DoorDash, Inc. $DASH Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 15.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,995 shares of the company’s stock after buying an additional 27,274 shares during the quarter. Calamos Advisors LLC’s holdings in DoorDash were worth $54,669,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in DASH. Pacific Center for Financial Services bought a new position in DoorDash during the 1st quarter valued at $27,000. GFG Capital LLC bought a new position in shares of DoorDash during the second quarter worth about $30,000. Sound Income Strategies LLC grew its stake in DoorDash by 2,760.0% in the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after purchasing an additional 138 shares in the last quarter. NewSquare Capital LLC increased its holdings in DoorDash by 610.3% in the second quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $51,000 after buying an additional 177 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new stake in DoorDash during the second quarter valued at approximately $52,000. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Trading Down 1.2%

DoorDash 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 capitalization of $98.32 billion, a price-to-earnings ratio of 115.80 and a beta of 1.72. The firm has a 50-day moving average price of $223.01 and a two-hundred day moving average price of $241.42.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on DASH. Zacks Research downgraded DoorDash from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a research note on Wednesday, October 8th. Royal Bank Of Canada lowered their target price on shares of DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. The Goldman Sachs Group reduced their price target on shares of DoorDash from $315.00 to $279.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $280.00 price target on shares of DoorDash in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $275.74.

Insider Buying and Selling

In related news, COO Prabir Adarkar sold 30,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $234.57, for a total value of $7,037,100.00. Following the completion of the sale, the chief operating officer owned 874,130 shares of the company’s stock, valued at $205,044,674.10. This represents a 3.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andy Fang sold 30,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $244.39, for a total transaction of $7,331,700.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 552,071 shares of company stock valued at $116,812,955. Company insiders own 5.83% of the company’s stock.

About DoorDash

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.