DoorDash (NASDAQ:DASH) Given New $230.00 Price Target at KeyCorp

DoorDash (NASDAQ:DASH) had its price target decreased by KeyCorp from $240.00 to $230.00 in a report issued on Tuesday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Other equities analysts have also issued research reports about the company. Piper Sandler reiterated a “neutral” rating and set a $210.00 price objective (up previously from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. JPMorgan Chase & Co. reduced their price target on DoorDash from $205.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada upped their price objective on DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Needham & Company LLC reaffirmed a “buy” rating on shares of DoorDash in a report on Monday, March 3rd. Finally, Oppenheimer reissued a “hold” rating on shares of DoorDash in a report on Monday, March 10th. Ten analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $208.88.

DoorDash Price Performance

NASDAQ:DASH opened at $181.24 on Tuesday. The company’s fifty day moving average price is $189.13 and its 200-day moving average price is $176.17. DoorDash has a 1-year low of $99.32 and a 1-year high of $215.25. The firm has a market capitalization of $76.14 billion, a P/E ratio of 671.26 and a beta of 1.69.

Insider Activity

In other DoorDash news, insider Keith Yandell sold 8,116 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the sale, the insider now directly owns 105,162 shares of the company’s stock, valued at approximately $21,395,208.90. This represents a 7.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Andy Fang sold 1,398 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the sale, the director now owns 14,778 shares in the company, valued at $3,006,584.10. The trade was a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,511 shares of company stock worth $30,308,544. Corporate insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Large investors have recently bought and sold shares of the business. Pittenger & Anderson Inc. purchased a new stake in DoorDash during the 4th quarter worth about $29,000. Denver PWM LLC purchased a new stake in DoorDash during the fourth quarter worth approximately $30,000. Princeton Global Asset Management LLC acquired a new position in DoorDash in the fourth quarter valued at approximately $34,000. ORG Wealth Partners LLC purchased a new position in DoorDash in the fourth quarter valued at approximately $36,000. Finally, IFP Advisors Inc raised its holdings in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after purchasing an additional 54 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.