DoorDash, Inc. (NASDAQ:DASH) Receives Consensus Rating of “Moderate Buy” from Brokerages

DoorDash, Inc. (NASDAQ:DASH) has been given an average recommendation of “Moderate Buy” by the thirty-one ratings firms that are presently covering the stock, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $143.00.

A number of brokerages recently weighed in on DASH. Oppenheimer boosted their price target on shares of DoorDash from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Barclays boosted their price target on shares of DoorDash from $113.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. BTIG Research raised shares of DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Thursday. UBS Group upped their price objective on shares of DoorDash from $125.00 to $143.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets upped their price objective on shares of DoorDash from $127.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, August 2nd.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Shona L. Brown sold 1,712 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were 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 $7,789,095.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other DoorDash news, Director Shona L. Brown sold 1,712 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were 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 $7,789,095.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the transaction, the director now owns 18,089 shares in the company, valued at $2,355,187.80. The disclosure for this sale can be found here. Insiders have sold 304,769 shares of company stock worth $34,760,113 over the last ninety days. Insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

A number of institutional investors have recently made changes to their positions in DASH. Truist Financial Corp purchased a new stake in shares of DoorDash during the fourth quarter valued at approximately $405,000. Private Advisor Group LLC purchased a new stake in DoorDash in the fourth quarter worth $219,000. Principal Securities Inc. purchased a new stake in DoorDash in the fourth quarter worth $96,000. Dimensional Fund Advisors LP lifted its stake in DoorDash by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,036,374 shares of the company’s stock worth $102,497,000 after acquiring an additional 23,159 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in DoorDash in the fourth quarter worth $285,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Price Performance

NASDAQ DASH opened at $137.29 on Friday. DoorDash has a 1 year low of $69.90 and a 1 year high of $143.34. The firm has a market cap of $56.14 billion, a price-to-earnings ratio of -127.12, a PEG ratio of 275.59 and a beta of 1.69. The company has a fifty day moving average price of $120.04 and a 200-day moving average price of $121.42.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.54 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. DoorDash’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.44) earnings per share. On average, research analysts anticipate that DoorDash will post 0.01 EPS for the current fiscal year.

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.