DoorDash (NASDAQ:DASH) Given New $140.00 Price Target at Susquehanna

DoorDash (NASDAQ:DASH) had its price target increased by Susquehanna from $135.00 to $140.00 in a report issued on Monday, Benzinga reports. The firm currently has a positive rating on the stock.

A number of other equities research analysts have also issued reports on DASH. Citigroup increased their target price on DoorDash from $141.00 to $144.00 and gave the company a buy rating in a research note on Thursday, May 2nd. Roth Mkm lowered their target price on DoorDash from $121.00 to $118.00 and set a neutral rating for the company in a research note on Thursday, May 2nd. Morgan Stanley increased their target price on DoorDash from $145.00 to $150.00 and gave the company an overweight rating in a research note on Friday, August 2nd. Benchmark reiterated a buy rating and issued a $150.00 target price on shares of DoorDash in a research note on Tuesday, July 30th. Finally, Truist Financial increased their target price on DoorDash from $145.00 to $150.00 and gave the company a buy rating in a research note on Friday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $141.93.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $124.76 on Monday. The firm has a market capitalization of $51.02 billion, a PE ratio of -115.52, a P/E/G ratio of 40.25 and a beta of 1.67. The business has a 50-day moving average of $110.21 and a two-hundred day moving average of $118.75. DoorDash has a 12 month low of $69.90 and a 12 month high of $143.34.

DoorDash (NASDAQ:DASH) last posted 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). 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 during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the business posted ($0.44) EPS. DoorDash’s quarterly revenue was up 23.3% compared to the same quarter last year. As a group, research analysts anticipate that DoorDash will post 0.07 earnings per share for the current year.

Insider Activity

In other news, General Counsel Tia Sherringham sold 11,740 shares of DoorDash stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $110.46, for a total transaction of $1,296,800.40. Following the transaction, the general counsel now directly owns 183,512 shares in the company, valued at approximately $20,270,735.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Andy Fang sold 50,000 shares of the firm’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 completion of the sale, the director now directly owns 39,275 shares of the company’s stock, valued at approximately $4,453,785. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Tia Sherringham sold 11,740 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was 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 of the company’s stock, valued at approximately $20,270,735.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 518,187 shares of company stock worth $57,611,706. 7.92% of the stock is owned by company insiders.

Institutional Trading of DoorDash

Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James & Associates boosted its position in DoorDash by 25.9% during the fourth quarter. Raymond James & Associates now owns 15,805 shares of the company’s stock valued at $1,563,000 after purchasing an additional 3,254 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in DoorDash by 55.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 19,866 shares of the company’s stock valued at $1,965,000 after purchasing an additional 7,077 shares during the last quarter. Global Retirement Partners LLC boosted its position in DoorDash by 3,072.2% during the fourth quarter. Global Retirement Partners LLC now owns 571 shares of the company’s stock valued at $59,000 after purchasing an additional 553 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in DoorDash by 11.9% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 37,861 shares of the company’s stock valued at $3,764,000 after purchasing an additional 4,033 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in DoorDash during the fourth quarter valued at $30,598,000. 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.