DoorDash, Inc. (NYSE:DASH) Shares Acquired by Guggenheim Capital LLC

Guggenheim Capital LLC increased its stake in DoorDash, Inc. (NYSE:DASH – Get Rating) by 11.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,837 shares of the company’s stock after purchasing an additional 681 shares during the quarter. Guggenheim Capital LLC’s holdings in DoorDash were worth $338,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. PDT Partners LLC acquired a new stake in DoorDash in the third quarter worth about $697,000. Verition Fund Management LLC lifted its holdings in DoorDash by 179.7% in the third quarter. Verition Fund Management LLC now owns 22,274 shares of the company’s stock worth $1,101,000 after purchasing an additional 14,310 shares during the period. Boothbay Fund Management LLC acquired a new stake in DoorDash in the third quarter worth about $209,000. Samlyn Capital LLC acquired a new stake in DoorDash in the third quarter worth about $13,139,000. Finally, Nellore Capital Management LLC lifted its holdings in DoorDash by 8.5% in the third quarter. Nellore Capital Management LLC now owns 279,514 shares of the company’s stock worth $13,822,000 after purchasing an additional 22,000 shares during the period. Institutional investors and hedge funds own 72.65% of the company’s stock.

Analyst Ratings Changes

DASH has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of DoorDash from $71.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, February 17th. Needham & Company LLC upped their price target on shares of DoorDash from $75.00 to $84.00 and gave the company a “buy” rating in a report on Friday, February 17th. UBS Group upped their price target on shares of DoorDash from $58.00 to $68.00 in a report on Monday, February 20th. Piper Sandler downgraded shares of DoorDash from a “neutral” rating to an “underweight” rating and cut their price target for the company from $227.00 to $40.00 in a report on Monday, January 9th. Finally, Morgan Stanley upped their price target on shares of DoorDash from $62.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, February 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $80.95.

DoorDash Price Performance

Shares of DASH opened at $53.23 on Monday. The company has a market capitalization of $20.87 billion, a price-to-earnings ratio of -14.70 and a beta of 1.45. DoorDash, Inc. has a fifty-two week low of $41.37 and a fifty-two week high of $130.20. The business’s 50-day moving average is $56.50 and its 200-day moving average is $54.77.

DoorDash (NYSE:DASH – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The company reported ($0.63) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.07. DoorDash had a negative return on equity of 15.12% and a negative net margin of 20.74%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.77 billion. Equities research analysts expect that DoorDash, Inc. will post -2.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Keith Yandell sold 10,997 shares of the stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $70.00, for a total value of $769,790.00. Following the transaction, the insider now owns 213,650 shares in the company, valued at $14,955,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Keith Yandell sold 10,997 shares of the stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $70.00, for a total value of $769,790.00. Following the transaction, the insider now owns 213,650 shares in the company, valued at $14,955,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Christopher D. Payne sold 1,807 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $58.39, for a total value of $105,510.73. Following the sale, the chief operating officer now directly owns 322,951 shares of the company’s stock, valued at approximately $18,857,108.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 176,124 shares of company stock worth $9,508,020. Insiders own 15.54% of the company’s stock.

About DoorDash

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DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.