Calamos Wealth Management LLC Buys 2,425 Shares of DoorDash, Inc. $DASH

Calamos Wealth Management LLC grew its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,603 shares of the company’s stock after buying an additional 2,425 shares during the quarter. Calamos Wealth Management LLC’s holdings in DoorDash were worth $18,387,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Gilbert & Cook Inc. grew its holdings in shares of DoorDash by 2.6% during the 2nd quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock valued at $415,000 after purchasing an additional 42 shares during the last quarter. Perigon Wealth Management LLC increased its position in DoorDash by 1.3% during the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock valued at $912,000 after acquiring an additional 46 shares during the last quarter. Advisory Resource Group lifted its position in DoorDash by 0.8% during the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock valued at $1,423,000 after purchasing an additional 48 shares in the last quarter. Quotient Wealth Partners LLC boosted its position in shares of DoorDash by 3.2% in the third quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock worth $418,000 after purchasing an additional 48 shares during the period. Finally, Hobart Private Capital LLC grew its position in shares of DoorDash by 2.4% during the third quarter. Hobart Private Capital LLC now owns 2,164 shares of the company’s stock worth $589,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $205.07, for a total transaction of $9,312,228.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andy Fang sold 25,000 shares of DoorDash stock in a transaction on Monday, December 1st. The shares were sold at an average price of $204.95, for a total transaction of $5,123,750.00. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 552,071 shares of company stock valued at $116,812,955. 5.83% of the stock is owned by insiders.

DoorDash Trading Down 1.2%

DASH stock opened at $228.13 on Wednesday. DoorDash, Inc. has a 52-week low of $155.40 and a 52-week high of $285.50. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The firm has a market cap of $98.32 billion, a P/E ratio of 115.80 and a beta of 1.72. The company’s 50-day simple moving average is $223.01 and its 200-day simple moving average is $241.42.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.13). The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. DoorDash’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS. As a group, equities analysts forecast that DoorDash, Inc. will post 2.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on DASH shares. Zacks Research lowered shares of DoorDash from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Needham & Company LLC reduced their price target on DoorDash from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Susquehanna decreased their price target on shares of DoorDash from $300.00 to $250.00 and set a “positive” rating for the company in a report on Friday, November 7th. Bank of America dropped their price objective on shares of DoorDash from $325.00 to $305.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, Cantor Fitzgerald decreased their price objective on DoorDash from $330.00 to $270.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $275.74.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.