DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 6.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,120 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Yousif Capital Management LLC’s holdings in DoorDash were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp raised its stake in shares of DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after purchasing an additional 359 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of DoorDash by 361.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after acquiring an additional 307 shares during the period. Covestor Ltd lifted its stake in shares of DoorDash by 101.2% in the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after acquiring an additional 253 shares during the period. Valley National Advisers Inc. purchased a new stake in shares of DoorDash in the fourth quarter valued at about $43,000. Finally, SJS Investment Consulting Inc. increased its stake in shares of DoorDash by 26.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after acquiring an additional 98 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on DASH. Jefferies Financial Group raised DoorDash from a “hold” rating to a “buy” rating and lifted their price objective for the company from $90.00 to $130.00 in a report on Monday, January 8th. Piper Sandler raised DoorDash from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $53.00 to $127.00 in a report on Friday, March 15th. Loop Capital began coverage on DoorDash in a report on Friday, April 19th. They issued a “buy” rating and a $170.00 target price for the company. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and upped their price target for the stock from $118.00 to $164.00 in a research note on Thursday, April 11th. Finally, Mizuho raised their price objective on shares of DoorDash from $140.00 to $152.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.96.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $117.59 on Tuesday. The company has a 50-day simple moving average of $131.86 and a 200-day simple moving average of $110.63. The company has a market cap of $47.51 billion, a PE ratio of -108.21, a price-to-earnings-growth ratio of 15.89 and a beta of 1.78. DoorDash, Inc. has a 12 month low of $62.83 and a 12 month high of $143.34.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. DoorDash’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.41) EPS. On average, analysts anticipate that DoorDash, Inc. will post 0.17 EPS for the current year.

Insider Activity at DoorDash

In other DoorDash news, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $141.60, for a total value of $99,120.00. Following the sale, the director now directly owns 70,111 shares of the company’s stock, valued at approximately $9,927,717.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Andy Fang sold 67,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $110.57, for a total transaction of $7,408,190.00. Following the completion of the transaction, the director now owns 40,969 shares of the company’s stock, valued at $4,529,942.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shona L. Brown sold 700 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $141.60, for a total transaction of $99,120.00. Following the transaction, the director now directly owns 70,111 shares in the company, valued at approximately $9,927,717.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 487,082 shares of company stock worth $63,970,010. 9.59% of the stock is currently owned by insiders.

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.