Redpoint Investment Management Pty Ltd has acquired a new stake in DoorDash, Inc. (NYSE: DASH – Get Rating) in the 1st quarter, according to the company in its latest form 13F, filed with the SEC. The company bought 3,723 shares of the company’s stock worth approximately $ 436,000.
Other institutional investors have also recently added or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in DoorDash in the 4th quarter worth about $ 45,000. UMB Bank NA MO acquired a new position in DoorDash shares in the 4th quarter worth approximately $ 60,000. Itau Unibanco Holding SA acquired a new position in DoorDash shares in the 4th quarter worth approximately $ 70,000. The National Bank of Canada FI acquired a new position in DoorDash shares in the 4th quarter worth approximately $ 79,000. Finally, Icapital Wealth LLC acquired a new position in DoorDash shares in the first quarter worth approximately $ 102,000. 90.64% of the shares are currently owned by hedge funds and other institutional investors.
Shares of DASH opened $ 74.11 on Friday. The shares have a market capitalization of $ 26.03 billion, a P / E ratio of -48.44 and a beta of 1.03. The company has a 50-day simple moving average of $ 73.34 and a 200-day simple moving average of $ 101.71. DoorDash, Inc. has a 52-week low of $ 56.67 and a 52-week high of $ 257.25.
DoorDash (NYSE: DASH – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported ($ 0.48) EPS for the quarter, lacking a consensus estimate of ($ 0.38) with ($ 0.10). The company had revenue of $ 1.46 billion for the quarter, compared to analysts’ estimates of $ 1.38 billion. DoorDash had a negative return on equity of 11.29% and a negative net margin of 9.97%. Business revenues for the quarter increased by 35.2% compared to the same quarter last year. In the same quarter of the previous year, the business reported ($ 0.34) earnings per share. On average, analysts predict that DoorDash, Inc. will report -1.64 EPS for the current fiscal year.
Several brokers recently issued DASH reports. Needham & Company LLC lowered its target for DoorDash stock prices from $ 160.00 to $ 140.00 in a research note on Friday, May 6. Royal Bank of Canada lowered its target for DoorDash stock prices from $ 142.00 to $ 94.00 in a research note on Friday, May 6. Raymond James began covering DoorDash shares in a research note on Monday, June 6th. They issued a “market performance” rating for the shares. Susquehanna lowered its target for DoorDash stock prices from $ 145.00 to $ 100.00 in a research note on Friday, May 6. Finally, Goldman Sachs Group took over the coverage of DoorDash shares in a report on Tuesday, June 21. They issued a “neutral” rating and a target price of $ 67.00 for the company. Ten investment analysts rated stocks with a hold rating, thirteen gave a buy rating and one gave a strong stock buy rating. Based on data from MarketBeat.com, the shares currently have a consensus rating of “Moderate Buying” and a consensus target of $ 145.52.
In other news about DoorDash, Chief Operating Officer Christopher D. Payne sold 22,000 shares of DoorDash in a deal on Monday, March 28th. The shares were sold at an average price of $ 109.28, for a total value of $ 2,404,160.00. The transaction was disclosed in legal documentation in the Securities and Exchange Commission, which can be accessed through the SEC website. Also, chief legal counsel Tia Sheringham sold 625 shares of DoorDash shares in a deal on Monday, April 25th. The shares were sold at an average price of $ 88.00, for a total transaction of $ 55,000.00. Following the sale, the attorney general now owns 163,337 shares of the company’s stock worth $ 14,373,656. The disclosure for this sale can be found here. Over the past 90 days, insiders have sold 330,173 shares of the company worth $ 28,579,904. 15.54% of the shares are currently owned by corporate insiders.
About DoorDash (Get a rating)
DoorDash, Inc. operates a logistics platform that connects traders, consumers and dashers in the United States and internationally. He manages the DoorDash marketplace, which provides a range of services that enable merchants to address critical challenges such as customer engagement, delivery, insights and analysis, merchandising, payment processing and customer support; and offers DoorDash Drive, a logistics service with a white label; DoorDash Storefront, which allows merchants to offer consumers access to e-commerce on demand.
Want to see what other hedge funds hold DASH? Visit HoldingsChannel.com to receive the latest 13F orders and domestic deals for DoorDash, Inc. (NYSE: DASH – Get rating).
Receive news and reviews for DoorDash Daily – Enter your email address below to receive a brief daily summary of the latest news and analyst ratings for DoorDash and related companies with the FREE Daily Email Newsletter at MarketBeat.com.