DoorDash (NASDAQ:DASH) Price Target Raised to $214.00 at Stifel Nicolaus

DoorDash (NASDAQ:DASH) had its price target hoisted by analysts at Stifel Nicolaus from $198.00 to $214.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential downside of 13.71% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. Wedbush reissued an “outperform” rating on shares of DoorDash in a report on Wednesday, May 7th. Loop Capital restated a “buy” rating on shares of DoorDash in a report on Tuesday, July 15th. Wells Fargo & Company upped their price target on shares of DoorDash from $198.00 to $239.00 and gave the company an “equal weight” rating in a research report on Monday, July 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $275.00 price target (up previously from $220.00) on shares of DoorDash in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of DoorDash from $205.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Eleven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.56.

DoorDash Price Performance

DASH opened at $248.00 on Tuesday. DoorDash has a fifty-two week low of $105.91 and a fifty-two week high of $250.71. The firm has a market capitalization of $105.09 billion, a price-to-earnings ratio of 322.08 and a beta of 1.70. The company’s 50 day moving average price is $228.81 and its two-hundred day moving average price is $202.36.

DoorDash (NASDAQ:DASH) last posted its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.05. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the firm posted ($0.06) EPS. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, equities research analysts predict that DoorDash will post 2.22 EPS for the current year.

Insider Buying and Selling

In related news, Director Shona L. Brown sold 825 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $250.00, for a total transaction of $206,250.00. Following the completion of the sale, the director owned 43,477 shares in the company, valued at approximately $10,869,250. This trade represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $244.78, for a total transaction of $348,811.50. Following the sale, the chief financial officer owned 244,905 shares of the company’s stock, valued at $59,947,845.90. This trade represents a 0.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 508,189 shares of company stock valued at $115,099,939 over the last 90 days. 5.83% of the stock is currently owned by company insiders.

Institutional Trading of DoorDash

A number of large investors have recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC increased its holdings in DoorDash by 1.3% during the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock worth $912,000 after buying an additional 46 shares during the last quarter. GeoWealth Management LLC increased its holdings in DoorDash by 3.7% during the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock worth $240,000 after buying an additional 51 shares during the last quarter. Yeomans Consulting Group Inc. increased its holdings in DoorDash by 3.9% during the second quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company’s stock worth $326,000 after buying an additional 51 shares during the last quarter. Palo Alto Wealth Advisors LLC increased its holdings in DoorDash by 0.4% during the first quarter. Palo Alto Wealth Advisors LLC now owns 12,057 shares of the company’s stock worth $2,385,000 after buying an additional 54 shares during the last quarter. Finally, LVW Advisors LLC increased its holdings in DoorDash by 4.5% during the second quarter. LVW Advisors LLC now owns 1,563 shares of the company’s stock worth $385,000 after buying an additional 68 shares during 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.