DoorDash’s (DASH) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of DoorDash (NASDAQ:DASH) in a research report released on Thursday, Benzinga reports. JMP Securities currently has a $140.00 price objective on the stock.

Several other brokerages have also issued reports on DASH. BMO Capital Markets decreased their price objective on DoorDash from $138.00 to $127.00 and set an outperform rating for the company in a research report on Thursday, May 2nd. Oppenheimer increased their price objective on shares of DoorDash from $140.00 to $150.00 and gave the stock an outperform rating in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of DoorDash from $140.00 to $155.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Truist Financial lowered their target price on DoorDash from $155.00 to $145.00 and set a buy rating for the company in a report on Thursday, May 2nd. Finally, Moffett Nathanson upgraded DoorDash from a neutral rating to a buy rating and boosted their price target for the company from $118.00 to $164.00 in a report on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, DoorDash has a consensus rating of Moderate Buy and an average price target of $134.60.

DoorDash Stock Performance

DASH opened at $106.10 on Thursday. The firm’s fifty day moving average is $110.86 and its two-hundred day moving average is $117.92. The firm has a market cap of $43.39 billion, a PE ratio of -98.24, a price-to-earnings-growth ratio of 29.28 and a beta of 1.67. DoorDash has a twelve month low of $69.90 and a twelve month high of $143.34.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.41) EPS. Equities analysts forecast that DoorDash will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In other news, insider Keith Yandell sold 12,088 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $111.84, for a total transaction of $1,351,921.92. Following the completion of the sale, the insider now owns 161,651 shares in the company, valued at approximately $18,079,047.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other DoorDash news, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $130.95, for a total transaction of $916,650.00. Following the transaction, the chief financial officer now owns 384,425 shares in the company, valued at approximately $50,340,453.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Keith Yandell sold 12,088 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $111.84, for a total transaction of $1,351,921.92. Following the completion of the sale, the insider now directly owns 161,651 shares of the company’s stock, valued at approximately $18,079,047.84. The disclosure for this sale can be found here. Insiders have sold a total of 459,016 shares of company stock worth $50,495,566 over the last ninety days. Insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Several hedge funds and other institutional investors have recently bought and sold shares of DASH. Wedmont Private Capital acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $244,000. Westside Investment Management Inc. increased its holdings in DoorDash by 18.2% in the 4th quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock valued at $64,000 after buying an additional 100 shares during the period. Everhart Financial Group Inc. acquired a new position in shares of DoorDash in the 4th quarter valued at approximately $270,000. HB Wealth Management LLC bought a new stake in shares of DoorDash during the 4th quarter worth approximately $263,000. Finally, SJS Investment Consulting Inc. boosted 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 worth $46,000 after acquiring an additional 98 shares in the last quarter. 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.