DoorDash (NASDAQ:DASH) Given New $200.00 Price Target at Barclays

DoorDash (NASDAQ:DASH) had its price target boosted by Barclays from $163.00 to $200.00 in a research report released on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts have also weighed in on the stock. Jefferies Financial Group raised their price objective on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Mizuho upped their price objective on shares of DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday. Cantor Fitzgerald upped their price objective on shares of DoorDash from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday. Piper Sandler reaffirmed a “neutral” rating and set a $210.00 price objective (up from $160.00) on shares of DoorDash in a research note on Wednesday. Finally, Wolfe Research upped their price objective on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $205.45.

DoorDash Trading Up 3.8 %

NASDAQ:DASH opened at $213.38 on Thursday. DoorDash has a twelve month low of $99.32 and a twelve month high of $214.64. The company has a 50-day moving average of $179.29 and a 200-day moving average of $157.81. The firm has a market cap of $88.64 billion, a price-to-earnings ratio of -474.18, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72.

Insider Activity at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 14,219 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $2,416,945.62. Following the transaction, the chief financial officer now owns 380,993 shares in the company, valued at $64,761,190.14. This trade represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tony Xu sold 108,334 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $180.07, for a total value of $19,507,703.38. Following the transaction, the chief executive officer now owns 1,500 shares in the company, valued at approximately $270,105. This trade represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 932,426 shares of company stock valued at $162,990,678. 7.92% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DoorDash

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of DoorDash by 75.4% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 444,862 shares of the company’s stock worth $74,626,000 after acquiring an additional 191,213 shares during the last quarter. Becker Capital Management Inc. acquired a new stake in shares of DoorDash in the fourth quarter worth $201,000. Comerica Bank grew its stake in shares of DoorDash by 6.1% in the fourth quarter. Comerica Bank now owns 19,764 shares of the company’s stock worth $3,315,000 after acquiring an additional 1,136 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of DoorDash in the fourth quarter worth $188,000. Finally, Voleon Capital Management LP acquired a new stake in shares of DoorDash in the fourth quarter worth $10,456,000. 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.