1,913 Shares in DoorDash, Inc. (NASDAQ:DASH) Acquired by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC acquired a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,913 shares of the company’s stock, valued at approximately $208,000.

Other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its position in DoorDash by 54.5% in the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after purchasing an additional 90 shares during the period. Hillsdale Investment Management Inc. grew its position in shares of DoorDash by 1.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock worth $647,000 after buying an additional 100 shares during the period. Summit Trail Advisors LLC raised its stake in shares of DoorDash by 0.3% during the first quarter. Summit Trail Advisors LLC now owns 36,925 shares of the company’s stock worth $5,085,000 after buying an additional 106 shares during the last quarter. GAMMA Investing LLC lifted its holdings in DoorDash by 17.2% in the first quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $101,000 after buying an additional 108 shares during the period. Finally, SJS Investment Consulting Inc. boosted its stake in DoorDash by 21.0% in the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock valued at $73,000 after acquiring an additional 117 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash Stock Up 0.0 %

Shares of NASDAQ:DASH traded up $0.01 during midday trading on Friday, reaching $128.81. The company had a trading volume of 1,876,787 shares, compared to its average volume of 4,089,442. DoorDash, Inc. has a 1-year low of $69.90 and a 1-year high of $143.34. The stock has a market cap of $52.67 billion, a PE ratio of -119.27, a P/E/G ratio of 40.25 and a beta of 1.67. The business’s 50 day moving average price is $113.27 and its 200 day moving average price is $120.19.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative return on equity of 6.00% and a negative net margin of 4.24%. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.44) EPS. On average, research analysts expect that DoorDash, Inc. will post 0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DASH. Needham & Company LLC increased their price target on DoorDash from $137.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Susquehanna boosted their target price on DoorDash from $135.00 to $140.00 and gave the stock a “positive” rating in a research report on Monday, August 5th. JMP Securities increased their price target on shares of DoorDash from $140.00 to $145.00 and gave the company a “market outperform” rating in a research report on Friday, August 2nd. Citigroup lifted their price objective on shares of DoorDash from $141.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, DA Davidson upped their target price on shares of DoorDash from $110.00 to $119.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Eleven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.93.

Insider Buying and Selling

In other news, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $104.96, for a total value of $5,685,263.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $104.96, for a total transaction of $5,685,263.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Keith Yandell sold 12,088 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $111.84, for a total value of $1,351,921.92. Following the transaction, the insider now directly owns 161,651 shares in the company, valued at $18,079,047.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 506,447 shares of company stock worth $56,314,905. Insiders own 7.92% of the company’s stock.

DoorDash 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.