2,559 Shares in DoorDash, Inc. (NASDAQ:DASH) Bought by SageView Advisory Group LLC

SageView Advisory Group LLC acquired a new stake in DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,559 shares of the company’s stock, valued at approximately $270,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DASH. SJS Investment Consulting Inc. lifted its position in DoorDash by 26.9% during 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 in the last quarter. Westside Investment Management Inc. grew its holdings in DoorDash by 18.2% during the 4th 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. grew its holdings in DoorDash by 1.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock valued at $647,000 after purchasing an additional 100 shares in the last quarter. Signaturefd LLC lifted 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 boosted its position in DoorDash by 3.4% in the 4th quarter. Commerce Bank now owns 5,073 shares of the company’s stock valued at $502,000 after buying an additional 166 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Activity

In related news, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction that occurred 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 directly owns 70,111 shares in the company, valued at approximately $9,927,717.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $141.60, for a total value of $99,120.00. Following the transaction, the director now directly owns 70,111 shares in the company, valued at approximately $9,927,717.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ravi Inukonda sold 5,000 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $138.98, for a total value of $694,900.00. Following the sale, the chief financial officer now directly owns 391,425 shares in the company, valued at $54,400,246.50. The disclosure for this sale can be found here. Insiders sold a total of 548,613 shares of company stock worth $68,171,311 over the last 90 days. 7.92% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DASH has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on DoorDash from $100.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Wedbush reiterated a “neutral” rating and set a $115.00 target price on shares of DoorDash in a research note on Thursday, May 2nd. BMO Capital Markets dropped their price target on shares of DoorDash from $138.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. Piper Sandler upgraded shares of DoorDash from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $53.00 to $127.00 in a research note on Friday, March 15th. Finally, JMP Securities dropped their target price on shares of DoorDash from $160.00 to $140.00 and set a “market outperform” rating for the company in a research report on Thursday, May 2nd. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.79.

DoorDash Trading Down 2.4 %

Shares of NASDAQ:DASH opened at $110.21 on Friday. The firm’s 50 day moving average is $118.74 and its two-hundred day moving average is $116.65. The firm has a market capitalization of $45.07 billion, a P/E ratio of -102.05, a PEG ratio of 28.55 and a beta of 1.69. DoorDash, Inc. has a 52 week low of $69.90 and a 52 week high of $143.34.

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