DoorDash (NASDAQ:DASH) Price Target Increased to $145.00 by Analysts at JMP Securities

DoorDash (NASDAQ:DASH) had its price objective boosted by JMP Securities from $140.00 to $145.00 in a report released on Friday morning, Benzinga reports. They currently have a market outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of DoorDash from $140.00 to $155.00 and gave the company a buy rating in a report on Tuesday, April 16th. Piper Sandler reissued a neutral rating and set a $125.00 price target (up from $115.00) on shares of DoorDash in a research report on Friday. Argus started coverage on shares of DoorDash in a research note on Tuesday, July 23rd. They set a hold rating on the stock. Royal Bank of Canada dropped their price target on shares of DoorDash from $175.00 to $165.00 and set an outperform rating on the stock in a research note on Thursday, May 2nd. Finally, BMO Capital Markets lifted their price target on DoorDash from $127.00 to $140.00 and gave the stock an outperform rating in a research note on Friday. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $142.38.

DoorDash Stock Up 8.3 %

Shares of DASH traded up $9.03 on Friday, hitting $117.23. 12,666,595 shares of the stock traded hands, compared to its average volume of 4,409,081. DoorDash has a 1 year low of $69.90 and a 1 year high of $143.34. The stock’s 50 day moving average is $109.35 and its two-hundred day moving average is $118.25. The firm has a market capitalization of $47.94 billion, a P/E ratio of -108.55, a P/E/G ratio of 40.25 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last issued its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.28). DoorDash had a negative net margin of 4.24% and a negative return on equity of 6.00%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the business posted ($0.44) EPS. DoorDash’s revenue was up 23.3% compared to the same quarter last year. Research analysts forecast that DoorDash will post 0.07 EPS for the current year.

Insider Buying and Selling

In related news, Director Shona L. Brown sold 1,712 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $110.97, for a total transaction of $189,980.64. Following the transaction, the director now directly owns 70,191 shares of the company’s stock, valued at $7,789,095.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other DoorDash news, General Counsel Tia Sherringham sold 11,740 shares of DoorDash stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $110.46, for a total value of $1,296,800.40. Following the completion of the sale, the general counsel now directly owns 183,512 shares in the company, valued at $20,270,735.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shona L. Brown sold 1,712 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total value of $189,980.64. Following the completion of the sale, the director now directly owns 70,191 shares of the company’s stock, valued at approximately $7,789,095.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 459,016 shares of company stock valued at $50,325,396. Corporate insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Institutional investors have recently made changes to their positions in the business. Spire Wealth Management acquired a new stake in shares of DoorDash in the first quarter worth $25,000. Venturi Wealth Management LLC grew its position in DoorDash by 54.5% in the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after purchasing an additional 90 shares during the last quarter. ORG Partners LLC increased its holdings in shares of DoorDash by 2,108.3% during the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 253 shares during the period. Hollencrest Capital Management bought a new position in DoorDash during the first quarter valued at about $42,000. Finally, Versant Capital Management Inc raised its holdings in DoorDash by 340.8% in the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after acquiring an additional 259 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

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.