after purchasing an additional 1,807 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of DoorDash by 21.5% in the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company's stock worth $314,000 after buying an additional 303 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of DoorDash by 3.6% in the first quarter. Empowered Funds LLC now owns 8,130 shares of the company's stock worth $1,486,000 after buying an additional 285 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of DoorDash by 92.9% in the second 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 last quarter. Finally, Baird Financial Group Inc. acquired a new stake in shares of DoorDash in the second quarter worth $222,000. Institutional investors own 90.64% of the company's stock.
Wall Street Analysts Forecast Growth
DASH has been the topic of a number of research analyst reports. TD Cowen initiated coverage on DoorDash in a report on Monday, April 27th. They set a "buy" rating and a $225.00 price target on the stock. Truist Financial lowered their price target on DoorDash from $340.00 to $330.00 and set a "buy" rating on the stock in a report on Thursday, May 7th. UBS Group lifted their price target on DoorDash from $206.00 to $214.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. Roth Mkm reiterated a "neutral" rating and set a $200.00 price target on shares of DoorDash in a report on Thursday, February 19th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $275.00 price target on shares of DoorDash in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $259.58.
Get Our Latest Research Report on DASH
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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