DoorDash, Inc. (NASDAQ:DASH) Receives $207.21 Average Price Target from Brokerages

Shares of DoorDash, Inc. (NASDAQ:DASH) have been given an average rating of “Moderate Buy” by the thirty-five brokerages that are currently covering the company, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $207.29.

DASH has been the subject of several research reports. Susquehanna lifted their price target on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on shares of DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Citigroup restated a “buy” rating on shares of DoorDash in a report on Saturday, March 8th. Barclays lifted their price target on DoorDash from $163.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, February 13th. Finally, Cantor Fitzgerald increased their price objective on DoorDash from $200.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th.

DoorDash Stock Performance

Shares of DoorDash stock opened at $163.16 on Thursday. The stock has a market capitalization of $68.54 billion, a PE ratio of 604.30 and a beta of 1.69. DoorDash has a 52 week low of $99.32 and a 52 week high of $215.25. The stock has a 50 day moving average price of $191.90 and a two-hundred day moving average price of $173.77.

Insider Activity

In related news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $170.01, for a total value of $8,500,500.00. Following the sale, the director now directly owns 16,176 shares in the company, valued at approximately $2,750,081.76. The trade was a 75.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the sale, the director now directly owns 18,285 shares in the company, valued at approximately $3,313,424.85. This trade represents a 71.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 258,523 shares of company stock valued at $47,227,120 in the last 90 days. Insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

A number of institutional investors have recently added to or reduced their stakes in DASH. GeoWealth Management LLC grew its stake in DoorDash by 3.7% during the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock valued at $240,000 after acquiring an additional 51 shares in the last quarter. IFP Advisors Inc grew its position in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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. Avestar Capital LLC boosted its stake in DoorDash by 1.1% during the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after buying an additional 75 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in DoorDash by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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.