DoorDash Sees Unusually High Options Volume (NYSE:DASH)

DoorDash, Inc. (NYSE:DASH – Get Rating) was the target of some unusual options trading on Friday. Traders bought 66,572 put options on the stock. This represents an increase of approximately 126% compared to the average volume of 29,475 put options.

Insider Activity at DoorDash

In other news, insider Keith Yandell sold 10,997 shares of the company’s stock in a transaction on Thursday, February 16th. The shares were 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 of the company’s stock, valued at $14,955,500. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Keith Yandell sold 10,997 shares of the company’s stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $70.00, for a total value of $769,790.00. Following the completion of the transaction, the insider now directly owns 213,650 shares in the company, valued at $14,955,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shona L. Brown sold 1,250 shares of the company’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $47.32, for a total transaction of $59,150.00. Following the sale, the director now owns 82,278 shares of the company’s stock, valued at $3,893,394.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 308,424 shares of company stock worth $16,529,181. Insiders own 15.54% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its stake in shares of DoorDash by 123.4% during the 1st quarter. Raymond James & Associates now owns 6,286 shares of the company’s stock worth $737,000 after acquiring an additional 3,472 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of DoorDash by 43.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,825 shares of the company’s stock worth $448,000 after acquiring an additional 1,153 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of DoorDash by 18.3% during the 1st quarter. American Century Companies Inc. now owns 4,444 shares of the company’s stock worth $521,000 after acquiring an additional 689 shares during the last quarter. US Bancorp DE boosted its stake in shares of DoorDash by 204.6% during the 1st quarter. US Bancorp DE now owns 926 shares of the company’s stock worth $109,000 after acquiring an additional 622 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of DoorDash by 305.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,553 shares of the company’s stock worth $415,000 after acquiring an additional 2,677 shares during the last quarter. Hedge funds and other institutional investors own 72.65% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the subject of several analyst reports. 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 research report on Friday, February 17th. Susquehanna increased their target price on shares of DoorDash from $75.00 to $85.00 and gave the stock a “positive” rating in a report on Tuesday, February 21st. Mizuho increased their target price on shares of DoorDash from $65.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, February 17th. Jefferies Financial Group initiated coverage on shares of DoorDash in a report on Monday, January 9th. They set an “underperform” rating and a $37.00 target price for the company. Finally, Moffett Nathanson assumed coverage on shares of DoorDash in a report on Monday, January 30th. They set an “outperform” rating and a $79.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, DoorDash presently has a consensus rating of “Hold” and an average price target of $80.95.

DoorDash Stock Down 1.8 %

Shares of DASH opened at $59.64 on Friday. The company has a market capitalization of $23.38 billion, a P/E ratio of -16.48 and a beta of 1.45. The firm has a 50 day moving average of $57.46 and a 200 day moving average of $54.72. DoorDash has a twelve month low of $41.37 and a twelve month high of $130.20.

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

DoorDash Company Profile

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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.