Amalgamated Bank Purchases 2,710 Shares of DoorDash, Inc. (NASDAQ:DASH)

Amalgamated Bank lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 13.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,880 shares of the company’s stock after purchasing an additional 2,710 shares during the quarter. Amalgamated Bank’s holdings in DoorDash were worth $2,489,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC lifted its holdings in DoorDash by 2,108.3% during the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 253 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of DoorDash during the 2nd quarter valued at about $32,000. Meeder Asset Management Inc. grew its position in shares of DoorDash by 82.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares during the period. Hollencrest Capital Management acquired a new position in shares of DoorDash in the 1st quarter valued at approximately $42,000. Finally, Versant Capital Management Inc increased its stake in DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

DASH has been the subject of several research analyst reports. Redburn Atlantic assumed coverage on shares of DoorDash in a report on Friday, July 26th. They issued a “buy” rating and a $170.00 price target for the company. Benchmark reiterated a “buy” rating and set a $150.00 target price on shares of DoorDash in a report on Tuesday, July 30th. Evercore ISI boosted their price target on DoorDash from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Piper Sandler reaffirmed a “neutral” rating and set a $125.00 price objective (up from $115.00) on shares of DoorDash in a research report on Friday, August 2nd. Finally, JMP Securities lifted their target price on DoorDash from $140.00 to $145.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.40.

DoorDash Stock Up 1.6 %

Shares of DASH stock opened at $141.68 on Wednesday. DoorDash, Inc. has a 12-month low of $69.90 and a 12-month high of $143.34. The company has a market capitalization of $57.93 billion, a PE ratio of -131.19, a price-to-earnings-growth ratio of 275.59 and a beta of 1.69. The firm has a 50 day moving average price of $122.71 and a two-hundred day moving average price of $121.55.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The business’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.44) earnings per share. As a group, research analysts expect that DoorDash, Inc. will post 0.01 EPS for the current year.

Insider Transactions at DoorDash

In related news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the completion of the sale, the director now owns 18,089 shares of the company’s stock, valued at $2,355,187.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other DoorDash news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the completion of the transaction, the director now directly owns 18,089 shares in the company, valued at $2,355,187.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Keith Yandell sold 6,554 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $107.75, for a total value of $706,193.50. Following the completion of the sale, the insider now directly owns 155,097 shares in the company, valued at approximately $16,711,701.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 303,057 shares of company stock valued at $34,570,133. 7.92% of the stock is owned by corporate insiders.

DoorDash 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.