Public Employees Retirement Association of Colorado Grows Holdings in DoorDash, Inc. (NASDAQ:DASH)

Public Employees Retirement Association of Colorado grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 9.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,161 shares of the company’s stock after purchasing an additional 3,254 shares during the period. Public Employees Retirement Association of Colorado’s holdings in DoorDash were worth $4,260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DASH. Meeder Asset Management Inc. increased its stake in shares of DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after buying an additional 132 shares during the period. Headlands Technologies LLC purchased a new position in shares of DoorDash during the second quarter valued at $32,000. Versant Capital Management Inc increased its stake in shares of DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after buying an additional 259 shares during the period. ORG Partners LLC grew its stake in DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after purchasing an additional 253 shares during the last quarter. Finally, Quest Partners LLC grew its stake in DoorDash by 146.8% in the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the topic of several analyst reports. Evercore ISI lifted their target price on DoorDash from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Truist Financial lifted their target price on DoorDash from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Wedbush reiterated a “neutral” rating and issued a $115.00 target price on shares of DoorDash in a research note on Friday, August 2nd. JMP Securities lifted their target price on DoorDash from $140.00 to $145.00 and gave the company a “market outperform” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley lifted their target price on DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.00.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Shona L. Brown sold 1,712 shares of the business’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 value of $189,980.64. Following the completion of the transaction, the director now directly owns 70,191 shares of the company’s stock, valued at $7,789,095.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Shona L. Brown sold 1,712 shares of the business’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 value of $189,980.64. Following the completion of the sale, the director now directly owns 70,191 shares in the company, valued at $7,789,095.27. The transaction 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 business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the sale, the director now owns 18,089 shares of the company’s stock, valued at $2,355,187.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 304,769 shares of company stock valued at $34,760,113. 7.92% of the stock is owned by company insiders.

DoorDash Trading Up 1.8 %

Shares of NASDAQ:DASH opened at $139.72 on Monday. DoorDash, Inc. has a 12-month low of $69.90 and a 12-month high of $143.34. The company has a market capitalization of $57.13 billion, a PE ratio of -129.37, a PEG ratio of 275.59 and a beta of 1.69. The business has a 50 day moving average of $121.37 and a two-hundred day moving average of $121.44.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the firm posted ($0.44) earnings per share. The company’s revenue was up 23.3% compared to the same quarter last year. Equities research analysts predict that DoorDash, Inc. will post 0.01 earnings per share 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.