DoorDash, Inc. (NASDAQ:DASH) Receives $135.96 Consensus PT from Analysts

DoorDash, Inc. (NASDAQ:DASH) has earned a consensus recommendation of “Moderate Buy” from the twenty-seven analysts that are presently covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $137.60.

A number of analysts have weighed in on the company. Benchmark reiterated a “buy” rating and issued a $150.00 target price on shares of DoorDash in a research note on Tuesday. Royal Bank of Canada reduced their target price on DoorDash from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Loop Capital assumed coverage on DoorDash in a research report on Friday, April 19th. They set a “buy” rating and a $170.00 price target on the stock. JPMorgan Chase & Co. increased their price target on DoorDash from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Finally, JMP Securities reissued a “market outperform” rating and set a $140.00 price target on shares of DoorDash in a research report on Thursday, July 18th.

Insider Transactions at DoorDash

In related news, CEO Tony Xu sold 131,590 shares of DoorDash stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $111.61, for a total transaction of $14,686,759.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other DoorDash news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $113.40, for a total transaction of $5,670,000.00. Following the transaction, the director now owns 39,275 shares of the company’s stock, valued at $4,453,785. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tony Xu sold 131,590 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $111.61, for a total value of $14,686,759.90. The disclosure for this sale can be found here. Insiders sold a total of 452,016 shares of company stock worth $49,578,916 over the last three months. 7.92% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DoorDash

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Spire Wealth Management purchased a new stake in DoorDash in the first quarter valued at $25,000. Venturi Wealth Management LLC raised its position in DoorDash by 54.5% in the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 90 shares during the period. Versant Capital Management Inc raised its position in DoorDash by 340.8% in the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after purchasing an additional 259 shares during the period. ORG Partners LLC raised its position in DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after purchasing an additional 253 shares during the period. Finally, First Horizon Advisors Inc. raised its position in DoorDash by 141.1% in the second quarter. First Horizon Advisors Inc. now owns 352 shares of the company’s stock valued at $38,000 after purchasing an additional 206 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

NASDAQ:DASH opened at $110.72 on Friday. The stock’s fifty day moving average is $109.31 and its 200 day moving average is $118.23. DoorDash has a fifty-two week low of $69.90 and a fifty-two week high of $143.34. The firm has a market capitalization of $45.27 billion, a PE ratio of -102.52, a PEG ratio of 39.42 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the firm posted ($0.41) earnings per share. The business’s revenue was up 23.5% compared to the same quarter last year. Equities analysts forecast that DoorDash will post 0.07 EPS for the current year.

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.