DoorDash (NASDAQ:DASH – Free Report) had its target price boosted by DA Davidson from $119.00 to $150.00 in a report published on Thursday, Benzinga reports. They currently have a neutral rating on the stock.
Several other analysts have also issued reports on the company. Jefferies Financial Group increased their price objective on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Redburn Atlantic started coverage on DoorDash in a report on Friday, July 26th. They set a “buy” rating and a $170.00 price target for the company. BTIG Research raised DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Thursday, September 19th. Wolfe Research assumed coverage on shares of DoorDash in a research report on Tuesday, July 16th. They set an “outperform” rating and a $130.00 price objective on the stock. Finally, Susquehanna boosted their target price on shares of DoorDash from $135.00 to $140.00 and gave the stock a “positive” rating in a research report on Monday, August 5th. Ten investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.12.
View Our Latest Stock Report on DoorDash
DoorDash Trading Down 0.7 %
DoorDash (NASDAQ:DASH – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.46%. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the firm posted ($0.19) earnings per share. The firm’s revenue was up 25.0% on a year-over-year basis. Research analysts anticipate that DoorDash will post 0.01 EPS for the current year.
Insider Buying and Selling at DoorDash
In other news, CEO Tony Xu sold 81,249 shares of DoorDash stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total transaction of $12,014,289.63. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Tony Xu sold 81,249 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total value of $12,014,289.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shona L. Brown sold 5,005 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,600.00. Following the completion of the sale, the director now directly owns 65,186 shares in the company, valued at $7,822,320. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 383,710 shares of company stock valued at $53,725,640 in the last quarter. Corporate insiders own 7.92% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. grew its stake in shares of DoorDash by 82.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares during the period. Headlands Technologies LLC acquired a new stake in DoorDash in the 2nd quarter valued at $32,000. Versant Capital Management Inc boosted its stake 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 buying an additional 259 shares in the last quarter. ORG Partners LLC grew its position in DoorDash by 2,108.3% in the first 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 period. Finally, Quest Partners LLC raised its stake in DoorDash by 146.8% during the second quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after acquiring an additional 204 shares in the last quarter. 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.
Further Reading
- Five stocks we like better than DoorDash
- What is a Special Dividend?
- From PACs to Portfolios: Billionaire Bets and Investor Reactions
- How to Use the MarketBeat Excel Dividend Calculator
- AppLovin Stock Quadruples: What’s Behind the Bullish Sentiment?
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Battle of the Retailers: Who Comes Out on Top?
Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.