Groupama Asset Managment Sells 2,630 Shares of DoorDash, Inc. $DASH

Groupama Asset Managment reduced its holdings in DoorDash, Inc. (NASDAQ:DASH) by 62.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,591 shares of the company’s stock after selling 2,630 shares during the quarter. Groupama Asset Managment’s holdings in DoorDash were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DASH. MV Capital Management Inc. acquired a new stake in DoorDash during the 4th quarter worth $26,000. Swiss RE Ltd. acquired a new position in shares of DoorDash in the 4th quarter valued at $28,000. ST Germain D J Co. Inc. acquired a new position in shares of DoorDash in the 4th quarter valued at $29,000. Kemnay Advisory Services Inc. bought a new position in shares of DoorDash in the 4th quarter worth $32,000. Finally, Sunbelt Securities Inc. boosted its position in shares of DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

DoorDash Trading Up 2.2%

NASDAQ DASH opened at $200.50 on Tuesday. DoorDash, Inc. has a 52 week low of $143.30 and a 52 week high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43. The stock’s 50 day moving average price is $176.41 and its two-hundred day moving average price is $174.52. The stock has a market capitalization of $87.36 billion, a price-to-earnings ratio of 95.48 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the business earned $0.44 EPS. The business’s quarterly revenue was up 33.1% on a year-over-year basis. As a group, analysts anticipate that DoorDash, Inc. will post 2.39 earnings per share for the current fiscal year.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: UBS raised its DoorDash price target from $214 to $223 while maintaining a neutral rating, citing enough potential upside to support the higher target. Benzinga
• Positive Sentiment: Benchmark lowered its target from $285 to $270 but kept a buy rating. The revised target still implies substantial upside, signaling continued confidence in DoorDash’s longer-term growth. The Fly
• Positive Sentiment: Analysts expect strong Q2 demand, increasing order volume and continued grocery momentum. Investors will focus on gross bookings, revenue growth, profitability and management’s outlook when results are released Aug. 5. DoorDash Q2 Earnings Preview
• Neutral Sentiment: DoorDash is exploring drone delivery and is using its Dot robots for restaurant-to-customer deliveries. These initiatives could eventually reduce delivery costs and expand capacity, but they remain early-stage and require substantial investment. DoorDash Drone Delivery
• Neutral Sentiment: A viral story about a creator donating to a DoorDash driver’s wedding provides favorable publicity but has no clear financial effect on DASH. DoorDash Driver Wedding Donation
• Negative Sentiment: Reports that gig workers must load restaurant orders into Dot robots highlight a current automation limitation. Added labor costs undermine the near-term efficiency benefits and reinforce concerns about heavy investment spending and competition. DoorDash Robot Loading Costs

Wall Street Analyst Weigh In

DASH has been the subject of a number of analyst reports. TD Cowen reaffirmed a “buy” rating on shares of DoorDash in a research note on Wednesday, July 15th. Argus set a $190.00 target price on DoorDash in a research note on Thursday, June 11th. BTIG Research reduced their target price on DoorDash from $280.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, June 12th. Zacks Research lowered DoorDash from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Finally, DA Davidson cut their price target on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $252.72.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 5,000 shares of DoorDash stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $180.00, for a total value of $900,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 23,125 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $191.19, for a total transaction of $4,421,268.75. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 74,927 shares of company stock valued at $13,241,532 in the last three months. 5.28% of the stock is currently owned by insiders.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.