Sigma Planning Corp Purchases 1,000 Shares of DoorDash, Inc. (NASDAQ:DASH)

Sigma Planning Corp raised its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 33.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,001 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Sigma Planning Corp’s holdings in DoorDash were worth $396,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after acquiring an additional 359 shares during the period. Valley National Advisers Inc. acquired a new position in shares of DoorDash during the fourth quarter valued at about $43,000. SJS Investment Consulting Inc. raised its position in shares of DoorDash by 26.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after buying an additional 98 shares during the last quarter. Covestor Ltd raised its position in shares of DoorDash by 101.2% during the third quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after buying an additional 253 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of DoorDash by 182.0% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 564 shares of the company’s stock valued at $56,000 after buying an additional 364 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 132,300 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total value of $17,663,373.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CAO Gordon S. Lee sold 1,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $124.50, for a total transaction of $124,500.00. Following the sale, the chief accounting officer now directly owns 92,207 shares in the company, valued at $11,479,771.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total transaction of $17,663,373.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 497,282 shares of company stock worth $64,885,042. Company insiders own 9.59% of the company’s stock.

DoorDash Stock Performance

Shares of DASH stock opened at $132.11 on Friday. The firm’s 50 day moving average price is $131.30 and its two-hundred day moving average price is $108.59. The stock has a market cap of $53.37 billion, a PE ratio of -92.38, a PEG ratio of 14.10 and a beta of 1.79. DoorDash, Inc. has a 52-week low of $57.39 and a 52-week high of $143.34.

DoorDash (NASDAQ:DASH) last posted its earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The company’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.63) earnings per share. As a group, sell-side analysts predict that DoorDash, Inc. will post 0.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DASH shares. Wedbush increased their price target on shares of DoorDash from $92.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, February 16th. Oppenheimer raised their price objective on shares of DoorDash from $110.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. JMP Securities raised their price objective on shares of DoorDash from $130.00 to $160.00 and gave the stock a “market outperform” rating in a report on Wednesday, March 27th. Jefferies Financial Group raised shares of DoorDash from a “hold” rating to a “buy” rating and raised their price objective for the stock from $90.00 to $130.00 in a report on Monday, January 8th. Finally, Wells Fargo & Company raised their price objective on shares of DoorDash from $100.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.52.

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.