Diversify Wealth Management LLC Purchases 4,115 Shares of DoorDash, Inc. $DASH

Diversify Wealth Management LLC raised its position in DoorDash, Inc. (NASDAQ:DASH) by 38.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,718 shares of the company’s stock after acquiring an additional 4,115 shares during the quarter. Diversify Wealth Management LLC’s holdings in DoorDash were worth $2,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eastern Bank increased its stake in shares of DoorDash by 714.3% during the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. MV Capital Management Inc. acquired a new stake in DoorDash in the 4th quarter valued at about $26,000. Swiss RE Ltd. acquired a new stake in DoorDash in the 4th quarter valued at about $28,000. ST Germain D J Co. Inc. bought a new position in DoorDash during the fourth quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in DoorDash during the fourth quarter worth approximately $32,000. Institutional investors own 90.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DASH. Zacks Research upgraded DoorDash from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. TD Cowen started coverage on DoorDash in a research note on Monday, April 27th. They set a “buy” rating and a $225.00 target price for the company. Argus set a $190.00 target price on DoorDash in a report on Thursday, June 11th. Rothschild & Co Redburn set a $350.00 price target on DoorDash in a research note on Tuesday, May 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $265.00 price target on shares of DoorDash in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $256.08.

DoorDash Stock Down 1.2%

DoorDash stock opened at $189.57 on Tuesday. The company’s 50-day moving average price is $168.18 and its two-hundred day moving average price is $178.57. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. The stock has a market cap of $82.60 billion, a P/E ratio of 90.27 and a beta of 1.78. DoorDash, Inc. has a twelve month low of $143.30 and a twelve month high of $285.50.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The business’s revenue was up 33.1% on a year-over-year basis. As a group, analysts expect that DoorDash, Inc. will post 2.41 EPS for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 21,739 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.25, for a total transaction of $3,374,979.75. Following the transaction, the chief operating officer owned 959,076 shares in the company, valued at $148,896,549. This represents a 2.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andy Fang sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $180.00, for a total value of $900,000.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 84,927 shares of company stock worth $15,124,932 in the last 90 days. Company insiders own 5.83% of the company’s stock.

DoorDash 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.