DoorDash (NASDAQ:DASH) Price Target Raised to $150.00

DoorDash (NASDAQ:DASH) had its price target boosted by investment analysts at DA Davidson from $119.00 to $150.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price objective suggests a potential downside of 3.64% from the stock’s previous close.

Several other research firms have also recently issued reports on DASH. Keefe, Bruyette & Woods raised shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price target on the stock in a report on Wednesday, September 25th. Wolfe Research began coverage on shares of DoorDash in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $130.00 target price on the stock. Susquehanna lifted their price target on DoorDash from $135.00 to $140.00 and gave the stock a “positive” rating in a research note on Monday, August 5th. Piper Sandler reaffirmed a “neutral” rating and set a $125.00 target price (up previously from $115.00) on shares of DoorDash in a report on Friday, August 2nd. Finally, Oppenheimer boosted their price target on DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.12.

DoorDash Trading Down 0.7 %

DASH opened at $155.66 on Thursday. DoorDash has a twelve month low of $83.58 and a twelve month high of $165.07. The firm has a market cap of $64.06 billion, a price-to-earnings ratio of -345.91, a PEG ratio of 331.02 and a beta of 1.70. The company has a fifty day simple moving average of $140.40 and a 200 day simple moving average of $124.21.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative return on equity of 2.46% and a negative net margin of 1.69%. The company’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. On average, analysts forecast that DoorDash will post 0.01 earnings per share for the current fiscal year.

Insider Transactions at DoorDash

In other DoorDash news, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $123.43, for a total transaction of $6,685,709.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other DoorDash news, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $123.43, for a total value of $6,685,709.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shona L. Brown sold 5,005 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $120.00, for a total transaction of $600,600.00. Following the transaction, the director now owns 65,186 shares in the company, valued at approximately $7,822,320. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 383,710 shares of company stock valued at $53,725,640 over the last three months. 7.92% of the stock is owned by corporate insiders.

Institutional Trading of DoorDash

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. ORG Partners LLC lifted its holdings in DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 253 shares during the last quarter. Headlands Technologies LLC bought a new stake in DoorDash during the second quarter valued at about $32,000. Meeder Asset Management Inc. lifted its position in shares of DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after purchasing an additional 132 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of DoorDash during the first quarter worth approximately $42,000. Finally, Versant Capital Management Inc increased its position in 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 and hedge funds own 90.64% of the company’s stock.

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.