DoorDash (NASDAQ:DASH) Insider Sells $438,459.84 in Stock

DoorDash, Inc. (NASDAQ:DASH) insider Keith Yandell sold 2,184 shares of DoorDash stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $200.76, for a total value of $438,459.84. Following the sale, the insider directly owned 120,688 shares of the company’s stock, valued at approximately $24,229,322.88. This represents a 1.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DoorDash Stock Down 1.5%

Shares of DASH stock opened at $189.27 on Thursday. The stock’s 50-day simple moving average is $205.94 and its 200-day simple moving average is $180.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $82.01 billion, a PE ratio of 99.09 and a beta of 1.79. DoorDash, Inc. has a fifty-two week low of $143.30 and a fifty-two week high of $285.50.

DoorDash (NASDAQ:DASH) last released 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 firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. Equities analysts expect that DoorDash, Inc. will post 2.51 earnings per share for the current year.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: New retail-insights platform: DoorDash introduced a service giving brands purchase-based consumer signals and shelf-scan data. The offering could deepen relationships with retailers and create additional data and advertising opportunities beyond delivery. DoorDash hands brands live shelf data and retail insights
• Neutral Sentiment: Insider sale appears limited: Chief Business Officer Keith Yandell sold 2,184 shares worth approximately $438,460 under a pre-arranged Rule 10b5-1 plan. He retained more than 120,000 shares, reducing the transaction’s significance as a bearish signal. DoorDash insider sale
• Negative Sentiment: $131.5 million New York settlement: DoorDash agreed to resolve a city investigation into underpaid or delayed worker compensation, including $12.3 million in direct payments to drivers. The settlement creates an immediate cost and may increase scrutiny of gig-worker pay practices in other markets. DoorDash reaches New York settlement over worker pay
• Negative Sentiment: Momentum and valuation concerns: DoorDash’s recent decline has been substantially worse than comparable groups. With the stock trading below its 50-day average and at roughly 99 times earnings, investors may be demanding stronger execution despite 35.6% year-over-year revenue growth and a recent EPS shortfall. DoorDash stock decline analysis
• Negative Sentiment: Driver-safety and reputational risk: Reports concerning a DoorDash driver shot while making a delivery could intensify scrutiny of worker safety and the company’s responsibilities toward contractors, although no material financial impact has been disclosed. New York delivery-app worker pay and safety report

Analysts Set New Price Targets

Several brokerages recently weighed in on DASH. Sanford C. Bernstein reiterated an “outperform” rating on shares of DoorDash in a research report on Thursday, September 3rd. Susquehanna raised their target price on DoorDash from $225.00 to $250.00 and gave the company a “positive” rating in a research report on Friday, August 7th. Benchmark cut their price target on DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Barclays cut DoorDash from an “equal weight” rating to a “strong sell” rating in a report on Monday, August 24th. Finally, Argus set a $190.00 price target on DoorDash in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $257.47.

Institutional Investors Weigh In On DoorDash

Several institutional investors have recently bought and sold shares of DASH. MV Capital Management Inc. purchased a new position in shares of DoorDash in the fourth quarter valued at approximately $26,000. Washington Trust Advisors Inc. increased its position in shares of DoorDash by 81.0% during the second quarter. Washington Trust Advisors Inc. now owns 143 shares of the company’s stock worth $26,000 after purchasing an additional 64 shares in the last quarter. Clearstead Trust LLC increased its position in shares of DoorDash by 256.2% during the fourth quarter. Clearstead Trust LLC now owns 228 shares of the company’s stock worth $52,000 after purchasing an additional 164 shares in the last quarter. CENTRAL TRUST Co raised its stake in DoorDash by 269.4% in the 1st quarter. CENTRAL TRUST Co now owns 266 shares of the company’s stock valued at $40,000 after purchasing an additional 194 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. raised its stake in DoorDash by 60.3% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 287 shares of the company’s stock valued at $65,000 after purchasing an additional 108 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.