Certuity LLC Acquires 536 Shares of DoorDash, Inc. (NASDAQ:DASH)

Certuity LLC boosted its stake in shares of DoorDash, Inc. (NASDAQ:DASH) by 1.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 53,219 shares of the company’s stock after purchasing an additional 536 shares during the period. Certuity LLC’s holdings in DoorDash were worth $5,789,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DASH. EFG Asset Management Americas Corp. lifted its holdings in shares of DoorDash by 148.1% in the 2nd quarter. EFG Asset Management Americas Corp. now owns 13,119 shares of the company’s stock worth $1,427,000 after acquiring an additional 7,831 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in DoorDash by 207.0% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 132,185 shares of the company’s stock worth $14,379,000 after purchasing an additional 89,123 shares during the period. Candriam S.C.A. lifted its stake in DoorDash by 4.9% in the second quarter. Candriam S.C.A. now owns 13,912 shares of the company’s stock worth $1,513,000 after purchasing an additional 647 shares during the last quarter. Private Advisor Group LLC lifted its stake in DoorDash by 15.1% in the second quarter. Private Advisor Group LLC now owns 17,062 shares of the company’s stock worth $1,856,000 after purchasing an additional 2,232 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of DoorDash by 10.0% during the second quarter. Arizona State Retirement System now owns 81,919 shares of the company’s stock valued at $8,911,000 after buying an additional 7,444 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $111.96, for a total value of $5,598,000.00. Following the completion of the sale, the director now owns 39,275 shares of the company’s stock, valued at approximately $4,397,229. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Shona L. Brown sold 1,712 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total transaction of $189,980.64. Following the completion of the sale, the director now directly owns 70,191 shares of the company’s stock, valued at approximately $7,789,095.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $111.96, for a total transaction of $5,598,000.00. Following the completion of the sale, the director now owns 39,275 shares in the company, valued at $4,397,229. The disclosure for this sale can be found here. In the last quarter, insiders have sold 436,359 shares of company stock valued at $48,534,873. 7.92% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DASH shares. Susquehanna raised their price target on DoorDash from $135.00 to $140.00 and gave the stock a “positive” rating in a research note on Monday, August 5th. Wolfe Research started coverage on DoorDash in a research report on Tuesday, July 16th. They set an “outperform” rating and a $130.00 target price for the company. Truist Financial boosted their target price on shares of DoorDash from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Evercore ISI raised their price target on shares of DoorDash from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, BMO Capital Markets upped their target price on shares of DoorDash from $127.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.57.

DoorDash Trading Down 2.2 %

DASH opened at $123.56 on Friday. DoorDash, Inc. has a twelve month low of $69.90 and a twelve month high of $143.34. The firm has a market capitalization of $50.53 billion, a PE ratio of -114.41, a PEG ratio of 768.41 and a beta of 1.69. The firm’s 50-day moving average price is $116.66 and its 200 day moving average price is $121.00.

DoorDash (NASDAQ:DASH) last posted its quarterly 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). The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. DoorDash’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.44) EPS.

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.