DoorDash (DASH) Stock Plummets – What Caused the Decline?

DoorDash stock is trading -15.66% below its average target price of $135.28 after dropping -2.8% during today's afternoon session. Analysts are giving the Large-Cap Business Services company an average rating of buy and target prices ranging from $107.0 to $170.0 per share.

DoorDash's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.3%. The stock's short ratio is 4.1. The company's insiders own 0.71% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 90.4%. In conclusion, we believe there is mixed market sentiment regarding DoorDash.

Institutions Invested in DoorDash

Date Reported Holder Percentage Shares Value
2024-03-31 Sc Us (ttgp), Ltd. 9% 31,656,849 $3,611,729,786
2024-03-31 Vanguard Group Inc 7% 26,931,623 $3,072,628,769
2024-03-31 Morgan Stanley 7% 26,295,159 $3,000,014,594
2024-03-31 Blackrock Inc. 5% 16,994,644 $1,938,918,871
2024-03-31 Capital Research Global Investors 4% 14,987,796 $1,709,957,590
2024-03-31 JP Morgan Chase & Company 4% 12,868,757 $1,468,196,439
2024-03-31 Baillie Gifford and Company 3% 12,403,247 $1,415,086,404
2024-03-31 Capital World Investors 3% 9,470,247 $1,080,460,445
2024-03-31 Newlands Management Operations LLC 2% 7,050,680 $804,412,055
2024-03-31 Sands Capital Management, LLC 2% 6,826,736 $778,862,285
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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