UBS Group Increases DoorDash (NASDAQ:DASH) Price Target to $143.00

DoorDash (NASDAQ:DASH) had its price target lifted by UBS Group from $125.00 to $143.00 in a research report sent to investors on Friday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

DASH has been the topic of several other research reports. Redburn Atlantic assumed coverage on shares of DoorDash in a research report on Friday, July 26th. They set a buy rating and a $170.00 price target on the stock. Benchmark restated a buy rating and issued a $150.00 price target on shares of DoorDash in a research report on Tuesday, July 30th. Wedbush reissued a neutral rating and set a $115.00 price target on shares of DoorDash in a research report on Friday. Oppenheimer upped their price objective on DoorDash from $125.00 to $145.00 and gave the stock an outperform rating in a research note on Friday. Finally, Wolfe Research initiated coverage on DoorDash in a research note on Tuesday, July 16th. They issued an outperform rating and a $130.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, DoorDash presently has a consensus rating of Moderate Buy and a consensus target price of $142.81.

DoorDash Price Performance

NASDAQ:DASH traded up $4.07 during mid-day trading on Friday, hitting $121.30. 11,551,380 shares of the company’s stock were exchanged, compared to its average volume of 4,110,238. The business has a fifty day moving average price of $109.35 and a 200 day moving average price of $118.46. DoorDash has a one year low of $69.90 and a one year high of $143.34. The company has a market cap of $49.60 billion, a PE ratio of -110.39, a P/E/G ratio of 40.25 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last issued its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. DoorDash had a negative return on equity of 6.00% and a negative net margin of 4.24%. DoorDash’s revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.44) EPS. On average, equities analysts forecast that DoorDash will post 0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other DoorDash news, insider Keith Yandell sold 12,088 shares of DoorDash stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $111.84, for a total transaction of $1,351,921.92. Following the transaction, the insider now owns 161,651 shares of the company’s stock, valued at approximately $18,079,047.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $113.40, for a total value of $5,670,000.00. Following the completion of the sale, the director now directly owns 39,275 shares of the company’s stock, valued at $4,453,785. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Keith Yandell sold 12,088 shares of DoorDash stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $111.84, for a total value of $1,351,921.92. Following the completion of the transaction, the insider now directly owns 161,651 shares of the company’s stock, valued at $18,079,047.84. The disclosure for this sale can be found here. Insiders sold a total of 459,016 shares of company stock valued at $50,325,396 over the last 90 days. 7.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On DoorDash

A number of institutional investors have recently made changes to their positions in DASH. Spire Wealth Management purchased a new position in shares of DoorDash in the first quarter worth about $25,000. Venturi Wealth Management LLC boosted its holdings in shares of DoorDash by 54.5% during the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 90 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after acquiring an additional 253 shares during the last quarter. Hollencrest Capital Management bought a new stake in DoorDash in the first quarter worth about $42,000. Finally, Versant Capital Management Inc increased its position in shares of DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 259 shares during the period. Institutional investors own 90.64% of the company’s stock.

About DoorDash

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.