DoorDash, Inc. (NYSE:DASH) Director Andy Fang Sells 67,000 Shares

DoorDash, Inc. (NYSE:DASH) Director Andy Fang sold 67,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $95.11, for a total value of $6,372,370.00. Following the completion of the transaction, the director now owns 45,296 shares of the company’s stock, valued at approximately $4,308,102.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, October 13th, Andy Fang sold 67,000 shares of DoorDash stock. The stock was sold at an average price of $78.66, for a total transaction of $5,270,220.00.
• On Friday, September 8th, Andy Fang sold 67,000 shares of DoorDash stock. The stock was sold at an average price of $80.97, for a total value of $5,424,990.00.
• On Friday, August 25th, Andy Fang sold 67,000 shares of DoorDash stock. The stock was sold at an average price of $77.23, for a total value of $5,174,410.00.

DoorDash Stock Performance

DoorDash stock opened at $95.75 on Tuesday. DoorDash, Inc. has a 1 year low of $45.93 and a 1 year high of $96.01. The company’s 50 day simple moving average is $80.53 and its 200-day simple moving average is $77.91. The company has a market capitalization of $38.13 billion, a price-to-earnings ratio of -35.59 and a beta of 1.61.

DoorDash (NYSE:DASH) last announced its quarterly earnings data on Wednesday, November 1st. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.26. The firm had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.09 billion. DoorDash had a negative net margin of 12.81% and a negative return on equity of 9.88%. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.77) earnings per share. Equities analysts expect that DoorDash, Inc. will post -1.26 earnings per share for the current year.

Analysts Set New Price Targets

DASH has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded DoorDash from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $70.00 to $90.00 in a research report on Monday, September 11th. Needham & Company LLC restated a “buy” rating and issued a $105.00 price objective on shares of DoorDash in a report on Wednesday, November 15th. Moffett Nathanson lowered shares of DoorDash from an “outperform” rating to a “market perform” rating in a research note on Friday, September 15th. Susquehanna increased their price target on shares of DoorDash from $85.00 to $110.00 and gave the stock a “positive” rating in a research note on Thursday, August 3rd. Finally, Barclays upped their target price on DoorDash from $90.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, DoorDash has an average rating of “Hold” and a consensus target price of $94.18.

Institutional Investors Weigh In On DoorDash

A number of hedge funds have recently bought and sold shares of DASH. Manchester Capital Management LLC acquired a new position in DoorDash in the first quarter valued at $25,000. Fifth Third Bancorp raised its stake in shares of DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after purchasing an additional 359 shares during the last quarter. Covestor Ltd lifted its holdings in shares of DoorDash by 101.2% during the third quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after purchasing an additional 253 shares during the period. Natixis purchased a new position in DoorDash in the 2nd quarter valued at $52,000. Finally, Loomis Sayles & Co. L P increased its stake in DoorDash by 1,274.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 701 shares of the company’s stock valued at $56,000 after buying an additional 650 shares during the period. Institutional investors and hedge funds own 75.84% of the company’s stock.

About DoorDash

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels.