Signaturefd LLC Has $378,000 Stock Position in DoorDash, Inc. (NASDAQ:DASH)

Signaturefd LLC grew its position in shares of DoorDash, Inc. (NASDAQ:DASH) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,824 shares of the company’s stock after acquiring an additional 121 shares during the quarter. Signaturefd LLC’s holdings in DoorDash were worth $378,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DASH. National Bank of Canada FI boosted its position in DoorDash by 13.1% during the 3rd quarter. National Bank of Canada FI now owns 1,081 shares of the company’s stock worth $86,000 after acquiring an additional 125 shares during the last quarter. CWM LLC boosted its position in DoorDash by 19.4% during the 3rd quarter. CWM LLC now owns 2,684 shares of the company’s stock worth $213,000 after acquiring an additional 437 shares during the last quarter. SG Americas Securities LLC boosted its position in DoorDash by 1,139.2% during the 3rd quarter. SG Americas Securities LLC now owns 24,994 shares of the company’s stock worth $1,986,000 after acquiring an additional 22,977 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in DoorDash during the 3rd quarter worth approximately $94,000. Finally, Oak Thistle LLC acquired a new position in DoorDash during the 3rd quarter worth approximately $351,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

DASH stock opened at $128.11 on Friday. The stock has a market capitalization of $51.76 billion, a price-to-earnings ratio of -89.59, a PEG ratio of 14.39 and a beta of 1.79. The business’s fifty day moving average price is $130.98 and its two-hundred day moving average price is $108.20. DoorDash, Inc. has a fifty-two week low of $56.96 and a fifty-two week high of $143.34.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.25 billion. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The firm’s quarterly revenue was up 26.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.63) EPS. Research analysts expect that DoorDash, Inc. will post 0.21 EPS for the current year.

Insiders Place Their Bets

In other DoorDash news, insider Keith Yandell sold 3,500 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $104.89, for a total transaction of $367,115.00. Following the transaction, the insider now owns 179,350 shares in the company, valued at approximately $18,812,021.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Gordon S. Lee sold 1,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $124.50, for a total value of $124,500.00. Following the transaction, the chief accounting officer now owns 92,207 shares in the company, valued at $11,479,771.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Keith Yandell sold 3,500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $104.89, for a total value of $367,115.00. Following the completion of the transaction, the insider now owns 179,350 shares in the company, valued at approximately $18,812,021.50. The disclosure for this sale can be found here. Insiders have sold 497,282 shares of company stock worth $64,885,042 in the last 90 days. Company insiders own 9.59% of the company’s stock.

Analysts Set New Price Targets

DASH has been the subject of a number of recent research reports. Wells Fargo & Company upped their price target on DoorDash from $100.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Oppenheimer increased their price objective on DoorDash from $110.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, February 16th. JMP Securities increased their price objective on DoorDash from $130.00 to $160.00 and gave the company a “market outperform” rating in a report on Wednesday, March 27th. BMO Capital Markets increased their price objective on DoorDash from $120.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, Piper Sandler raised DoorDash from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $53.00 to $127.00 in a report on Friday, March 15th. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and an average price target of $130.52.

DoorDash Company 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.