Mesirow Financial Investment Management Inc. Invests $508,000 in DoorDash, Inc. (NASDAQ:DASH)

Mesirow Financial Investment Management Inc. purchased a new position in DoorDash, Inc. (NASDAQ:DASH) in the 4th quarter, HoldingsChannel reports. The fund purchased 3,027 shares of the company’s stock, valued at approximately $508,000.

Other large investors have also recently modified their holdings of the company. Rakuten Securities Inc. raised its position in shares of DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after purchasing an additional 130 shares during the last quarter. Pittenger & Anderson Inc. purchased a new position in DoorDash in the 4th quarter worth about $29,000. Denver PWM LLC purchased a new position in DoorDash in the 4th quarter worth about $30,000. Princeton Global Asset Management LLC purchased a new position in DoorDash in the 4th quarter worth about $34,000. Finally, ORG Wealth Partners LLC purchased a new position in DoorDash in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Royal Bank of Canada boosted their target price on DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Susquehanna boosted their target price on DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research report on Thursday, February 13th. JMP Securities restated a “market outperform” rating and set a $200.00 price target on shares of DoorDash in a research note on Thursday, February 6th. Wolfe Research boosted their price target on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Mizuho boosted their price target on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and a consensus target price of $206.52.

Insiders Place Their Bets

In other news, General Counsel Tia Sherringham sold 12,088 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the sale, the general counsel now directly owns 122,135 shares of the company’s stock, valued at $24,848,365.75. This represents a 9.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $178.74, for a total value of $19,363,261.68. Following the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $268,110. This trade represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 572,062 shares of company stock worth $101,051,440 in the last three months. 7.92% of the stock is owned by company insiders.

DoorDash Price Performance

DASH stock opened at $178.08 on Friday. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $215.24. The company has a market capitalization of $74.81 billion, a price-to-earnings ratio of 659.56 and a beta of 1.70. The business has a 50 day simple moving average of $186.78 and a two-hundred day simple moving average of $165.64.

DoorDash Company 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.