DoorDash, Inc. (NASDAQ:DASH) Director Shona L. Brown Sells 1,712 Shares

DoorDash, Inc. (NASDAQ:DASH) Director Shona L. Brown sold 1,712 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total transaction of $189,980.64. Following the completion of the transaction, the director now owns 70,191 shares of the company’s stock, valued at approximately $7,789,095.27. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

DoorDash Stock Performance

DoorDash stock opened at $110.58 on Friday. The firm’s fifty day simple moving average is $115.97 and its 200-day simple moving average is $117.07. DoorDash, Inc. has a 1-year low of $69.90 and a 1-year high of $143.34.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. DoorDash’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.41) EPS. On average, research analysts predict that DoorDash, Inc. will post 0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DASH has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of DoorDash from $100.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. upped their target price on shares of DoorDash from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Benchmark decreased their target price on shares of DoorDash from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Royal Bank of Canada reduced their price target on shares of DoorDash from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Finally, JMP Securities reduced their price target on shares of DoorDash from $160.00 to $140.00 and set a “market outperform” rating for the company in a research note on Thursday, May 2nd. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DASH. Mariner LLC raised its holdings in DoorDash by 23.1% in the 3rd quarter. Mariner LLC now owns 41,435 shares of the company’s stock worth $3,293,000 after acquiring an additional 7,776 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in DoorDash by 8.7% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,870 shares of the company’s stock worth $228,000 after acquiring an additional 230 shares during the period. Covestor Ltd raised its holdings in DoorDash by 101.2% in the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after acquiring an additional 253 shares during the period. O Shaughnessy Asset Management LLC bought a new position in DoorDash in the 3rd quarter worth $325,000. Finally, Vinva Investment Management Ltd bought a new position in DoorDash in the 3rd quarter worth $513,000. Institutional investors own 90.64% of the company’s stock.

DoorDash Company Profile

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.