Allworth Financial LP Purchases 464 Shares of DoorDash, Inc. $DASH

Allworth Financial LP increased its position in DoorDash, Inc. (NASDAQ:DASH) by 52.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,352 shares of the company’s stock after purchasing an additional 464 shares during the quarter. Allworth Financial LP’s holdings in DoorDash were worth $333,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Gilbert & Cook Inc. raised its stake in shares of DoorDash by 2.6% in the 2nd quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock valued at $415,000 after buying an additional 42 shares in the last quarter. Perigon Wealth Management LLC raised its position in DoorDash by 1.3% in the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock worth $912,000 after purchasing an additional 46 shares in the last quarter. Yeomans Consulting Group Inc. lifted its stake in DoorDash by 3.9% during the second quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company’s stock worth $326,000 after purchasing an additional 51 shares during the period. Palo Alto Wealth Advisors LLC lifted its stake in DoorDash by 0.4% during the first quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company’s stock worth $2,385,000 after purchasing an additional 54 shares during the period. Finally, Westside Investment Management Inc. boosted its holdings in DoorDash by 9.0% during the second quarter. Westside Investment Management Inc. now owns 654 shares of the company’s stock valued at $160,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

DASH opened at $206.96 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. The stock has a market capitalization of $89.20 billion, a P/E ratio of 105.06 and a beta of 1.70. The company’s 50 day simple moving average is $254.14 and its 200-day simple moving average is $238.46. DoorDash, Inc. has a one year low of $155.40 and a one year high of $285.50.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data 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 company had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. Sell-side analysts anticipate that DoorDash, Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Guggenheim raised DoorDash to a “strong-buy” rating in a report on Wednesday, October 15th. Oppenheimer reiterated an “outperform” rating and issued a $280.00 price target on shares of DoorDash in a research report on Thursday, November 6th. Jefferies Financial Group lifted their price objective on DoorDash from $265.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 17th. Barclays reduced their target price on shares of DoorDash from $272.00 to $238.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Finally, Wall Street Zen cut shares of DoorDash from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $279.00.

Insider Activity at DoorDash

In related news, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $244.39, for a total value of $11,097,749.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $244.39, for a total value of $7,331,700.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 791,110 shares of company stock valued at $196,549,692 over the last quarter. 5.83% of the stock is currently owned by corporate insiders.

DoorDash Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.