Key Points
- Insider sale: DoorDash COO Keith Yandell sold 2,183 shares for approximately $401,000 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 1.81% to 118,505 shares.
- Mixed quarterly results: DoorDash reported $4.45 billion in revenue, up 35.6% year over year and above estimates, but earnings of $0.46 per share narrowly missed consensus by $0.01.
- Analyst outlook remains positive: The stock carries a “Moderate Buy” consensus rating with an average price target of $257.61, while institutional investors own 90.64% of outstanding shares.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) COO Keith Yandell sold 2,183 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $183.69, for a total value of $400,995.27. Following the sale, the chief operating officer directly owned 118,505 shares of the company's stock, valued at approximately $21,768,183.45. This represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Keith Yandell also recently made the following trade(s):
- On Thursday, September 17th, Keith Yandell sold 2,184 shares of DoorDash stock. The shares were sold at an average price of $200.76, for a total value of $438,459.84.
DoorDash Price Performance
DoorDash stock opened at $191.77 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The business has a 50 day simple moving average of $206.75 and a 200-day simple moving average of $181.85. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The stock has a market capitalization of $83.09 billion, a PE ratio of 100.40 and a beta of 1.90.
DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the prior year, the firm posted $0.65 earnings per share. The business's quarterly revenue was up 35.6% compared to the same quarter last year. Equities analysts predict that DoorDash, Inc. will post 2.51 earnings per share for the current year.
Institutional Trading of DoorDash
Large investors have recently bought and sold shares of the company. Eastern Bank acquired a new stake in shares of DoorDash in the third quarter valued at approximately $69,000. QRG Capital Management Inc. raised its holdings in shares of DoorDash by 191.2% in the second quarter. QRG Capital Management Inc. now owns 251,374 shares of the company's stock worth $46,386,000 after acquiring an additional 165,039 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of DoorDash by 501.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 29,211 shares of the company's stock valued at $5,390,000 after acquiring an additional 24,356 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in DoorDash by 1,148.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 99,622 shares of the company's stock worth $18,383,000 after purchasing an additional 91,644 shares in the last quarter. Finally, MCF Advisors LLC raised its stake in DoorDash by 1,488.4% in the 2nd quarter. MCF Advisors LLC now owns 2,462 shares of the company's stock valued at $454,000 after purchasing an additional 2,307 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.
Analysts Set New Price Targets
DASH has been the topic of a number of analyst reports. Wedbush lifted their price objective on DoorDash from $205.00 to $220.00 and gave the company a "neutral" rating in a report on Thursday, August 20th. Wells Fargo & Company raised their price target on DoorDash from $225.00 to $230.00 and gave the company a "cautious" rating in a report on Monday. Weiss Ratings restated a "hold (c)" rating on shares of DoorDash in a research note on Friday, August 7th. Jefferies Financial Group lifted their price target on DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Finally, Truist Financial upped their price objective on DoorDash from $330.00 to $336.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $257.61.
Read Our Latest Analysis on DoorDash
DoorDash News Summary
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: UK robot-delivery expansion: Deliveroo, part of DoorDash’s global portfolio, is partnering exclusively with Coco Robotics to launch sidewalk-robot deliveries in the UK. The rollout begins in London’s Canary Wharf this month and is expected to expand to Milton Keynes, Leeds, Stockton-on-Tees and Nottingham. The initiative could improve delivery efficiency and support DoorDash’s technology-driven growth, although the near-term financial contribution is likely limited. Coco Robotics and Deliveroo announce exclusive partnership to scale robot deliveries across the UK
- Positive Sentiment: Analyst support remains favorable: DoorDash received an average “Moderate Buy” recommendation, suggesting that analysts generally continue to see upside despite the stock’s premium valuation and recent trading below its 50-day moving average. DoorDash receives average recommendation of Moderate Buy from analysts
- Neutral Sentiment: Broader convenience offering: DoorDash has expanded beyond restaurant delivery, including rapid delivery of apparel and other retail products. This highlights the company’s marketplace diversification, but the article provides no new financial forecast or material earnings catalyst. DoorDash started with burritos. Now it delivers North Face jackets in an hour
- Negative Sentiment: Insider selling: COO Keith Yandell sold 2,183 shares for approximately $401,000, while Director Andy Fang sold 5,000 shares for about $918,000. Both transactions were made under pre-arranged Rule 10b5-1 plans, reducing their significance as a bearish signal, but the sales may still weigh modestly on sentiment.
- Negative Sentiment: Fraud-investigation solicitation: SBS Law announced an opportunity for DASH investors to participate in a fraud investigation. The notice does not establish wrongdoing, but it introduces potential legal and reputational risk and could create short-term uncertainty for investors. DASH investors have opportunity to join DoorDash fraud investigation
DoorDash Company Profile
(
Get Free Report)
DoorDash, Inc is a technology company that operates a local commerce platform connecting consumers with restaurants, grocery stores, convenience retailers and other merchants. Through its DoorDash app and website, customers can discover businesses, place orders for delivery or pickup, and access related services. The company also provides merchants with tools for online ordering, logistics, customer engagement, advertising and business analytics.
DoorDash generates additional activity through subscription programs such as DashPass, which provides participating customers with delivery-related benefits, and through its logistics and commerce solutions for merchants.
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