Ashley Still Sells 63 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) Director Ashley Still sold 63 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $239.66, for a total value of $15,098.58. Following the completion of the sale, the director owned 2,416 shares in the company, valued at approximately $579,018.56. The trade was a 2.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Ashley Still also recently made the following trade(s):

• On Thursday, October 2nd, Ashley Still sold 62 shares of DoorDash stock. The stock was sold at an average price of $268.90, for a total value of $16,671.80.
• On Wednesday, September 3rd, Ashley Still sold 63 shares of DoorDash stock. The stock was sold at an average price of $243.99, for a total value of $15,371.37.

DoorDash Trading Down 17.4%

Shares of NASDAQ DASH traded down $41.52 during midday trading on Thursday, hitting $196.48. The company’s stock had a trading volume of 16,277,792 shares, compared to its average volume of 4,390,281. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $260.58 and its two-hundred day moving average is $237.30. DoorDash, Inc. has a 12-month low of $155.40 and a 12-month high of $285.50. The firm has a market cap of $83.93 billion, a P/E ratio of 109.15 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.13). The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.35 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. As a group, equities research analysts expect that DoorDash, Inc. will post 2.22 EPS for the current year.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Night Squared LP acquired a new position in DoorDash in the 1st quarter worth about $2,780,000. Mutual of America Capital Management LLC acquired a new position in DoorDash in the 1st quarter worth about $7,200,000. Public Investment Fund raised its holdings in DoorDash by 68.3% in the 1st quarter. Public Investment Fund now owns 821,389 shares of the company’s stock worth $150,125,000 after purchasing an additional 333,369 shares during the period. Ardmore Road Asset Management LP raised its holdings in DoorDash by 6.7% in the 1st quarter. Ardmore Road Asset Management LP now owns 80,000 shares of the company’s stock worth $14,622,000 after purchasing an additional 5,000 shares during the period. Finally, Junto Capital Management LP acquired a new position in DoorDash in the 1st quarter worth about $29,261,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on DoorDash from $238.00 to $288.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Wall Street Zen downgraded DoorDash from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. BTIG Research restated a “buy” rating and set a $315.00 target price on shares of DoorDash in a research note on Thursday. Guggenheim upgraded DoorDash to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, Jefferies Financial Group boosted their target price on DoorDash from $265.00 to $280.00 and gave the stock a “hold” rating in a research note on Friday, October 17th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $283.88.

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.