Deutsche Bank Aktiengesellschaft Increases DoorDash (NASDAQ:DASH) Price Target to $155.00

DoorDash (NASDAQ:DASH) had its price objective lifted by equities research analysts at Deutsche Bank Aktiengesellschaft from $140.00 to $155.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 18.41% from the stock’s current price.

Several other brokerages have also weighed in on DASH. Benchmark assumed coverage on shares of DoorDash in a report on Thursday, April 4th. They issued a “buy” rating and a $165.00 price objective on the stock. The Goldman Sachs Group increased their price target on shares of DoorDash from $109.00 to $122.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. JMP Securities raised their target price on shares of DoorDash from $130.00 to $160.00 and gave the stock a “market outperform” rating in a research note on Wednesday, March 27th. Royal Bank of Canada upgraded shares of DoorDash from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $130.00 to $175.00 in a research note on Monday, March 4th. Finally, Wells Fargo & Company lifted their price target on shares of DoorDash from $100.00 to $125.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $128.88.

DoorDash Trading Down 2.2 %

Shares of DASH stock opened at $130.90 on Tuesday. DoorDash has a 1 year low of $56.59 and a 1 year high of $143.34. The firm’s 50 day moving average is $129.98 and its 200-day moving average is $106.26. The firm has a market capitalization of $52.88 billion, a price-to-earnings ratio of -91.54, a PEG ratio of 15.58 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last announced its 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 return on equity of 8.49% and a negative net margin of 6.46%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the company posted ($0.63) earnings per share. DoorDash’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, equities research analysts forecast that DoorDash will post 0.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Andy Fang sold 66,195 shares of DoorDash stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $139.31, for a total transaction of $9,221,625.45. Following the sale, the director now directly owns 36,482 shares in the company, valued at approximately $5,082,307.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $141.60, for a total value of $99,120.00. Following the transaction, the director now directly owns 70,111 shares of the company’s stock, valued at approximately $9,927,717.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andy Fang sold 66,195 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $139.31, for a total value of $9,221,625.45. Following the sale, the director now owns 36,482 shares in the company, valued at $5,082,307.42. The disclosure for this sale can be found here. Insiders have sold a total of 364,982 shares of company stock worth $47,221,669 in the last ninety days. 9.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its position in DoorDash by 448.8% during the third 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 raised its holdings in DoorDash by 361.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after acquiring an additional 307 shares in the last quarter. Covestor Ltd raised its holdings in DoorDash by 101.2% in the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after acquiring an additional 253 shares in the last quarter. Valley National Advisers Inc. acquired a new position in DoorDash in the 4th quarter valued at approximately $43,000. Finally, SJS Investment Consulting Inc. raised its holdings in shares of DoorDash by 26.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after buying an additional 98 shares in the last quarter. 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.