DoorDash, Inc. (NYSE: DASH) was targeted for a sharp fall in short positions in November. As of November 30, there was short interest totaling 10,980,000 shares, a decrease of 21.8% compared to November 15 from a total of 14,040,000 shares. Based on an average daily volume of 3,290,000 shares, the short interest ratio is currently 3.3 days. Currently, 5.8% of the shares in the stock are being sold short.
DASH has been the subject of a number of new analyst reports. Susquehanna Bancshares raised her price target for DoorDash shares from USD 220.00 to USD 260.00 and rated the shares as “positive” in a research report on Thursday, November 11th. Evercore ISI raised its price target for DoorDash shares from USD 180.00 to USD 256.00 in a research report on Wednesday, November 10th. They discovered that the move was a call for evaluation. JMP Securities raised its price target for DoorDash shares from USD 210.00 to USD 230.00 and rated the shares as “outperform” in a research report on Monday, October 18th. Mizuho raised his price target for DoorDash shares from USD 175.00 to USD 205.00 and rated the shares as “neutral” in a research report on Wednesday, November 10th. They discovered that the move was a call for evaluation. Finally, KGI Securities upgraded the shares of DoorDash from a “neutral” rating to an “outperform” rating in a research report on Monday, November 22nd. Ten 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 $ 226.50.
NYSE: DASH stocks rose $ 4.37 on Friday to hit $ 148.81. 5,465,592 shares in the company were exchanged, compared to an average volume of 3,260,535. DoorDash has a 1-year low of $ 110.13 and a 1-year high of $ 257.25. The 50-day moving average price for the stock is $ 194.48 and the 200-day moving average price is $ 188.34. The company has a market cap of $ 51.05 billion and a P / E of -41.22.
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DoorDash (NYSE: DASH) last released its quarterly earnings data on Tuesday, November 9th. The company reported ($ 0.30) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($ 0.27) by ($ 0.03). The company had revenue of $ 1.28 billion for the quarter, compared to analyst estimates of $ 1.18 billion. On average, sell-side analysts forecast that DoorDash will post -1.18 EPS for the current financial year.
In addition, major shareholder Fast (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction on Wednesday, October 27th. The shares were sold at an average price of $ 202.81 for a total value of $ 2,028,100,000.00. The sale was announced in a filing with the Securities & Exchange Commission, available at this hyperlink. In addition, CFO Prabir Adarkar sold 5,000 shares of the stock in a transaction on Monday, September 20. The shares were sold at an average price of $ 221.40 for a total transaction of $ 1,107,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,718,536 shares in the company for $ 2,169,767,989 in the past three months. Insiders own 15.54% of the company’s stock.
Several institutional investors recently changed their holdings in DASH. Price T Rowe Associates Inc. MD increased its stake in DoorDash shares by 46.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 14,011,650 shares in the company for $ 2,498,698,000 after purchasing 4,442,806 shares last quarter. BlackRock Inc. increased its stake in DoorDash by 138.1% in the third quarter. BlackRock Inc. now owns 6,219,652 shares in the company valued at $ 1,281,123,000 after purchasing an additional 3,607,379 shares last quarter. Vanguard Group Inc. increased its stake in DoorDash by 196.6% in the second quarter. Vanguard Group Inc. now owns 4,845,639 shares in the company valued at $ 864,123,000 after purchasing an additional 3,211,970 shares last quarter. VK Services LLC added a new position in DoorDash for $ 423,300,000 in the third quarter. Finally, Whale Rock Capital Management LLC increased its stake in DoorDash by 448.3% in the second quarter. Whale Rock Capital Management LLC now owns 2,755,333 shares in the company valued at $ 491,359,000 after purchasing an additional 2,252,833 shares last quarter. 75.71% of the shares are owned by hedge funds and other institutional investors.
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 provides a range of services that enable merchants to solve business critical challenges such as 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.
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