David J Yvars Group Buys Shares of 2,845 DoorDash, Inc. (NASDAQ:DASH)

David J Yvars Group purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,845 shares of the company’s stock, valued at approximately $477,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. boosted its position in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the period. Meeder Asset Management Inc. lifted its holdings in DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after buying an additional 132 shares during the period. Headlands Technologies LLC bought a new stake in DoorDash in the second quarter worth approximately $32,000. ORG Wealth Partners LLC bought a new stake in shares of DoorDash in the 4th quarter valued at $36,000. Finally, Quest Partners LLC lifted its position in shares of DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after acquiring an additional 204 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

Insider Transactions at DoorDash

In related news, Director Andy Fang sold 50,000 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $172.67, for a total value of $8,633,500.00. Following the sale, the director now owns 18,089 shares in the company, valued at approximately $3,123,427.63. This trade represents a 73.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $170.25, for a total value of $18,443,523.00. Following the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $255,375. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 919,321 shares of company stock valued at $160,637,965. 7.92% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DASH shares. Cantor Fitzgerald reissued an “overweight” rating and set a $160.00 price objective on shares of DoorDash in a research report on Monday, October 7th. Jefferies Financial Group raised their price objective on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. BTIG Research raised shares of DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Thursday, September 19th. Morgan Stanley boosted their target price on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Royal Bank of Canada raised their price target on shares of DoorDash from $175.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $174.30.

DoorDash Trading Down 1.0 %

DoorDash stock opened at $168.37 on Tuesday. The firm has a 50 day simple moving average of $173.31 and a 200 day simple moving average of $144.48. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $181.78. The firm has a market capitalization of $69.94 billion, a price-to-earnings ratio of -374.16, a P/E/G ratio of 13.46 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the previous year, the company posted ($0.19) EPS. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, equities research analysts forecast that DoorDash, Inc. will post 0.26 EPS for the current year.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.