DoorDash (NASDAQ:DASH) Given New $180.00 Price Target at KeyCorp

DoorDash (NASDAQ:DASH) had its target price boosted by KeyCorp from $177.00 to $180.00 in a research note published on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday. Roth Mkm raised their price objective on shares of DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Wells Fargo & Company lifted their price objective on DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, October 4th. Morgan Stanley raised their target price on DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Argus began coverage on DoorDash in a research note on Tuesday, July 23rd. They issued a “hold” rating on the stock. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.12.

DoorDash Price Performance

NASDAQ DASH opened at $155.66 on Thursday. DoorDash has a 1 year low of $83.58 and a 1 year high of $165.07. The stock has a market capitalization of $64.06 billion, a PE ratio of -345.91, a PEG ratio of 331.02 and a beta of 1.67. The business’s 50-day moving average is $140.40 and its 200 day moving average is $124.21.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.46% and a negative net margin of 1.69%. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period last year, the company earned ($0.19) EPS. As a group, equities research analysts anticipate that DoorDash will post 0.01 earnings per share for the current year.

Insider Activity

In other DoorDash news, Director Shona L. Brown sold 5,005 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,600.00. Following the completion of the sale, the director now directly owns 65,186 shares in the company, valued at approximately $7,822,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $127.86, for a total value of $895,020.00. Following the transaction, the chief financial officer now owns 396,152 shares in the company, valued at $50,651,994.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Shona L. Brown sold 5,005 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 65,186 shares in the company, valued at approximately $7,822,320. The trade was 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. Insiders own 7.92% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DASH. Meeder Asset Management Inc. grew 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 valued at $32,000 after acquiring an additional 132 shares during the period. Headlands Technologies LLC purchased a new position in DoorDash during the second quarter valued at $32,000. Versant Capital Management Inc grew its holdings in DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after purchasing an additional 259 shares during the period. ORG Partners LLC increased its position in DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after buying an additional 253 shares in the last quarter. Finally, Quest Partners LLC raised its stake in shares of DoorDash by 146.8% in the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after buying an additional 204 shares during the period. 90.64% of the stock is currently owned by institutional investors.

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.