DoorDash, Inc. (NASDAQ:DASH) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in DoorDash, Inc. (NASDAQ:DASH) by 1,190.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 70,190 shares of the company’s stock after buying an additional 64,751 shares during the period. Quantbot Technologies LP’s holdings in DoorDash were worth $7,635,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DASH. Spire Wealth Management acquired a new position in DoorDash in the first quarter valued at about $25,000. Meeder Asset Management Inc. raised its stake in shares of DoorDash by 82.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after acquiring an additional 132 shares during the period. Headlands Technologies LLC acquired a new position in shares of DoorDash in the 2nd quarter worth approximately $32,000. Versant Capital Management Inc lifted its holdings in shares of DoorDash by 340.8% in the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 259 shares during the last quarter. Finally, ORG Partners LLC boosted its position in shares of DoorDash by 2,108.3% during the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 253 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Stock Performance

DASH opened at $131.35 on Monday. The stock has a market capitalization of $53.71 billion, a P/E ratio of -121.62, a price-to-earnings-growth ratio of 275.59 and a beta of 1.69. DoorDash, Inc. has a one year low of $69.90 and a one year high of $143.34. The business’s 50-day simple moving average is $118.66 and its 200-day simple moving average is $121.28.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. DoorDash’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.44) EPS. On average, equities research analysts forecast that DoorDash, Inc. will post 0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $107.75, for a total value of $5,836,386.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction on Monday, July 1st. The shares were sold at an average price of $107.75, for a total value of $5,836,386.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Shona L. Brown sold 1,712 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total transaction of $189,980.64. Following the transaction, the director now owns 70,191 shares of the company’s stock, valued at approximately $7,789,095.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 254,769 shares of company stock valued at $28,250,113. Insiders own 7.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Oppenheimer lifted their target price on DoorDash from $125.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. DA Davidson upped their target price on shares of DoorDash from $110.00 to $119.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Argus began coverage on shares of DoorDash in a report on Tuesday, July 23rd. They set a “hold” rating on the stock. Redburn Atlantic began coverage on shares of DoorDash in a research note on Friday, July 26th. They issued a “buy” rating and a $170.00 price target for the company. Finally, Susquehanna increased their price objective on DoorDash from $135.00 to $140.00 and gave the company a “positive” rating in a research note on Monday, August 5th. Eleven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $142.57.

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.