DoorDash (NASDAQ:DASH) Price Target Raised to $155.00 at Truist Financial

DoorDash (NASDAQ:DASH) had its price target upped by Truist Financial from $140.00 to $155.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Susquehanna boosted their price target on DoorDash from $110.00 to $135.00 and gave the company a positive rating in a report on Tuesday, February 20th. Wedbush upped their target price on DoorDash from $92.00 to $115.00 and gave the stock a neutral rating in a report on Friday, February 16th. UBS Group reduced their target price on DoorDash from $123.00 to $118.00 and set a neutral rating on the stock in a report on Friday, February 16th. Deutsche Bank Aktiengesellschaft upped their target price on DoorDash from $125.00 to $140.00 in a report on Thursday, February 15th. Finally, The Goldman Sachs Group upped their target price on DoorDash from $109.00 to $122.00 and gave the stock a neutral rating in a report on Friday, February 16th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $123.82.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $138.88 on Wednesday. DoorDash has a 1 year low of $56.59 and a 1 year high of $143.34. The company has a market cap of $56.11 billion, a PE ratio of -97.12, a P/E/G ratio of 16.15 and a beta of 1.78. The stock’s 50-day moving average is $121.26 and its 200 day moving average is $100.22.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the prior year, the firm earned ($0.63) EPS. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. Analysts expect that DoorDash will post 0.2 EPS for the current fiscal year.

Insider Activity at DoorDash

In related news, insider Keith Yandell sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $104.89, for a total value of $367,115.00. Following the transaction, the insider now directly owns 179,350 shares of the company’s stock, valued at approximately $18,812,021.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Keith Yandell sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $104.89, for a total value of $367,115.00. Following the transaction, the insider now directly owns 179,350 shares of the company’s stock, valued at approximately $18,812,021.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shona L. Brown sold 700 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $93.54, for a total value of $65,478.00. Following the completion of the transaction, the director now directly owns 72,214 shares in the company, valued at $6,754,897.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 519,087 shares of company stock valued at $58,139,690. 9.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On DoorDash

Several hedge funds and other institutional investors have recently modified their holdings of DASH. Fifth Third Bancorp lifted its holdings in shares of DoorDash by 448.8% during the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after buying an additional 359 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after buying an additional 307 shares during the period. Covestor Ltd lifted its holdings in shares of DoorDash by 101.2% during the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after buying an additional 253 shares during the period. Valley National Advisers Inc. bought a new position in shares of DoorDash during the 4th quarter valued at $43,000. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of DoorDash by 26.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after buying an additional 98 shares during the period. 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.