DoorDash (NASDAQ:DASH) Price Target Raised to $180.00

by · The Cerbat Gem

DoorDash (NASDAQ:DASH – Free Report) had its target price increased by BMO Capital Markets from $140.00 to $180.00 in a research note published on Thursday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other brokerages also recently issued reports on DASH. Roth Mkm boosted their price objective on DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. UBS Group increased their price target on DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Argus began coverage on shares of DoorDash in a research note on Tuesday, July 23rd. They set a “hold” rating on the stock. JMP Securities increased their target price on shares of DoorDash from $145.00 to $160.00 and gave the company a “market outperform” rating in a research report on Monday, September 30th. Finally, Morgan Stanley boosted their price target on shares of DoorDash from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $163.12.

Check Out Our Latest Stock Report on DASH

DoorDash Stock Performance

Shares of NASDAQ:DASH opened at $155.66 on Thursday. The company’s fifty day moving average is $140.40 and its two-hundred day moving average is $124.15. DoorDash has a 1-year low of $83.58 and a 1-year high of $165.07. The stock has a market capitalization of $64.06 billion, a price-to-earnings ratio of -345.91, a price-to-earnings-growth ratio of 359.82 and a beta of 1.67.

DoorDash (NASDAQ:DASH – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the business earned ($0.19) EPS. The firm’s revenue was up 25.0% on a year-over-year basis. Sell-side analysts expect that DoorDash will post 0.01 EPS for the current fiscal year.

Insider Transactions at DoorDash

In related news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction on Friday, August 30th. The shares were sold at an average price of $127.86, for a total value of $895,020.00. Following the transaction, the chief financial officer now owns 396,152 shares in the company, valued at $50,651,994.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $127.86, for a total transaction of $895,020.00. Following the completion of the sale, the chief financial officer now owns 396,152 shares in the company, valued at $50,651,994.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tony Xu sold 81,249 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63. The disclosure for this sale can be found here. Over the last three months, insiders sold 378,705 shares of company stock worth $53,125,040. 7.92% of the stock is owned by insiders.

Institutional Trading of DoorDash

Several hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. lifted its position in shares of DoorDash by 82.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after acquiring an additional 132 shares during the period. Headlands Technologies LLC bought a new stake in shares of DoorDash in the 2nd quarter worth approximately $32,000. Versant Capital Management Inc lifted its position in shares of DoorDash by 340.8% in the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 259 shares during the period. ORG Partners LLC lifted its position in shares of DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 253 shares during the period. Finally, Quest Partners LLC lifted its position in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after acquiring an additional 204 shares during the period. Institutional investors own 90.64% of the company’s stock.

DoorDash Company Profile

(Get Free Report)

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.

Further Reading