Brokerages Set DoorDash, Inc. (NASDAQ:DASH) Target Price at $128.88

DoorDash, Inc. (NASDAQ:DASHGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the twenty-four research firms that are covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $130.52.

DASH has been the subject of several research reports. Jefferies Financial Group upgraded DoorDash from a “hold” rating to a “buy” rating and increased their price target for the stock from $90.00 to $130.00 in a research note on Monday, January 8th. Wedbush boosted their price target on shares of DoorDash from $92.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Piper Sandler raised shares of DoorDash from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $53.00 to $127.00 in a report on Friday, March 15th. Wells Fargo & Company raised their price target on DoorDash from $100.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Finally, UBS Group decreased their price objective on DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a research note on Friday, February 16th.

Check Out Our Latest Analysis on DoorDash

Insider Buying and Selling at DoorDash

In related news, Director Shona L. Brown sold 700 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $109.71, for a total transaction of $76,797.00. Following the completion of the sale, the director now directly owns 71,514 shares in the company, valued at approximately $7,845,800.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total value of $76,797.00. Following the sale, the director now directly owns 71,514 shares of the company’s stock, valued at $7,845,800.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Gordon S. Lee sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $124.50, for a total value of $124,500.00. Following the transaction, the chief accounting officer now directly owns 92,207 shares of the company’s stock, valued at approximately $11,479,771.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 497,282 shares of company stock worth $64,885,042. 9.59% of the stock is currently owned by insiders.

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently bought and sold shares of DASH. Fifth Third Bancorp grew its stake in shares of DoorDash by 448.8% in the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after acquiring an additional 359 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in 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 purchasing an additional 307 shares during the last quarter. Covestor Ltd lifted its holdings in shares of DoorDash by 101.2% during the third quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after purchasing an additional 253 shares in the last quarter. Valley National Advisers Inc. bought a new stake in DoorDash in the 4th quarter worth about $43,000. Finally, SJS Investment Consulting Inc. grew its stake in shares of DoorDash by 26.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after acquiring an additional 98 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Stock Performance

DASH opened at $127.18 on Thursday. DoorDash has a fifty-two week low of $56.59 and a fifty-two week high of $143.34. The firm has a 50-day moving average of $130.37 and a 200 day moving average of $106.96. The firm has a market cap of $51.38 billion, a P/E ratio of -88.94, a PEG ratio of 14.48 and a beta of 1.79.

DoorDash (NASDAQ:DASHGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the business earned ($0.63) EPS. The company’s revenue for the quarter was up 26.7% on a year-over-year basis. Equities research analysts predict that DoorDash will post 0.21 earnings per share for the current fiscal year.

DoorDash Company Profile

(Get Free Report

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.

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Analyst Recommendations for DoorDash (NASDAQ:DASH)

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