Register Financial Advisors LLC Invests $169,000 in DoorDash, Inc. (NASDAQ:DASH)

Register Financial Advisors LLC purchased a new position in DoorDash, Inc. (NASDAQ:DASH) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,225 shares of the company’s stock, valued at approximately $169,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DASH. Parkside Financial Bank & Trust increased its stake in shares of DoorDash by 361.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after acquiring an additional 307 shares in the last quarter. Covestor Ltd increased its stake in shares of DoorDash by 101.2% in the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after acquiring an additional 253 shares in the last quarter. Valley National Advisers Inc. bought a new stake in shares of DoorDash in the 4th quarter valued at $43,000. SJS Investment Consulting Inc. increased its stake in shares of DoorDash by 26.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after acquiring an additional 98 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of DoorDash in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 132,300 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total transaction of $17,663,373.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Prabir Adarkar sold 8,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $109.98, for a total transaction of $879,840.00. Following the sale, the chief operating officer now directly owns 1,002,787 shares in the company, valued at $110,286,514.26. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Tony Xu sold 132,300 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total value of $17,663,373.00. The disclosure for this sale can be found here. Insiders have sold a total of 478,325 shares of company stock valued at $58,347,361 over the last three months. 7.92% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Truist Financial lowered their price objective on shares of DoorDash from $155.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Needham & Company LLC restated a “buy” rating and set a $137.00 price target on shares of DoorDash in a research note on Thursday, May 2nd. Wells Fargo & Company boosted their price target on shares of DoorDash from $100.00 to $125.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Piper Sandler upgraded shares of DoorDash from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $53.00 to $127.00 in a research note on Friday, March 15th. Finally, BMO Capital Markets decreased 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. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and an average price target of $134.79.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $108.78 on Friday. The company’s 50-day moving average is $115.60 and its 200 day moving average is $117.12. DoorDash, Inc. has a fifty-two week low of $69.90 and a fifty-two week high of $143.34.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share 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 net margin of 4.61% and a negative return on equity of 6.28%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.41) EPS. On average, analysts predict that DoorDash, Inc. will post 0.11 earnings per share for the current fiscal year.

About DoorDash

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.