Shares of DoorDash, Inc. (NYSE:DASH – Get Free Report) hit a new 52-week high on Tuesday after JMP Securities raised their price target on the stock from $113.00 to $130.00. JMP Securities currently has a market outperform rating on the stock. DoorDash traded as high as $110.85 and last traded at $110.25, with a volume of 1185442 shares. The stock had previously closed at $108.12.
Other equities analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft started coverage on DoorDash in a report on Thursday, November 16th. They set a “buy” rating and a $125.00 price target for the company. Wedbush increased their price target on DoorDash from $85.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Piper Sandler increased their price target on DoorDash from $47.00 to $51.00 and gave the stock an “underweight” rating in a report on Thursday, November 2nd. TheStreet upgraded DoorDash from a “d” rating to a “c-” rating in a report on Friday, December 8th. Finally, Mizuho raised their target price on DoorDash from $120.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, DoorDash has a consensus rating of “Hold” and a consensus target price of $104.33.
Insider Buying and Selling at DoorDash
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position in DoorDash by 361.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after buying an additional 307 shares during the period. Fifth Third Bancorp grew its stake in shares of DoorDash by 448.8% in the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after purchasing an additional 359 shares during the last quarter. Valley National Advisers Inc. purchased a new position in shares of DoorDash in the 4th quarter valued at approximately $43,000. SJS Investment Consulting Inc. grew its stake in shares of DoorDash by 26.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after purchasing an additional 98 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of DoorDash in the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds own 75.84% of the company’s stock.
DoorDash Trading Up 1.8 %
The firm has a 50 day simple moving average of $102.24 and a two-hundred day simple moving average of $89.28. The company has a market capitalization of $45.53 billion, a PE ratio of -42.50 and a beta of 1.72.
DoorDash Company Profile
DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels.
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