DoorDash, Inc. (NYSE:DASH) Director Stanley Tang sold 3,401 shares of DoorDash stock in a transaction dated Thursday, May 20th. The shares were sold at an average price of $136.72, for a total value of $464,984.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE:DASH traded up $0.57 during mid-day trading on Friday, reaching $137.57. The stock had a trading volume of 3,243,786 shares, compared to its average volume of 3,352,481. DoorDash, Inc. has a 1 year low of $110.13 and a 1 year high of $256.09. The business has a 50 day moving average of $139.03.
DoorDash (NYSE:DASH) last issued its quarterly earnings data on Thursday, February 25th. The company reported ($2.67) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.75) by ($1.92). The business had revenue of $970.00 million during the quarter, compared to the consensus estimate of $927.88 million. Equities research analysts predict that DoorDash, Inc. will post -2.63 earnings per share for the current year.
Several brokerages have recently commented on DASH. Mizuho reduced their price objective on DoorDash from $170.00 to $155.00 and set a “neutral” rating on the stock in a research report on Friday, May 14th. Wolfe Research started coverage on DoorDash in a research note on Wednesday, March 31st. They set an “outperform” rating and a $180.00 price objective on the stock. Truist Securities upgraded DoorDash from a “hold” rating to a “buy” rating and upped their target price for the stock from $180.00 to $185.00 in a report on Thursday. Truist upgraded DoorDash from a “hold” rating to a “buy” rating and increased their price objective for the company from $180.00 to $185.00 in a report on Friday, May 14th. Finally, Wells Fargo & Company raised shares of DoorDash from an “equal weight” rating to an “overweight” rating and set a $170.00 price target on the stock in a research note on Thursday. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. DoorDash has a consensus rating of “Hold” and a consensus price target of $166.72.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. SB Investment Advisers UK Ltd. bought a new stake in DoorDash during the fourth quarter worth approximately $8,989,465,000. SC US Ttgp LTD. bought a new position in shares of DoorDash during the fourth quarter valued at approximately $7,426,893,000. Morgan Stanley grew its stake in shares of DoorDash by 81.4% during the first quarter. Morgan Stanley now owns 10,920,357 shares of the company’s stock valued at $1,431,986,000 after buying an additional 4,899,900 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of DoorDash by 24.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,568,844 shares of the company’s stock valued at $1,237,989,000 after buying an additional 1,862,768 shares during the last quarter. Finally, Coatue Management LLC grew its stake in shares of DoorDash by 5.8% during the first quarter. Coatue Management LLC now owns 9,258,184 shares of the company’s stock valued at $1,214,027,000 after buying an additional 507,479 shares during the last quarter.
DoorDash Company Profile
DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.
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