JMP Securities Trims DoorDash (NASDAQ:DASH) Target Price to $140.00

DoorDash (NASDAQ:DASH) had its target price reduced by JMP Securities from $160.00 to $140.00 in a research report released on Thursday morning, Benzinga reports. They currently have a market outperform rating on the stock.

Other research analysts also recently issued reports about the stock. Benchmark reduced their price objective on shares of DoorDash from $165.00 to $150.00 and set a buy rating on the stock in a research report on Thursday. Wedbush reissued a neutral rating and issued a $115.00 price target on shares of DoorDash in a research note on Thursday. Truist Financial cut their price objective on DoorDash from $155.00 to $145.00 and set a buy rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their target price on DoorDash from $140.00 to $155.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. Finally, Needham & Company LLC restated a buy rating and issued a $137.00 target price on shares of DoorDash in a research note on Thursday. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of Moderate Buy and a consensus price target of $129.96.

DoorDash Price Performance

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

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

Insiders Place Their Bets

In related news, Director Shona L. Brown sold 700 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $109.71, for a total value of $76,797.00. Following the completion of the sale, the director now owns 71,514 shares of the company’s stock, valued at $7,845,800.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were 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 in the company, valued at approximately $7,845,800.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Tia Sherringham sold 1,880 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $120.15, for a total transaction of $225,882.00. Following the completion of the sale, the general counsel now directly owns 217,260 shares in the company, valued at $26,103,789. The disclosure for this sale can be found here. Insiders have sold a total of 487,782 shares of company stock valued at $64,046,807 in the last 90 days. 9.59% of the stock is owned by insiders.

Institutional Trading of DoorDash

A number of large investors have recently modified their holdings of the stock. Venturi Wealth Management LLC grew its position in shares of DoorDash by 54.5% during the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after buying an additional 90 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in 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 last quarter. Westside Investment Management Inc. grew its holdings in DoorDash by 18.2% during the 4th quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock worth $64,000 after acquiring an additional 100 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of DoorDash by 1.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock valued at $647,000 after purchasing an additional 100 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in shares of DoorDash by 0.3% in the 1st quarter. Summit Trail Advisors LLC now owns 36,925 shares of the company’s stock valued at $5,085,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors 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.