DoorDash, Inc. (NASDAQ:DASH - Get Free Report) Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $143.76, for a total transaction of $7,188,000.00. Following the sale, the director now directly owns 18,089 shares in the company, valued at $2,600,474.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Andy Fang also recently made the following trade(s):
- On Thursday, September 12th, Andy Fang sold 50,000 shares of DoorDash stock. The stock was sold at an average price of $130.20, for a total transaction of $6,510,000.00.
DoorDash Price Performance
NASDAQ:DASH opened at $148.87 on Wednesday. The company has a market cap of $60.88 billion, a price-to-earnings ratio of -137.84, a PEG ratio of 425.82 and a beta of 1.70. The stock's 50 day simple moving average is $133.59 and its two-hundred day simple moving average is $122.58. DoorDash, Inc. has a 1 year low of $69.90 and a 1 year high of $150.29.
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DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period last year, the company earned ($0.44) EPS. The business's revenue was up 23.3% compared to the same quarter last year. As a group, analysts anticipate that DoorDash, Inc. will post 0.01 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in DASH. Meeder Asset Management Inc. increased its position in DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company's stock valued at $32,000 after buying an additional 132 shares in the last quarter. Headlands Technologies LLC acquired a new position in DoorDash during the 2nd quarter valued at about $32,000. Versant Capital Management Inc increased its position in DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company's stock valued at $36,000 after buying an additional 259 shares in the last quarter. ORG Partners LLC increased its position in DoorDash by 2,108.3% during the 1st quarter. ORG Partners LLC now owns 265 shares of the company's stock valued at $37,000 after buying an additional 253 shares in the last quarter. Finally, Quest Partners LLC increased its position in DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company's stock valued at $37,000 after buying an additional 204 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
DASH has been the subject of a number of research analyst reports. DA Davidson upped their price target on shares of DoorDash from $110.00 to $119.00 and gave the stock a "neutral" rating in a research note on Monday, August 5th. Morgan Stanley raised their target price on shares of DoorDash from $145.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods upgraded shares of DoorDash from a "market perform" rating to an "outperform" rating and set a $177.00 price target on the stock in a research report on Wednesday, September 25th. Evercore ISI raised their price target on shares of DoorDash from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Finally, Raymond James initiated coverage on shares of DoorDash in a report on Tuesday, September 24th. They set an "outperform" rating and a $155.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $146.91.
Read Our Latest Analysis on DoorDash
About DoorDash
(
Get Free Report)
DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.
Further Reading
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