DoorDash’s (DASH) “Market Outperform” Rating Reaffirmed at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of DoorDash (NASDAQ:DASH) in a report issued on Monday,Benzinga reports. The firm currently has a $225.00 price objective on the stock.

A number of other research analysts have also weighed in on the stock. Wolfe Research raised their price target on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Evercore ISI reissued an “outperform” rating on shares of DoorDash in a research report on Monday, March 10th. Wells Fargo & Company upped their target price on DoorDash from $198.00 to $201.00 and gave the company an “equal weight” rating in a report on Thursday, April 3rd. KeyCorp dropped their price target on DoorDash from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Finally, Truist Financial upped their price objective on DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average target price of $209.66.

DoorDash Trading Up 0.1 %

Shares of NASDAQ:DASH opened at $187.88 on Monday. The stock has a market cap of $78.93 billion, a PE ratio of 695.85 and a beta of 1.69. The stock’s fifty day simple moving average is $185.58 and its two-hundred day simple moving average is $178.49. DoorDash has a 1-year low of $99.32 and a 1-year high of $215.25.

Insider Transactions at DoorDash

In other DoorDash news, General Counsel Tia Sherringham sold 12,088 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $2,459,303.60. Following the transaction, the general counsel now directly owns 122,135 shares in the company, valued at $24,848,365.75. This represents a 9.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $284,423.10. Following the sale, the director now owns 14,778 shares of the company’s stock, valued at approximately $3,006,584.10. This trade represents a 8.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,086 shares of company stock valued at $30,127,884. 7.92% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. GeoWealth Management LLC grew its stake in DoorDash by 3.7% in the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock worth $240,000 after buying an additional 51 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after acquiring an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position 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 acquiring an additional 69 shares in the last quarter. Avestar Capital LLC grew its position in DoorDash by 1.1% in the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock worth $1,110,000 after acquiring an additional 75 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in DoorDash by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after acquiring an additional 84 shares during the last quarter. 90.64% of the stock is currently owned by 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.