DoorDash (NASDAQ:DASH) Receives New Coverage from Analysts at Loop Capital

Analysts at Loop Capital began coverage on shares of DoorDash (NASDAQ:DASH) in a research report issued on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $170.00 price target on the stock. Loop Capital’s price objective would suggest a potential upside of 30.67% from the stock’s current price.

Several other brokerages also recently issued reports on DASH. Wells Fargo & Company raised their price objective on shares of DoorDash from $100.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. JMP Securities lifted their price target on shares of DoorDash from $130.00 to $160.00 and gave the company a “market outperform” rating in a research note on Wednesday, March 27th. Jefferies Financial Group raised shares of DoorDash from a “hold” rating to a “buy” rating and lifted their price target for the company from $90.00 to $130.00 in a research note on Monday, January 8th. BMO Capital Markets lifted their price target on shares of DoorDash from $120.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, Oppenheimer lifted their price target on shares of DoorDash from $110.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $130.52.

DoorDash Trading Down 0.6 %

Shares of NASDAQ:DASH opened at $130.10 on Friday. DoorDash has a 12 month low of $56.59 and a 12 month high of $143.34. The company has a 50-day moving average price of $130.22 and a 200 day moving average price of $106.42. The company has a market cap of $52.56 billion, a price-to-earnings ratio of -90.98, a PEG ratio of 15.34 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.25 billion. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.63) EPS. As a group, equities analysts forecast that DoorDash will post 0.2 EPS for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, insider Keith Yandell sold 3,500 shares of DoorDash stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $104.89, for a total transaction of $367,115.00. Following the completion of the transaction, the insider now owns 179,350 shares in the company, valued at approximately $18,812,021.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $131.96, for a total transaction of $17,458,308.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Keith Yandell sold 3,500 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $104.89, for a total value of $367,115.00. Following the sale, the insider now owns 179,350 shares in the company, valued at $18,812,021.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 497,282 shares of company stock worth $64,885,042. Insiders own 9.59% of the company’s stock.

Institutional Investors Weigh In On DoorDash

A number of institutional investors have recently modified their holdings of the business. SJS Investment Consulting Inc. grew its position in shares of DoorDash by 26.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after acquiring an additional 98 shares during the period. Westside Investment Management Inc. grew its position in shares of DoorDash by 18.2% during the 4th quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock valued at $64,000 after acquiring an additional 100 shares during the period. Hillsdale Investment Management Inc. grew its position in shares of DoorDash by 1.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock valued at $647,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC grew its position in shares of DoorDash by 17.2% during the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $101,000 after acquiring an additional 108 shares during the period. Finally, Signaturefd LLC grew its position in shares of DoorDash by 3.3% during the 4th quarter. Signaturefd LLC now owns 3,824 shares of the company’s stock valued at $378,000 after acquiring an additional 121 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.