DoorDash (NASDAQ:DASH) Price Target Raised to $220.00

DoorDash (NASDAQ:DASH) had its target price boosted by Benchmark from $180.00 to $220.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also commented on DASH. Citigroup boosted their price target on shares of DoorDash from $155.00 to $211.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. KeyCorp boosted their target price on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Barclays boosted their target price on shares of DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Evercore ISI boosted their target price on shares of DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, UBS Group boosted their target price on shares of DoorDash from $182.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $205.45.

DoorDash Stock Up 2.4 %

NASDAQ:DASH opened at $205.64 on Tuesday. The firm has a market cap of $85.42 billion, a PE ratio of -456.98, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72. DoorDash has a 12 month low of $99.32 and a 12 month high of $206.00. The company’s 50-day moving average price is $178.59 and its two-hundred day moving average price is $156.71.

Insider Activity

In other news, Director Stanley Tang sold 1,855 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $315,312.90. Following the completion of the transaction, the director now owns 35,413 shares in the company, valued at $6,019,501.74. This represents a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the completion of the transaction, the chief financial officer now owns 366,993 shares of the company’s stock, valued at $67,233,117.60. This trade represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 932,426 shares of company stock worth $162,990,678 over the last quarter. 7.92% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DASH. Norges Bank acquired a new position in DoorDash during the fourth quarter worth $597,443,000. Arrowstreet Capital Limited Partnership boosted its holdings in DoorDash by 67.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock worth $780,858,000 after purchasing an additional 1,869,866 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares during the last quarter. Franklin Resources Inc. boosted its holdings in DoorDash by 25.0% during the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock worth $796,781,000 after purchasing an additional 949,414 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in DoorDash during the fourth quarter worth $146,094,000. 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.