17,600 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. purchased a new stake in DoorDash, Inc. (NASDAQ:DASH) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 17,600 shares of the company’s stock, valued at approximately $2,952,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pittenger & Anderson Inc. acquired a new stake in DoorDash in the 4th quarter valued at approximately $29,000. Denver PWM LLC bought a new position in shares of DoorDash during the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $34,000. IFP Advisors Inc lifted its position in shares of DoorDash by 31.8% in the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after purchasing an additional 54 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Analyst Ratings Changes

DASH has been the topic of several recent research reports. Truist Financial lifted their price target on shares of DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Mizuho raised their price objective on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Barclays upped their target price on DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, February 13th. Loop Capital raised their price target on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $230.00 price objective on shares of DoorDash in a research note on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.97.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $202.00 on Friday. The firm has a market cap of $84.86 billion, a price-to-earnings ratio of 748.15 and a beta of 1.68. The stock’s fifty day moving average price is $186.03 and its two-hundred day moving average price is $182.14. DoorDash, Inc. has a one year low of $99.32 and a one year high of $215.25.

DoorDash (NASDAQ:DASH) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the firm earned ($0.06) earnings per share. On average, equities analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Ravi Inukonda sold 15,198 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the sale, the chief financial officer now owns 351,970 shares in the company, valued at $71,840,596.70. The trade was a 4.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the transaction, the director now directly owns 18,285 shares of the company’s stock, valued at $3,313,424.85. This represents a 71.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 158,573 shares of company stock valued at $30,407,073 over the last quarter. 5.83% of the stock is owned by company 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.