Brooklyn Investment Group Takes $251,000 Position in DoorDash, Inc. (NASDAQ:DASH)

Brooklyn Investment Group bought a new stake in shares of DoorDash, Inc. (NASDAQ:DASH) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 1,817 shares of the company’s stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DASH. Spire Wealth Management purchased a new stake in shares of DoorDash in the first quarter valued at $25,000. Venturi Wealth Management LLC lifted its stake in DoorDash by 54.5% in the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after purchasing an additional 90 shares during the last quarter. ORG Partners LLC lifted its stake in DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 253 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of DoorDash by 361.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after buying an additional 307 shares during the period. Finally, Hollencrest Capital Management bought a new position in shares of DoorDash during the 1st quarter worth $42,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DASH. Deutsche Bank Aktiengesellschaft lifted their price objective on DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Wedbush reaffirmed a “neutral” rating and issued a $115.00 price target on shares of DoorDash in a research report on Thursday, May 2nd. Oppenheimer lifted their price objective on shares of DoorDash from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Royal Bank of Canada dropped their target price on DoorDash from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Finally, KeyCorp assumed coverage on DoorDash in a research report on Thursday. They issued a “sector weight” rating for the company. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $134.79.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 132,300 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total transaction of $17,663,373.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $113.40, for a total value of $5,670,000.00. Following the completion of the transaction, the director now owns 39,275 shares in the company, valued at $4,453,785. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total transaction of $17,663,373.00. The disclosure for this sale can be found here. Insiders sold 487,150 shares of company stock valued at $57,195,176 in the last three months. Corporate insiders own 7.92% of the company’s stock.

DoorDash Stock Performance

Shares of DASH stock traded down $0.42 during midday trading on Friday, reaching $105.00. 3,315,984 shares of the company were exchanged, compared to its average volume of 3,636,705. DoorDash, Inc. has a 12 month low of $69.90 and a 12 month high of $143.34. The company’s 50 day moving average price is $111.92 and its two-hundred day moving average price is $117.59. The company has a market cap of $42.94 billion, a P/E ratio of -97.22, a PEG ratio of 26.66 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. DoorDash’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.41) EPS. As a group, sell-side analysts predict that DoorDash, Inc. will post 0.11 earnings per share for the current year.

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.