DoorDash (NASDAQ:DASH) Price Target Raised to $150.00

DoorDash (NASDAQ:DASH) had its target price lifted by Truist Financial from $145.00 to $150.00 in a report released on Friday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.

DASH has been the topic of several other reports. Royal Bank of Canada dropped their target price on DoorDash from $175.00 to $165.00 and set an outperform rating on the stock in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft boosted their price target on DoorDash from $140.00 to $155.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. JMP Securities restated a market outperform rating and issued a $140.00 price target on shares of DoorDash in a research note on Thursday, July 18th. Benchmark restated a buy rating and issued a $150.00 price target on shares of DoorDash in a research note on Tuesday, July 30th. Finally, Loop Capital started coverage on DoorDash in a research note on Friday, April 19th. They issued a buy rating and a $170.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $142.81.

DoorDash Trading Up 0.6 %

Shares of DASH stock traded up $0.66 during trading hours on Friday, reaching $117.89. The company’s stock had a trading volume of 6,795,261 shares, compared to its average volume of 4,078,355. The stock has a market capitalization of $48.21 billion, a P/E ratio of -110.39, a P/E/G ratio of 40.25 and a beta of 1.67. DoorDash has a one year low of $69.90 and a one year high of $143.34. The firm’s fifty day simple moving average is $109.35 and its 200 day simple moving average is $118.46.

DoorDash (NASDAQ:DASH) last released its earnings results on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.29). DoorDash had a negative return on equity of 6.00% and a negative net margin of 4.24%. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period last year, the firm posted ($0.44) earnings per share. The company’s revenue was up 23.3% compared to the same quarter last year. As a group, equities research analysts forecast that DoorDash will post 0.07 earnings per share for the current fiscal year.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $113.40, for a total value of $5,670,000.00. Following the sale, the director now directly owns 39,275 shares in the company, valued at $4,453,785. The sale was disclosed in a document filed with the SEC, which is available at this link. In other DoorDash news, Director Shona L. Brown sold 1,712 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total transaction of $189,980.64. Following the transaction, the director now directly owns 70,191 shares in the company, valued at approximately $7,789,095.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $113.40, for a total value of $5,670,000.00. Following the transaction, the director now owns 39,275 shares in the company, valued at $4,453,785. The disclosure for this sale can be found here. Over the last three months, insiders have sold 459,016 shares of company stock worth $50,325,396. 7.92% of the stock is currently owned by company insiders.

Institutional Trading of DoorDash

Several hedge funds and other institutional investors have recently bought and sold shares of DASH. Vanguard Group Inc. boosted its position in shares of DoorDash by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock worth $2,897,823,000 after purchasing an additional 2,259,976 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of DoorDash by 6.4% in the 4th quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock worth $1,263,381,000 after purchasing an additional 772,977 shares in the last quarter. Capital World Investors lifted its position in DoorDash by 0.8% during the 1st quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock worth $1,304,242,000 after acquiring an additional 74,504 shares during the period. Price T Rowe Associates Inc. MD lifted its position in DoorDash by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock worth $753,281,000 after acquiring an additional 242,956 shares during the period. Finally, Janus Henderson Group PLC lifted its position in DoorDash by 11,416.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after acquiring an additional 3,425,115 shares during the period. 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.