DoorDash, Inc. (NASDAQ:DASH) Receives $128.88 Average Target Price from Analysts

Shares of DoorDash, Inc. (NASDAQ:DASH) have been given a consensus rating of “Moderate Buy” by the twenty-four research firms that are currently covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $130.52.

A number of brokerages have recently commented on DASH. Benchmark began coverage on DoorDash in a research report on Thursday, April 4th. They issued a “buy” rating and a $165.00 price objective for the company. Moffett Nathanson raised DoorDash from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $118.00 to $164.00 in a research report on Thursday, April 11th. BMO Capital Markets lifted their price objective on DoorDash from $120.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Susquehanna lifted their price objective on DoorDash from $110.00 to $135.00 and gave the company a “positive” rating in a research report on Tuesday, February 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th.

Insider Buying and Selling

In related news, CEO Tony Xu sold 132,300 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total value of $17,663,373.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Tony Xu sold 132,300 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total value of $17,663,373.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $109.73, for a total value of $548,650.00. Following the completion of the transaction, the chief financial officer now owns 414,738 shares in the company, valued at approximately $45,509,200.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 497,282 shares of company stock worth $64,885,042. 9.59% of the stock is currently owned by corporate insiders.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently bought and sold shares of the company. Spire Wealth Management acquired a new stake in DoorDash during the first quarter valued at approximately $25,000. Venturi Wealth Management LLC raised its stake in DoorDash by 54.5% during 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. Parkside Financial Bank & Trust raised its stake in DoorDash by 361.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after buying an additional 307 shares in the last quarter. Fifth Third Bancorp raised its stake in DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after buying an additional 359 shares in the last quarter. Finally, Valley National Advisers Inc. acquired a new stake in DoorDash during the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

DoorDash stock opened at $126.76 on Thursday. The stock has a fifty day moving average of $130.95 and a two-hundred day moving average of $108.06. The company has a market capitalization of $51.21 billion, a price-to-earnings ratio of -88.64, a PEG ratio of 14.16 and a beta of 1.79. DoorDash has a fifty-two week low of $56.59 and a fifty-two week high of $143.34.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.25 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. DoorDash’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.63) EPS. On average, analysts forecast that DoorDash will post 0.21 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.