BMO Capital Markets Raises DoorDash (NASDAQ:DASH) Price Target to $140.00

DoorDash (NASDAQ:DASH) had its price target increased by BMO Capital Markets from $127.00 to $140.00 in a report published on Friday, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also issued reports on DASH. Wells Fargo & Company raised their target price on shares of DoorDash from $100.00 to $125.00 and gave the stock an equal weight rating in a research report on Thursday, April 4th. Roth Mkm dropped their price objective on shares of DoorDash from $121.00 to $118.00 and set a neutral rating on the stock in a research note on Thursday, May 2nd. Evercore ISI increased their target price on shares of DoorDash from $145.00 to $155.00 and gave the stock an outperform rating in a research note on Friday. Royal Bank of Canada lowered their price target on DoorDash from $175.00 to $165.00 and set an outperform rating on the stock in a report on Thursday, May 2nd. Finally, Citigroup upped their price objective on DoorDash from $141.00 to $144.00 and gave the company a buy rating in a research note on Thursday, May 2nd. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, DoorDash has an average rating of Moderate Buy and a consensus target price of $142.58.

DoorDash Stock Down 0.3 %

DASH traded down $0.39 on Friday, reaching $116.84. The company had a trading volume of 3,860,719 shares, compared to its average volume of 4,058,660. DoorDash has a 1 year low of $69.90 and a 1 year high of $143.34. The stock has a market capitalization of $47.78 billion, a PE ratio of -108.55, a P/E/G ratio of 40.25 and a beta of 1.67. The stock has a 50-day moving average price of $109.35 and a 200-day moving average price of $118.46.

DoorDash (NASDAQ:DASH) last announced its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 6.00%. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period last year, the company earned ($0.44) earnings per share. As a group, analysts expect that DoorDash will post 0.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $106.64, for a total value of $746,480.00. Following the completion of the sale, the chief financial officer now directly owns 417,223 shares in the company, valued at $44,492,660.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction on Monday, July 15th. The shares were sold at an average price of $104.96, for a total transaction of $5,685,263.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $106.64, for a total value of $746,480.00. Following the transaction, the chief financial officer now owns 417,223 shares in the company, valued at approximately $44,492,660.72. The disclosure for this sale can be found here. In the last three months, insiders sold 459,016 shares of company stock valued at $50,325,396. Company insiders own 7.92% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of DoorDash by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock worth $2,897,823,000 after purchasing an additional 2,259,976 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of DoorDash by 6.4% in the 4th quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock worth $1,263,381,000 after buying an additional 772,977 shares during the last quarter. Capital World Investors boosted its holdings in shares of DoorDash by 0.8% in the 1st quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock valued at $1,304,242,000 after buying an additional 74,504 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of DoorDash by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock valued at $753,281,000 after buying an additional 242,956 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of DoorDash by 11,416.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after purchasing an additional 3,425,115 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

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.