V Square Quantitative Management LLC Acquires New Position in DoorDash, Inc. (NASDAQ:DASH)

V Square Quantitative Management LLC bought a new position in DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,391 shares of the company’s stock, valued at approximately $335,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DASH. SJS Investment Consulting Inc. raised its holdings in DoorDash by 26.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after acquiring an additional 98 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of DoorDash by 18.2% during the fourth quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock valued at $64,000 after purchasing an additional 100 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of DoorDash by 1.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock valued at $647,000 after buying an additional 100 shares during the last quarter. Signaturefd LLC increased its holdings in DoorDash by 3.3% in the 4th quarter. Signaturefd LLC now owns 3,824 shares of the company’s stock worth $378,000 after buying an additional 121 shares in the last quarter. Finally, Commerce Bank raised its position in DoorDash by 3.4% in the 4th quarter. Commerce Bank now owns 5,073 shares of the company’s stock worth $502,000 after buying an additional 166 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Benchmark reduced their price target on shares of DoorDash from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley upgraded DoorDash from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $135.00 to $145.00 in a research note on Thursday, February 22nd. Loop Capital assumed coverage on DoorDash in a research report on Friday, April 19th. They set a “buy” rating and a $170.00 price objective for the company. Finally, Moffett Nathanson raised DoorDash from a “neutral” rating to a “buy” rating and raised their target price for the stock from $118.00 to $164.00 in a research report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $134.79.

Insider Activity

In related news, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $141.60, for a total value of $99,120.00. Following the sale, the director now owns 70,111 shares in the company, valued at $9,927,717.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other DoorDash news, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $141.60, for a total transaction of $99,120.00. Following the completion of the transaction, the director now owns 70,111 shares in the company, valued at $9,927,717.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $111.96, for a total value of $5,598,000.00. Following the transaction, the director now directly owns 39,275 shares in the company, valued at approximately $4,397,229. The disclosure for this sale can be found here. In the last ninety days, insiders sold 548,613 shares of company stock worth $68,171,311. 7.92% of the stock is currently owned by insiders.

DoorDash Stock Down 1.5 %

Shares of DASH stock opened at $112.05 on Monday. The company’s fifty day simple moving average is $120.20 and its two-hundred day simple moving average is $116.27. DoorDash, Inc. has a 52 week low of $69.90 and a 52 week high of $143.34. The stock has a market cap of $45.82 billion, a P/E ratio of -103.75, a PEG ratio of 28.33 and a beta of 1.69.

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

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.