DoorDash (NASDAQ:DASH) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of DoorDash (NASDAQ:DASH) in a research note released on Thursday, Marketbeat.com reports. The firm issued an overweight rating and a $160.00 target price on the stock.

Other research analysts have also issued reports about the stock. DA Davidson raised their price target on shares of DoorDash from $110.00 to $119.00 and gave the company a neutral rating in a research note on Monday, August 5th. Wolfe Research initiated coverage on DoorDash in a research report on Tuesday, July 16th. They set an outperform rating and a $130.00 price target for the company. Oppenheimer increased their price objective on DoorDash from $125.00 to $145.00 and gave the company an outperform rating in a research note on Friday, August 2nd. Redburn Atlantic initiated coverage on shares of DoorDash in a research note on Friday, July 26th. They set a buy rating and a $170.00 target price on the stock. Finally, Roth Mkm increased their target price on shares of DoorDash from $118.00 to $124.00 and gave the company a neutral rating in a research report on Monday, August 5th. Eleven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, DoorDash presently has an average rating of Moderate Buy and a consensus price target of $142.57.

DoorDash Trading Down 2.2 %

Shares of DASH opened at $123.56 on Thursday. The firm has a market cap of $50.53 billion, a P/E ratio of -114.41, a PEG ratio of 768.41 and a beta of 1.69. DoorDash has a 12 month low of $69.90 and a 12 month high of $143.34. The stock’s 50 day moving average is $116.66 and its two-hundred day moving average is $121.05.

DoorDash (NASDAQ:DASH) last released its quarterly 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 company 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 5.91%. DoorDash’s revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.44) EPS.

Insider Activity at DoorDash

In other news, CEO Tony Xu sold 54,166 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $104.96, for a total transaction of $5,685,263.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $127.86, for a total transaction of $895,020.00. Following the sale, the chief financial officer now owns 396,152 shares in the company, valued at $50,651,994.72. The disclosure for this sale can be found here. Insiders sold 254,769 shares of company stock worth $28,250,113 in the last three months. 7.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On DoorDash

Several large investors have recently bought and sold shares of DASH. Spire Wealth Management purchased a new position in DoorDash in the first quarter worth approximately $25,000. ORG Partners LLC increased its holdings in shares of DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after acquiring an additional 253 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of DoorDash during the 2nd quarter worth about $32,000. Meeder Asset Management Inc. lifted its stake in DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after purchasing an additional 132 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new position in DoorDash in the first quarter valued at approximately $42,000. Hedge funds and other institutional investors 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.