DoorDash (NASDAQ:DASH) Price Target Increased to $155.00 by Analysts at Evercore ISI

DoorDash (NASDAQ:DASH) had its target price boosted by Evercore ISI from $145.00 to $155.00 in a research report report published on Friday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on DASH. Wedbush reiterated a neutral rating and issued a $115.00 price objective on shares of DoorDash in a report on Friday. Oppenheimer lifted their price objective on DoorDash from $125.00 to $145.00 and gave the stock an outperform rating in a report on Friday. Redburn Atlantic initiated coverage on DoorDash in a report on Friday, July 26th. They issued a buy rating and a $170.00 price objective on the stock. Morgan Stanley lifted their price objective on DoorDash from $145.00 to $150.00 and gave the stock an overweight rating in a report on Friday. Finally, Truist Financial lifted their price objective on DoorDash from $145.00 to $150.00 and gave the stock a buy rating in a report on Friday. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $142.38.

DoorDash Stock Up 8.3 %

Shares of NASDAQ:DASH traded up $9.03 during trading on Friday, reaching $117.23. 12,666,595 shares of the company’s stock traded hands, compared to its average volume of 4,409,081. DoorDash has a fifty-two week low of $69.90 and a fifty-two week high of $143.34. The firm has a market cap of $47.94 billion, a PE ratio of -108.55, a P/E/G ratio of 40.25 and a beta of 1.67. The company has a 50-day simple moving average of $109.35 and a 200-day simple moving average of $118.25.

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 4.24% and a negative return on equity of 6.00%. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the business earned ($0.44) earnings per share. DoorDash’s revenue was up 23.3% on a year-over-year basis. On average, equities research analysts forecast that DoorDash will post 0.07 EPS for the current year.

Insider Transactions at DoorDash

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

Hedge Funds Weigh In On DoorDash

A number of institutional investors and hedge funds have recently modified their holdings of DASH. Spire Wealth Management acquired a new stake in DoorDash in the first quarter valued at $25,000. Venturi Wealth Management LLC raised its stake in DoorDash by 54.5% in the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock valued at $35,000 after buying an additional 90 shares in the last quarter. Versant Capital Management Inc raised its stake in DoorDash by 340.8% in the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after buying an additional 259 shares in the last quarter. ORG Partners LLC raised its stake in DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after buying an additional 253 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in DoorDash by 141.1% in the second quarter. First Horizon Advisors Inc. now owns 352 shares of the company’s stock valued at $38,000 after buying an additional 206 shares in the last quarter. Institutional investors and hedge funds 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.