Steward Partners Investment Advisory LLC raised its position in DoorDash, Inc. (NYSE:DASH – Get Rating) by 6,558.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,132 shares of the company’s stock after purchasing an additional 1,115 shares during the period. Steward Partners Investment Advisory LLC’s holdings in DoorDash were worth $133,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of DASH. National Bank of Canada FI bought a new stake in shares of DoorDash during the 4th quarter worth $79,000. Janney Montgomery Scott LLC bought a new stake in shares of DoorDash during the 4th quarter worth $965,000. State of Michigan Retirement System bought a new stake in shares of DoorDash during the 4th quarter worth $711,000. Allspring Global Investments Holdings LLC bought a new stake in shares of DoorDash during the 4th quarter worth $41,981,000. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of DoorDash by 44.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 64,311 shares of the company’s stock worth $9,576,000 after acquiring an additional 19,893 shares during the last quarter. 90.64% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
DASH has been the subject of a number of research analyst reports. Evercore ISI dropped their price objective on shares of DoorDash from $135.00 to $116.00 and set an “outperform” rating for the company in a report on Thursday, June 2nd. Mizuho lowered their price target on shares of DoorDash from $150.00 to $100.00 in a research note on Friday, May 6th. Morgan Stanley initiated coverage on shares of DoorDash in a research note on Monday, April 25th. They issued an “equal weight” rating and a $100.00 price target for the company. Raymond James initiated coverage on shares of DoorDash in a research note on Monday, June 6th. They issued a “market perform” rating for the company. Finally, JPMorgan Chase & Co. lowered their price target on shares of DoorDash from $100.00 to $90.00 and set a “neutral” rating for the company in a research note on Wednesday, June 29th. Ten equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average target price of $139.24.
Insider Transactions at DoorDash
DoorDash Stock Performance
Shares of DASH opened at $72.03 on Tuesday. The stock has a market cap of $25.30 billion, a PE ratio of -47.08 and a beta of 1.18. DoorDash, Inc. has a fifty-two week low of $56.67 and a fifty-two week high of $257.25. The firm’s 50-day simple moving average is $69.58 and its two-hundred day simple moving average is $88.00.
DoorDash (NYSE:DASH – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.10). The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.38 billion. DoorDash had a negative return on equity of 11.29% and a negative net margin of 9.97%. DoorDash’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.34) EPS. Equities research analysts predict that DoorDash, Inc. will post -1.64 EPS for the current year.
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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