DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Andy Fang sold 15,000 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $228.31, for a total value of $3,424,650.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andy Fang also recently made the following trade(s):
- On Wednesday, June 24th, Andy Fang sold 5,000 shares of DoorDash stock. The shares were sold at an average price of $180.00, for a total value of $900,000.00.
DoorDash Stock Down 5.3%
DASH opened at $200.44 on Wednesday. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The business has a 50 day moving average price of $204.67 and a two-hundred day moving average price of $179.21. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The company has a market cap of $86.85 billion, a PE ratio of 104.94 and a beta of 1.79.
DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The company's revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. As a group, research analysts anticipate that DoorDash, Inc. will post 2.49 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. MV Capital Management Inc. purchased a new position in DoorDash during the 4th quarter valued at about $26,000. Washington Trust Advisors Inc. grew its position in shares of DoorDash by 81.0% in the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company's stock valued at $26,000 after purchasing an additional 64 shares during the last quarter. Swiss RE Ltd. purchased a new position in shares of DoorDash during the 4th quarter worth approximately $28,000. Kemnay Advisory Services Inc. purchased a new position in shares of DoorDash during the 4th quarter worth approximately $32,000. Finally, Sunbelt Securities Inc. raised its position in shares of DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock worth $33,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.
DoorDash News Roundup
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: DoorDash is partnering with SKIMS to provide on-demand delivery for last-minute wardrobe needs. The arrangement expands DoorDash’s non-restaurant retail business and could increase order frequency and consumer use cases. SKIMS DoorDash partnership
- Positive Sentiment: DoorDash is promoting football-season rewards, including a large cash prize, a vehicle and other incentives. The campaign is designed to drive weekend orders and customer engagement, although the direct financial impact is uncertain. DoorDash football rewards
- Positive Sentiment: A Seeking Alpha analysis maintained a bullish view, citing 36% year-over-year second-quarter revenue growth to $4.45 billion, 23% organic marketplace GOV growth and a 40% increase in adjusted EBITDA to $914 million. The report also highlighted continued DashPass subscriber growth and margin expansion. DoorDash growth analysis
- Positive Sentiment: DoorDash Labs was named Innovation Team of the Year, providing reputational support for the company’s technology and logistics initiatives, though the award has limited near-term earnings significance. DoorDash Labs award
- Neutral Sentiment: Media coverage of an individual delivery experience and DoorDash tipping does not appear material to the company’s financial outlook. DoorDash delivery story
- Negative Sentiment: Director Andy Fang sold 15,000 DASH shares for approximately $3.42 million under a pre-arranged Rule 10b5-1 plan. Another report cited roughly $6.97 million in director stock sales. Planned transactions reduce the signal’s significance, but insider selling can weigh on sentiment, particularly while DASH trades at a high earnings multiple. DoorDash insider sale
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Wedbush boosted their price objective on shares of DoorDash from $205.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, August 20th. Roth Capital raised their target price on shares of DoorDash from $200.00 to $220.00 and gave the stock a "neutral" rating in a research note on Monday, August 10th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of DoorDash in a report on Thursday, September 3rd. Bank of America reiterated a "buy" rating on shares of DoorDash in a research note on Thursday, August 6th. Finally, Susquehanna increased their price target on shares of DoorDash from $225.00 to $250.00 and gave the stock a "positive" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and an average price target of $256.97.
View Our Latest Report on DASH
About DoorDash
(
Get Free Report)
DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.
The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.
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