Fiera Capital Corp Buys 19,734 Shares of DoorDash, Inc. $DASH

by · The Markets Daily

Fiera Capital Corp lifted its stake in shares of DoorDash, Inc. (NASDAQ:DASH – Free Report) by 34.0% during the fourth quarter, HoldingsChannel reports. The firm owned 77,810 shares of the company’s stock after acquiring an additional 19,734 shares during the quarter. Fiera Capital Corp’s holdings in DoorDash were worth $17,622,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Keel Point LLC increased its holdings in shares of DoorDash by 4.3% during the 3rd quarter. Keel Point LLC now owns 1,393 shares of the company’s stock worth $379,000 after acquiring an additional 58 shares during the last quarter. Petra Financial Advisors Inc. increased its holdings in shares of DoorDash by 2.2% during the 3rd quarter. Petra Financial Advisors Inc. now owns 2,764 shares of the company’s stock worth $752,000 after acquiring an additional 59 shares during the last quarter. CYBER HORNET ETFs LLC increased its holdings in shares of DoorDash by 6.5% during the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock worth $222,000 after acquiring an additional 60 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in shares of DoorDash by 8.1% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 843 shares of the company’s stock worth $229,000 after acquiring an additional 63 shares during the last quarter. Finally, Vise Technologies Inc. increased its holdings in shares of DoorDash by 1.8% during the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock worth $796,000 after acquiring an additional 63 shares during the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on DASH. TD Cowen began coverage on DoorDash in a report on Monday, April 27th. They set a “buy” rating and a $225.00 target price on the stock. Bank of America boosted their target price on DoorDash from $260.00 to $272.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. KeyCorp boosted their target price on DoorDash from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Zacks Research raised DoorDash from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Finally, Cantor Fitzgerald decreased their target price on DoorDash from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.58.

Get Our Latest Report on DoorDash

Insider Transactions at DoorDash

In other DoorDash news, insider Keith Yandell sold 2,643 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total value of $410,563.62. Following the transaction, the insider directly owned 81,106 shares of the company’s stock, valued at $12,599,006.04. This represents a 3.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total value of $3,214,950.00. Following the completion of the transaction, the director directly owned 19,279 shares in the company, valued at approximately $2,891,850. This represents a 52.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 68,558 shares of company stock valued at $10,914,640. Corporate insiders own 5.83% of the company’s stock.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $152.49 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The stock’s fifty day moving average price is $162.41 and its two-hundred day moving average price is $185.25. DoorDash, Inc. has a one year low of $143.30 and a one year high of $285.50. The firm has a market cap of $66.44 billion, a price-to-earnings ratio of 72.61 and a beta of 1.83.

DoorDash (NASDAQ:DASH – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the prior year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. On average, equities analysts forecast that DoorDash, Inc. will post 2.45 EPS for the current year.

DoorDash Company Profile

(Free Report)

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.

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