Andy Fang Sells 15,000 Shares of DoorDash (NASDAQ:DASH) Stock

DoorDash, Inc. (NASDAQ:DASH) Director Andy Fang sold 15,000 shares of DoorDash stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $228.31, for a total transaction of $3,424,650.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andy Fang also recently made the following trade(s):

• On Wednesday, June 24th, Andy Fang sold 5,000 shares of DoorDash stock. The stock was sold at an average price of $180.00, for a total transaction of $900,000.00.

DoorDash Price Performance

Shares of DoorDash stock opened at $197.24 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. DoorDash, Inc. has a 52-week low of $143.30 and a 52-week high of $285.50. The company has a fifty day moving average of $204.83 and a 200-day moving average of $179.36. The stock has a market capitalization of $85.46 billion, a price-to-earnings ratio of 103.27 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The business had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.DoorDash’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. Equities research analysts expect that DoorDash, Inc. will post 2.49 EPS for the current year.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Retail expansion: DoorDash is partnering with fashion brands including SKIMS and Windsor to deliver last-minute clothing and wardrobe items. The deals support DoorDash’s strategy of expanding beyond restaurant delivery, potentially increasing order frequency and broadening its addressable market. Windsor DoorDash partnership SKIMS DoorDash partnership
• Positive Sentiment: Technology and marketing visibility: DoorDash Labs was named Innovation Team of the Year, while a new Jameis Winston advertising campaign and football-season rewards promotion could support brand awareness and customer engagement. These developments are strategically favorable but have limited immediate earnings impact. DoorDash Labs award Jameis Winston DoorDash advertisement
• Neutral Sentiment: Human-interest coverage involving DoorDash orders, tipping and recipes is unlikely to materially affect the company’s financial outlook. Chicken recipes and DoorDash
• Negative Sentiment: Director Andy Fang sold 15,000 DASH shares for approximately $3.42 million at an average price of $228.31. Because the sale was executed under a pre-arranged Rule 10b5-1 plan, it is a weaker bearish signal, but it may still weigh on sentiment given the stock’s premium valuation. DoorDash director insider sale

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DASH shares. Wedbush boosted their target price on DoorDash from $205.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. UBS Group restated a “buy” rating and set a $295.00 price target on shares of DoorDash in a research report on Tuesday. Bank of America reaffirmed a “buy” rating on shares of DoorDash in a research note on Thursday, August 6th. KeyCorp lowered their price objective on DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of DoorDash in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $257.47.

Institutional Trading of DoorDash

Large investors have recently modified their holdings of the business. CYBER HORNET ETFs LLC raised its position in DoorDash by 6.5% during the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock valued at $222,000 after purchasing an additional 60 shares during the last quarter. Vise Technologies Inc. grew its position in shares of DoorDash by 1.8% in the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock worth $796,000 after buying an additional 63 shares during the last quarter. Washington Trust Advisors Inc. grew its position in shares of DoorDash by 81.0% in the 2nd quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after buying an additional 64 shares during the last quarter. Premier Path Wealth Partners LLC increased its stake in shares of DoorDash by 2.7% during the second quarter. Premier Path Wealth Partners LLC now owns 2,520 shares of the company’s stock valued at $465,000 after buying an additional 67 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in shares of DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after buying an additional 67 shares during the period. 90.64% of the stock is owned by institutional investors.

DoorDash Company Profile

DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.

The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.