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DoorDash, Inc. (NASDAQ:DASH – Get Free Report) Director Andy Fang sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $275.74, for a total transaction of $13,787,000.00. Following the completion of the sale, the director owned 22,545 shares of the company’s stock, valued at approximately $6,216,558.30. This trade represents a 68.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Andy Fang also recently made the following trade(s):
- On Friday, August 1st, Andy Fang sold 30,000 shares of DoorDash stock. The shares were sold at an average price of $247.04, for a total transaction of $7,411,200.00.
- On Tuesday, July 1st, Andy Fang sold 30,000 shares of DoorDash stock. The shares were sold at an average price of $240.66, for a total transaction of $7,219,800.00.
- On Thursday, June 5th, Andy Fang sold 30,000 shares of DoorDash stock. The shares were sold at an average price of $217.52, for a total transaction of $6,525,600.00.
DoorDash Trading Down 1.2%
Shares of DASH stock opened at $256.09 on Tuesday. DoorDash, Inc. has a 12-month low of $121.44 and a 12-month high of $278.15. The company has a market capitalization of $108.52 billion, a P/E ratio of 142.27 and a beta of 1.70. The firm has a 50-day moving average price of $236.97 and a 200 day moving average price of $207.32. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.30.
DoorDash (NASDAQ:DASH – Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period last year, the firm posted ($0.38) EPS. The firm’s quarterly revenue was up 24.9% on a year-over-year basis. Research analysts forecast that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.
Hedge Funds Weigh In On DoorDash
A number of institutional investors have recently modified their holdings of DASH. Saudi Central Bank bought a new position in shares of DoorDash in the first quarter worth about $25,000. WPG Advisers LLC bought a new position in shares of DoorDash in the first quarter worth about $26,000. Pacific Center for Financial Services bought a new position in shares of DoorDash in the first quarter worth about $27,000. GFG Capital LLC bought a new position in shares of DoorDash in the second quarter worth about $30,000. Finally, Harbour Investments Inc. raised its stake in shares of DoorDash by 55.6% in the first quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock worth $36,000 after acquiring an additional 70 shares during the last quarter. 90.64% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms have weighed in on DASH. Oppenheimer upped their price objective on shares of DoorDash from $280.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Roth Capital upped their price objective on shares of DoorDash from $191.00 to $225.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. KeyCorp reiterated an “overweight” rating and issued a $325.00 price objective (up previously from $295.00) on shares of DoorDash in a research note on Thursday. Stifel Nicolaus upped their price objective on shares of DoorDash from $214.00 to $239.00 and gave the company a “hold” rating in a research note on Thursday, August 7th. Finally, Benchmark upped their price objective on shares of DoorDash from $260.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Twelve analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $263.88.
Check Out Our Latest Stock Report on DoorDash
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.
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