DoorDash, Inc. (NYSE: DASH) was the target of a sharp surge in short interest in November. On November 15, there was short interest of 14,040,000 shares, an increase of 19.5% from the 11,750,000 shares as of October 31. Based on an average daily volume of 3,060,000 shares, the day-to-cover ratio is currently 4.6 days. Currently 7.5% of the company’s shares are being sold short.
NYSE DASH was trading around $ 8.41 on Friday to hit $ 157.71. 5,274,359 shares were exchanged, with an average volume of 4,703,370. The stock has a fifty-day moving average price of $ 203.93 and a two hundred-day moving average price of $ 187.01. The company has a market cap of $ 54.10 billion and a P / E of -43.69. DoorDash has a 52-week low of $ 10.13 and a 52-week high of $ 257.25.
DoorDash (NYSE: DASH) last released its quarterly earnings data on Tuesday, November 9th. The company reported ($ 0.30) EPS for the quarter, missing the consensus estimate of ($ 0.27) by ($ 0.03). On average, research analysts predict that DoorDash will achieve earnings per share of -1.18 for the current year.
In related news, CAO Gordon S. Lee sold 5,709 shares of the stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $ 200.93 for a total of $ 1,147,109.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. In addition, CFO Prabir Adarkar sold 5,000 shares of the stock in a transaction on Monday, November 29th. The stock sold at an average price of $ 181.93 for a total transaction of $ 909,650.00. The disclosure for this sale can be found here. Insiders sold a total of 10,692,286 shares in the company for $ 2,171,743,877 in the past 90 days. Company insiders own 15.54% of the company’s shares.
Pres. Biden recently warned of China’s dominance on lithium demand, stating, “If we don’t move, they’ll eat our lunch.” A junior mining company in South America wants to become a strong link in the lithium supply chain through a monster acquisition.
Institutional investors and hedge funds recently changed their holdings in the company. Danda Trouve Investment Management Inc. acquired a new stake in DoorDash shares valued at $ 26,000 in the third quarter. Clearstead Advisors LLC increased its stake in DoorDash shares by 3,850.0% in the third quarter. Clearstead Advisors LLC now owns 158 shares in the company valued at $ 33,000 after purchasing an additional 154 shares last quarter. O Shaughnessy Asset Management LLC bought a new stake in DoorDash stock valued at approximately $ 41,000 in the third quarter. IFP Advisors Inc bought a new stake in DoorDash stock valued at approximately $ 48,000 in the third quarter. Finally, US Bancorp DE increased its stake in DoorDash shares by 4,016.7% in the third quarter. US Bancorp DE now owns 247 shares in the company, valued at $ 52,000, after acquiring an additional 241 shares last quarter. 75.71% of the shares are owned by hedge funds and other institutional investors.
Several analysts have recently commented on DASH shares. Bank of America raised its price target for DoorDash shares from USD 255.00 to USD 270.00 and gave the company a “Buy” rating in a research report on Wednesday, November 10th. KGI Securities upgraded the stock of DoorDash from a “neutral” rating to an “outperform” rating in a report on Monday, November 22nd. Goldman Sachs Group initiated coverage of the shares of DoorDash in a report on Monday, September 13th. You have set a “neutral” rating and a target price of $ 187.00 for the stock. Truist Securities raised its target price on DoorDash shares from $ 250.00 to $ 260.00 and rated the company a “Buy” in a report on Wednesday, November 10th. Finally, Susquehanna raised her price target on DoorDash shares from $ 220.00 to $ 260.00 and rated the company “positive” in a report on Thursday, November 11th. Eleven investment analysts have given the stock a hold rating and fourteen a buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $ 227.05.
DoorDash company profile
DoorDash, Inc operates a logistics platform connecting merchants, consumers and dashers in the US and internationally. It operates the DoorDash marketplace which offers a range of services that enable merchants to solve business critical challenges such as: B. customer acquisition, delivery, insights and analytics, merchandising, payment processing and customer support; and offers DoorDash Drive, a white label logistics service; DoorDash storefront that enables merchants to offer consumers on-demand access to e-commerce.
Featured Story: How Does a Dividend Reinvestment Plan Work?
This instant news alert was generated through narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $ 1,000 in DoorDash now?
Before you even consider DoorDash, this is what you should hear.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly whispering to their customers to buy now, before the broader market takes hold … and DoorDash wasn’t on the list.
While DoorDash is currently rated “Buy” by analysts, top-rated analysts think these five stocks are better buys.
Take a look at the 5 stocks here