Dana Investment Advisors Inc. Increases Position in DoorDash, Inc. (NASDAQ:DASH)

Dana Investment Advisors Inc. lifted its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,935 shares of the company’s stock after purchasing an additional 2,692 shares during the period. Dana Investment Advisors Inc.’s holdings in DoorDash were worth $4,235,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky lifted its holdings in DoorDash by 0.4% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 155,950 shares of the company’s stock worth $16,964,000 after buying an additional 605 shares during the last quarter. Cetera Investment Advisers lifted its stake in DoorDash by 7.2% during the second quarter. Cetera Investment Advisers now owns 11,747 shares of the company’s stock worth $1,278,000 after purchasing an additional 788 shares during the last quarter. Quarry LP purchased a new stake in DoorDash during the second quarter worth approximately $60,000. Algert Global LLC acquired a new position in DoorDash in the second quarter valued at approximately $338,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in DoorDash during the second quarter worth approximately $6,005,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 54,166 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total value of $7,586,489.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $106.64, for a total value of $746,480.00. Following the completion of the transaction, the chief financial officer now owns 417,223 shares of the company’s stock, valued at $44,492,660.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $140.06, for a total transaction of $7,586,489.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 281,503 shares of company stock valued at $33,988,063. Insiders own 7.92% of the company’s stock.

Analysts Set New Price Targets

DASH has been the subject of several research analyst reports. Benchmark restated a “buy” rating and issued a $150.00 target price on shares of DoorDash in a report on Tuesday, July 30th. Raymond James began coverage on DoorDash in a report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price objective on the stock. Wedbush reissued a “neutral” rating and issued a $115.00 target price on shares of DoorDash in a report on Friday, August 2nd. Morgan Stanley upped their target price on DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company lifted their price target on DoorDash from $125.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $146.44.

DoorDash Trading Down 0.6 %

Shares of DASH opened at $141.93 on Wednesday. DoorDash, Inc. has a twelve month low of $69.90 and a twelve month high of $146.36. The firm has a market capitalization of $58.04 billion, a P/E ratio of -131.42, a PEG ratio of 295.70 and a beta of 1.69. The firm’s 50-day moving average is $126.59 and its two-hundred day moving average is $121.97.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results 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 return on equity of 5.91% and a negative net margin of 4.24%. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the firm earned ($0.44) EPS. DoorDash’s revenue was up 23.3% compared to the same quarter last year. Analysts predict that DoorDash, Inc. will post 0.01 EPS for the current year.

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.