DoorDash (NASDAQ:DASH) Price Target Raised to $200.00 at Loop Capital

DoorDash (NASDAQ:DASH) had its price target lifted by Loop Capital from $170.00 to $200.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently commented on DASH. Needham & Company LLC increased their price target on DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. JMP Securities lifted their price objective on DoorDash from $160.00 to $190.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Roth Mkm boosted their target price on shares of DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their price target on DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, KeyCorp lifted their price objective on shares of DoorDash from $177.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $164.03.

DoorDash Price Performance

DoorDash stock opened at $176.49 on Tuesday. DoorDash has a one year low of $86.33 and a one year high of $177.30. The firm has a market cap of $73.31 billion, a PE ratio of -392.20, a price-to-earnings-growth ratio of 14.42 and a beta of 1.67. The stock’s fifty day moving average price is $146.13 and its two-hundred day moving average price is $126.06.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the firm posted ($0.19) earnings per share. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. Sell-side analysts expect that DoorDash will post 0.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Prabir Adarkar sold 32,124 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the completion of the transaction, the chief operating officer now directly owns 963,094 shares in the company, valued at $142,528,281.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other DoorDash news, COO Prabir Adarkar sold 32,124 shares of DoorDash stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the completion of the sale, the chief operating officer now directly owns 963,094 shares in the company, valued at $142,528,281.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $130.20, for a total value of $6,510,000.00. Following the sale, the director now directly owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 324,539 shares of company stock valued at $46,439,330. Company insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Several hedge funds have recently added to or reduced their stakes in DASH. Brighton Jones LLC increased its holdings in shares of DoorDash by 0.8% in the second quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock worth $1,122,000 after buying an additional 82 shares during the period. Everhart Financial Group Inc. increased its stake in DoorDash by 3.1% in the 2nd quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock worth $355,000 after purchasing an additional 99 shares during the period. E Fund Management Co. Ltd. lifted its position in DoorDash by 3.5% in the second quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock valued at $355,000 after purchasing an additional 111 shares during the last quarter. SJS Investment Consulting Inc. boosted its stake in shares of DoorDash by 21.0% during the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock valued at $73,000 after purchasing an additional 117 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in shares of DoorDash by 39.0% in the third quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock worth $61,000 after purchasing an additional 119 shares during the last quarter. 90.64% of the stock is 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.