DoorDash, Inc. (NASDAQ:DASH) Receives $135.96 Consensus Price Target from Analysts

Shares of DoorDash, Inc. (NASDAQ:DASH) have been assigned an average recommendation of “Moderate Buy” from the twenty-eight analysts that are currently covering the stock, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $142.38.

Several research firms have recently issued reports on DASH. Needham & Company LLC raised their price objective on DoorDash from $137.00 to $145.00 and gave the company a “buy” rating in a research note on Friday. Piper Sandler reissued a “neutral” rating and issued a $125.00 price objective (up from $115.00) on shares of DoorDash in a research report on Friday. UBS Group boosted their target price on DoorDash from $125.00 to $143.00 and gave the company a “neutral” rating in a research report on Friday. Barclays increased their price target on DoorDash from $113.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Redburn Atlantic assumed coverage on DoorDash in a report on Friday, July 26th. They set a “buy” rating and a $170.00 price objective for the company.

DoorDash Price Performance

DASH stock opened at $117.23 on Friday. DoorDash has a 1-year low of $69.90 and a 1-year high of $143.34. The business has a 50 day simple moving average of $109.35 and a two-hundred day simple moving average of $118.25. The company has a market capitalization of $47.94 billion, a price-to-earnings ratio of -108.55, a PEG ratio of 41.18 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last posted its earnings results on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.28). DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the company posted ($0.44) earnings per share. The firm’s revenue was up 23.3% compared to the same quarter last year. Sell-side analysts anticipate that DoorDash will post 0.07 EPS for the current fiscal year.

Insider Transactions at DoorDash

In related news, CEO Tony Xu sold 131,590 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $111.61, for a total transaction of $14,686,759.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Tony Xu sold 131,590 shares of DoorDash stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $111.61, for a total transaction of $14,686,759.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $113.40, for a total value of $5,670,000.00. Following the completion of the transaction, the director now directly owns 39,275 shares of the company’s stock, valued at $4,453,785. The disclosure for this sale can be found here. Insiders have sold 459,016 shares of company stock worth $50,325,396 over the last 90 days. 7.92% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DASH. Wells Fargo & Company MN increased its stake in shares of DoorDash by 102.5% in the 4th quarter. Wells Fargo & Company MN now owns 199,152 shares of the company’s stock valued at $19,694,000 after purchasing an additional 100,787 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of DoorDash during the 1st quarter worth approximately $2,969,000. Sequoia Financial Advisors LLC purchased a new stake in DoorDash in the 4th quarter worth $769,000. Bank of Nova Scotia raised its position in shares of DoorDash by 298.3% during the 4th quarter. Bank of Nova Scotia now owns 186,201 shares of the company’s stock worth $18,413,000 after purchasing an additional 139,450 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in DoorDash by 294.5% in the 4th quarter. Franklin Resources Inc. now owns 1,607,776 shares of the company’s stock worth $158,993,000 after buying an additional 1,200,181 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.