DoorDash (NASDAQ:DASH) Price Target Raised to $127.00

DoorDash (NASDAQ:DASH) had its price target increased by Wells Fargo & Company from $125.00 to $127.00 in a research report released on Friday, Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts have also issued research reports about the company. Oppenheimer increased their target price on DoorDash from $125.00 to $145.00 and gave the stock an outperform rating in a research note on Friday. Loop Capital began coverage on DoorDash in a research note on Friday, April 19th. They issued a buy rating and a $170.00 target price on the stock. Evercore ISI increased their target price on DoorDash from $145.00 to $155.00 and gave the stock an outperform rating in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their target price on DoorDash from $140.00 to $155.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. Finally, Roth Mkm dropped their price target on DoorDash from $121.00 to $118.00 and set a neutral rating on the stock in a research report on Thursday, May 2nd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $142.81.

DoorDash Stock Up 3.5 %

DASH stock traded up $4.07 during midday trading on Friday, hitting $121.30. The company’s stock had a trading volume of 11,541,681 shares, compared to its average volume of 4,097,804. The firm has a market capitalization of $49.60 billion, a price-to-earnings ratio of -110.39, a price-to-earnings-growth ratio of 40.25 and a beta of 1.67. DoorDash has a 12 month low of $69.90 and a 12 month high of $143.34. The company has a 50 day moving average of $109.35 and a two-hundred day moving average of $118.46.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 6.00%. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the company posted ($0.44) EPS. The business’s quarterly revenue was up 23.3% on a year-over-year basis. On average, analysts anticipate that DoorDash will post 0.07 earnings per share for the current fiscal year.

Insider Activity at DoorDash

In other DoorDash news, insider Keith Yandell sold 12,088 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $111.84, for a total transaction of $1,351,921.92. Following the completion of the transaction, the insider now owns 161,651 shares of the company’s stock, valued at $18,079,047.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other DoorDash news, CEO Tony Xu sold 131,590 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $111.61, for a total transaction of $14,686,759.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $1,351,921.92. Following 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 sold 459,016 shares of company stock valued at $50,325,396 in the last ninety days. Corporate insiders own 7.92% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DASH. Janus Henderson Group PLC lifted its stake in shares of DoorDash by 11,416.7% in the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after acquiring an additional 3,425,115 shares in the last quarter. Norges Bank bought a new position in shares of DoorDash during the fourth quarter valued at approximately $264,806,000. Vanguard Group Inc. grew its holdings in shares of DoorDash by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock valued at $2,897,823,000 after purchasing an additional 2,259,976 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of DoorDash by 294.5% during the fourth quarter. Franklin Resources Inc. now owns 1,607,776 shares of the company’s stock valued at $158,993,000 after purchasing an additional 1,200,181 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of DoorDash by 40,319.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,039,592 shares of the company’s stock valued at $102,805,000 after purchasing an additional 1,037,020 shares during 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.