Signaturefd LLC Has $697,000 Holdings in DoorDash, Inc. (NASDAQ:DASH)

Signaturefd LLC raised its position in DoorDash, Inc. (NASDAQ:DASH) by 10.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,885 shares of the company’s stock after buying an additional 480 shares during the period. Signaturefd LLC’s holdings in DoorDash were worth $697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DASH. Meeder Asset Management Inc. boosted its position in DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after buying an additional 132 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of DoorDash during the second quarter worth approximately $32,000. Versant Capital Management Inc lifted its position in shares of DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. ORG Partners LLC lifted its position in shares of DoorDash by 2,108.3% during the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 253 shares in the last quarter. Finally, Quest Partners LLC lifted its position in shares of DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after purchasing an additional 204 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Trading Up 1.5 %

Shares of DASH stock opened at $153.19 on Friday. DoorDash, Inc. has a 12 month low of $69.90 and a 12 month high of $154.16. The stock has a market cap of $62.64 billion, a PE ratio of -139.24, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70. The company’s fifty day moving average price is $136.81 and its 200-day moving average price is $123.27.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.29). DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same period in the prior year, the firm earned ($0.44) EPS. DoorDash’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, sell-side analysts forecast that DoorDash, Inc. will post 0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $106.64, for a total transaction of $746,480.00. Following the completion of the sale, the chief financial officer now owns 417,223 shares of the company’s stock, valued at $44,492,660.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other DoorDash news, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $106.64, for a total value of $746,480.00. Following the completion of the transaction, the chief financial officer now directly owns 417,223 shares in the company, valued at $44,492,660.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Shona L. Brown sold 5,005 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $120.00, for a total value of $600,600.00. Following the completion of the transaction, the director now owns 65,186 shares of the company’s stock, valued at $7,822,320. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 390,710 shares of company stock valued at $54,472,120. 7.92% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DASH shares. Needham & Company LLC upped their target price on shares of DoorDash from $137.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Piper Sandler restated a “neutral” rating and issued a $125.00 price objective (up from $115.00) on shares of DoorDash in a report on Friday, August 2nd. Morgan Stanley increased their price objective on shares of DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Keefe, Bruyette & Woods upgraded shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective on the stock in a report on Wednesday, September 25th. Finally, Raymond James started coverage on shares of DoorDash in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

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.