DoorDash (NASDAQ:DASH) Price Target Raised to $200.00

DoorDash (NASDAQ:DASH) had its price objective lifted by analysts at UBS Group from $182.00 to $200.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 5.40% from the stock’s previous close.

A number of other research firms also recently weighed in on DASH. BMO Capital Markets increased their price target on shares of DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 target price on shares of DoorDash in a report on Tuesday, January 28th. Loop Capital upped their price target on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Morgan Stanley lifted their price objective on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Finally, Royal Bank of Canada boosted their target price on DoorDash from $175.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $179.39.

DoorDash Stock Up 0.5 %

Shares of DASH traded up $0.93 on Monday, hitting $189.76. 693,720 shares of the stock traded hands, compared to its average volume of 2,441,821. The firm has a market capitalization of $78.83 billion, a P/E ratio of -420.55, a P/E/G ratio of 1.97 and a beta of 1.72. DoorDash has a 1 year low of $99.32 and a 1 year high of $190.29. The stock’s 50 day moving average is $175.29 and its two-hundred day moving average is $151.59.

Insider Activity at DoorDash

In other news, CEO Tony Xu sold 115,432 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.01, for a total transaction of $20,432,618.32. Following the completion of the transaction, the chief executive officer now owns 1,500 shares in the company, valued at approximately $265,515. This represents a 98.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the completion of the sale, the chief financial officer now owns 366,993 shares in the company, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,040,758 shares of company stock valued at $181,434,201 in the last quarter. Insiders own 7.92% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Several large investors have recently made changes to their positions in DASH. Rakuten Securities Inc. increased its position in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after acquiring an additional 130 shares during the period. Pittenger & Anderson Inc. bought a new position in shares of DoorDash in the fourth quarter worth $29,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash during the fourth quarter valued at $34,000. ORG Wealth Partners LLC bought a new stake in shares of DoorDash during the fourth quarter valued at about $36,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after purchasing an additional 69 shares during the period. 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.