DoorDash (NASDAQ:DASH) PT Raised to $144.00 at Citigroup

DoorDash (NASDAQ:DASH) had its price objective boosted by Citigroup from $141.00 to $144.00 in a report published on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. Oppenheimer increased their price objective on DoorDash from $140.00 to $150.00 and gave the stock an outperform rating in a research report on Monday, April 29th. Royal Bank of Canada lowered their price objective on DoorDash from $175.00 to $165.00 and set an outperform rating for the company in a research report on Thursday. UBS Group lowered their price target on DoorDash from $123.00 to $118.00 and set a neutral rating for the company in a research report on Friday, February 16th. Mizuho raised their price target on DoorDash from $140.00 to $152.00 and gave the stock a buy rating in a research report on Friday, February 16th. Finally, Moffett Nathanson upgraded DoorDash from a neutral rating to a buy rating and raised their price target for the stock from $118.00 to $164.00 in a research report on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, DoorDash presently has an average rating of Moderate Buy and a consensus target price of $129.96.

DoorDash Price Performance

DASH stock opened at $113.81 on Thursday. The firm has a market capitalization of $45.98 billion, a PE ratio of -105.38, a price-to-earnings-growth ratio of 13.07 and a beta of 1.78. DoorDash has a 1 year low of $60.36 and a 1 year high of $143.34. The business has a 50 day simple moving average of $131.86 and a 200-day simple moving average of $110.63.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.41) earnings per share. On average, equities research analysts expect that DoorDash will post 0.17 EPS for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total value of $17,458,308.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Keith Yandell sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $124.50, for a total transaction of $435,750.00. Following the transaction, the insider now owns 161,102 shares in the company, valued at approximately $20,057,199. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total value of $17,458,308.00. The disclosure for this sale can be found here. Insiders have sold a total of 487,782 shares of company stock worth $64,046,807 over the last ninety days. Corporate insiders own 9.59% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Hedge funds have recently modified their holdings of the business. Spire Wealth Management purchased a new stake in DoorDash during the 1st quarter valued at approximately $25,000. 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. Venturi Wealth Management LLC increased its holdings in shares of DoorDash by 54.5% in the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 90 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of 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 purchasing an additional 307 shares during the last quarter. Finally, 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 worth $40,000 after purchasing an additional 253 shares during the period. 90.64% of the stock is currently owned by hedge funds and other 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.