Calamos Advisors LLC Grows Stock Holdings in DoorDash, Inc. $DASH

Calamos Advisors LLC raised its holdings in DoorDash, Inc. (NASDAQ:DASH) by 15.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 200,995 shares of the company’s stock after acquiring an additional 27,274 shares during the period. Calamos Advisors LLC’s holdings in DoorDash were worth $54,669,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pacific Center for Financial Services acquired a new position in DoorDash in the first quarter valued at $27,000. GFG Capital LLC acquired a new position in shares of DoorDash during the 2nd quarter valued at about $30,000. Sound Income Strategies LLC lifted its holdings in shares of DoorDash by 2,760.0% during the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after acquiring an additional 138 shares during the period. NewSquare Capital LLC lifted its holdings in shares of DoorDash by 610.3% during the 2nd quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $51,000 after acquiring an additional 177 shares during the period. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of DoorDash in the second quarter worth approximately $52,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. KeyCorp reaffirmed an “overweight” rating and set a $280.00 price target on shares of DoorDash in a research note on Friday, November 21st. BTIG Research reaffirmed a “buy” rating and issued a $315.00 target price on shares of DoorDash in a research report on Thursday, November 6th. Royal Bank Of Canada lowered their price target on DoorDash from $300.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Wedbush upped their price target on DoorDash from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of DoorDash in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $275.74.

Insider Buying and Selling at DoorDash

In other news, Director Alfred Lin acquired 389,047 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were purchased at an average price of $193.81 per share, for a total transaction of $75,401,199.07. Following the acquisition, the director directly owned 389,047 shares of the company’s stock, valued at $75,401,199.07. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $205.07, for a total value of $9,312,228.70. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 552,071 shares of company stock valued at $116,812,955. 5.83% of the stock is owned by company insiders.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $228.13 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.04 and a quick ratio of 2.04. DoorDash, Inc. has a 1-year low of $155.40 and a 1-year high of $285.50. The company has a market capitalization of $98.32 billion, a price-to-earnings ratio of 115.80 and a beta of 1.72. The business has a 50-day moving average of $223.01 and a 200-day moving average of $241.42.

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

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.