DoorDash (NASDAQ:DASH) Given New $225.00 Price Target at KeyCorp

DoorDash (NASDAQ:DASH) had its target price hoisted by stock analysts at KeyCorp from $180.00 to $225.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective indicates a potential upside of 29.52% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Citigroup raised their price objective on shares of DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Argus upgraded shares of DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Barclays lifted their price objective on DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. DA Davidson increased their target price on DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Raymond James began coverage on DoorDash in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.79.

DoorDash Stock Up 2.2 %

DASH stock opened at $173.72 on Thursday. DoorDash has a twelve month low of $97.02 and a twelve month high of $181.78. The company has a market cap of $72.16 billion, a PE ratio of -386.04, a price-to-earnings-growth ratio of 13.56 and a beta of 1.71. The business’s 50-day simple moving average is $172.46 and its 200 day simple moving average is $142.99.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.17. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. DoorDash’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.19) EPS. On average, equities research analysts anticipate that DoorDash will post 0.26 EPS for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Stanley Tang sold 50,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $170.34, for a total value of $8,517,000.00. Following the transaction, the director now owns 35,413 shares of the company’s stock, valued at approximately $6,032,250.42. This represents a 58.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Tony Xu sold 108,334 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total value of $19,507,703.38. Following the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $270,105. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,032,694 shares of company stock worth $175,964,786. Company insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

A number of hedge funds have recently modified their holdings of the company. Baillie Gifford & Co. increased its stake in DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. State Street Corp increased its position in shares of DoorDash by 3.8% in the 3rd quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after buying an additional 272,659 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of DoorDash by 14.5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after buying an additional 700,465 shares in the last quarter. Geode Capital Management LLC raised its stake in DoorDash by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after buying an additional 267,855 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after acquiring an additional 501,905 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.