Vise Technologies Inc. Makes New Investment in DoorDash, Inc. $DASH

Vise Technologies Inc. purchased a new stake in DoorDash, Inc. (NASDAQ:DASH) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,098 shares of the company’s stock, valued at approximately $764,000.

A number of other institutional investors have also added to or reduced their stakes in DASH. GFG Capital LLC purchased a new position in DoorDash during the 2nd quarter valued at about $30,000. Saudi Central Bank bought a new position in shares of DoorDash in the first quarter valued at approximately $25,000. WPG Advisers LLC purchased a new position in DoorDash during the first quarter valued at approximately $26,000. Pacific Center for Financial Services bought a new stake in DoorDash during the 1st quarter worth approximately $27,000. Finally, Harbour Investments Inc. grew its position in shares of DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock valued at $36,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Insider Buying and Selling

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $243.31, for a total value of $11,048,707.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Prabir Adarkar sold 41,881 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $245.82, for a total transaction of $10,295,187.42. Following the completion of the transaction, the chief operating officer owned 914,547 shares in the company, valued at $224,813,943.54. This represents a 4.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 791,110 shares of company stock valued at $196,549,692 over the last quarter. Company insiders own 5.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group increased their price objective on DoorDash from $265.00 to $280.00 and gave the stock a “hold” rating in a research report on Friday, October 17th. KeyCorp restated an “overweight” rating and issued a $325.00 target price (up from $295.00) on shares of DoorDash in a research note on Thursday, August 7th. Cantor Fitzgerald lowered their price target on DoorDash from $330.00 to $270.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Oppenheimer reissued an “outperform” rating and set a $280.00 price objective on shares of DoorDash in a report on Thursday, November 6th. Finally, Piper Sandler upped their price objective on shares of DoorDash from $210.00 to $290.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $279.00.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $195.21 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The stock has a market cap of $83.39 billion, a PE ratio of 99.09 and a beta of 1.70. The company’s fifty day moving average is $254.94 and its 200 day moving average is $237.68. DoorDash, Inc. has a 52 week low of $155.40 and a 52 week high of $285.50.

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). DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the prior year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 27.3% on a year-over-year basis. Research analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current year.

DoorDash 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.