Retireful LLC Buys Shares of 4,346 DoorDash, Inc. (NASDAQ:DASH)

Retireful LLC purchased a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the third quarter, HoldingsChannel.com reports. The fund purchased 4,346 shares of the company’s stock, valued at approximately $620,000.

A number of other institutional investors have also recently made changes to their positions in DASH. First Horizon Advisors Inc. increased its position in DoorDash by 86.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 656 shares of the company’s stock valued at $94,000 after buying an additional 304 shares in the last quarter. Commerce Bank increased its holdings in shares of DoorDash by 63.9% during the third quarter. Commerce Bank now owns 6,525 shares of the company’s stock valued at $931,000 after acquiring an additional 2,543 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of DoorDash by 4.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 16,565 shares of the company’s stock valued at $2,364,000 after purchasing an additional 676 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in DoorDash in the 3rd quarter worth approximately $1,026,000. Finally, Caprock Group LLC grew its position in DoorDash by 48.2% during the 3rd quarter. Caprock Group LLC now owns 3,409 shares of the company’s stock worth $487,000 after purchasing an additional 1,109 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

DASH stock opened at $176.18 on Wednesday. The firm has a market cap of $73.18 billion, a PE ratio of -391.51, a PEG ratio of 14.26 and a beta of 1.67. DoorDash, Inc. has a one year low of $92.56 and a one year high of $178.16. The firm’s 50 day moving average price is $150.98 and its 200-day moving average price is $127.83.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. DoorDash’s revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.19) EPS. Equities research analysts predict that DoorDash, Inc. will post 0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DASH shares. BMO Capital Markets lifted their price objective on shares of DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their price target on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Needham & Company LLC raised their price objective on DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Redburn Atlantic assumed coverage on DoorDash in a report on Friday, July 26th. They set a “buy” rating and a $170.00 target price for the company. Finally, Wedbush reaffirmed a “neutral” rating and set a $115.00 price target on shares of DoorDash in a research report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $164.03.

Insider Transactions at DoorDash

In related news, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $127.86, for a total value of $895,020.00. Following the sale, the chief financial officer now owns 396,152 shares in the company, valued at approximately $50,651,994.72. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 54,166 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $140.06, for a total value of $7,586,489.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 432,871 shares of company stock worth $64,882,853. 7.92% of the stock is currently owned by insiders.

About DoorDash

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.