DoorDash Inc. (NYSE:DASH) trade information

Upright in the red during last session for losing -3.87%, in the last five days DASH remained trading in the red while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $79.77 price level, adding 5.25% to its value on the day. DoorDash Inc.’s shares saw a change of 63.40% in year-to-date performance and have moved -2.92% in past 5-day. DoorDash Inc. (NYSE:DASH) showed a performance of -0.02% in past 30-days. Number of shares sold short was 13.79 million shares which calculate 3.74 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $95.32 to the stock, which implies a rise of 16.31% to its recent value today. Analysts have been projecting $47.00 as a low price target for the stock while placing it at a high target of $125.00. It follows that stock’s current price would drop -56.7% in reaching the projected high whereas dropping to the targeted low would mean a gain of 41.08% for stock’s current value.

DoorDash Inc. (DASH) estimates and forecasts

Statistics highlight that DoorDash Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 31.36% of value to its shares in past 6 months, showing an annual growth rate of 32.82% while that of industry is 20.40. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 48.10% in the current quarter and calculating 75.80% increase in the next quarter. This year revenue growth is estimated to rise 27.80% from the last financial year’s standing.

26 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.09 billion for the same. And 26 analysts are in estimates of company making revenue of $2.16 billion in the next quarter that will end on Dec 2023. Company posted $1.63 billion and $1.82 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 28.30% while estimating it to be 18.50% for the next quarter.

In 2023, company’s earnings growth rate is likely to be around -164.50% while estimates for its earnings growth in next 5 years are of 56.00%.

DASH Dividends

DoorDash Inc. is more likely to be releasing its next quarterly report between November 01 and November 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

DoorDash Inc. (NYSE:DASH)’s Major holders

Insiders are in possession of 0.85% of company’s total shares while institution are holding 89.68 percent of that, with stock having share float percentage of 90.45%. Investors also watch the number of corporate investors in a company very closely, which is 89.68% institutions for DoorDash Inc. that are currently holding shares of the company. Sc Us (ttgp), Ltd. is the top institutional holder at DASH for having 34.93 million shares of worth $2.8 billion. And as of Jun 29, 2023, it was holding 9.55% of the company’s outstanding shares.

The second largest institutional holder is Morgan Stanley, which was holding about 27.12 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 7.41% of outstanding shares, having a total worth of $2.17 billion.

On the other hand, Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 17.0 million shares of worth $1.36 billion or 4.65% of the total outstanding shares. The later fund manager was in possession of 8.99 million shares on Jun 29, 2023, making its stake of worth around $720.62 million in the company or a holder of 2.46% of company’s stock.