MBB Public Markets I LLC Makes New $2.16 Million Investment in DoorDash, Inc. (NASDAQ:DASH)

MBB Public Markets I LLC bought a new position in shares of DoorDash, Inc. (NASDAQ:DASH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,857 shares of the company’s stock, valued at approximately $2,160,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. raised its holdings in shares of DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after purchasing an additional 132 shares during the period. Headlands Technologies LLC acquired a new stake in shares of DoorDash during the second quarter worth $32,000. Versant Capital Management Inc raised its holdings 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 during the period. ORG Partners LLC increased its holdings in shares of DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 253 shares during the period. Finally, Quest Partners LLC increased its holdings in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after acquiring an additional 204 shares during the period. 90.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $125.00 price objective (up previously from $115.00) on shares of DoorDash in a report on Friday, August 2nd. DA Davidson increased their price objective on shares of DoorDash from $110.00 to $119.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Redburn Atlantic assumed coverage on shares of DoorDash in a report on Friday, July 26th. They issued a “buy” rating and a $170.00 price objective on the stock. JMP Securities increased their price objective on shares of DoorDash from $140.00 to $145.00 and gave the stock a “market outperform” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets increased their price objective on shares of DoorDash from $127.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.97.

DoorDash Price Performance

Shares of DASH opened at $142.23 on Friday. DoorDash, Inc. has a one year low of $69.90 and a one year high of $146.36. The company has a 50-day moving average of $125.10 and a two-hundred day moving average of $121.89. The stock has a market cap of $58.53 billion, a price-to-earnings ratio of -131.69, a PEG ratio of 295.70 and a beta of 1.69.

DoorDash (NASDAQ:DASH) last announced its earnings results on Thursday, August 1st. The company reported ($0.38) 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 firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the business earned ($0.44) earnings per share. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. Analysts anticipate that DoorDash, Inc. will post 0.01 earnings per share for the current year.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 54,166 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $107.75, for a total value of $5,836,386.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Tony Xu sold 54,166 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $107.75, for a total value of $5,836,386.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shona L. Brown sold 5,005 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $120.00, for a total transaction of $600,600.00. Following the completion of the sale, the director now directly owns 65,186 shares of the company’s stock, valued at $7,822,320. The disclosure for this sale can be found here. Insiders sold 350,223 shares of company stock valued at $41,391,523 over the last three months. 7.92% of the stock is 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.