Shona L. Brown Sells 1,712 Shares of DoorDash, Inc. (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) Director Shona L. Brown sold 1,712 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total transaction of $189,980.64. Following the sale, the director now owns 70,191 shares in the company, valued at approximately $7,789,095.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

DoorDash Stock Performance

NASDAQ:DASH opened at $108.78 on Friday. DoorDash, Inc. has a one year low of $69.90 and a one year high of $143.34. The business’s 50-day simple moving average is $115.60 and its 200 day simple moving average is $117.12. The stock has a market cap of $44.48 billion, a price-to-earnings ratio of -100.72, a price-to-earnings-growth ratio of 28.09 and a beta of 1.69.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DASH. Vanguard Group Inc. raised its stake in DoorDash by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock valued at $2,897,823,000 after buying an additional 2,259,976 shares in the last quarter. Baillie Gifford & Co. raised its stake in DoorDash by 6.4% during the fourth quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock valued at $1,263,381,000 after buying an additional 772,977 shares in the last quarter. Capital World Investors raised its stake in DoorDash by 0.8% during the first quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock valued at $1,304,242,000 after buying an additional 74,504 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in DoorDash by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock valued at $753,281,000 after buying an additional 242,956 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in DoorDash by 11,416.7% during the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after buying an additional 3,425,115 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of DoorDash from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Needham & Company LLC reiterated a “buy” rating and issued a $137.00 price target on shares of DoorDash in a report on Thursday, May 2nd. Loop Capital started coverage on shares of DoorDash in a report on Friday, April 19th. They issued a “buy” rating and a $170.00 price target on the stock. Finally, Wells Fargo & Company lifted their price target on shares of DoorDash from $100.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and an average target price of $134.79.

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.