DoorDash (NASDAQ:DASH) Price Target Raised to $222.00

DoorDash (NASDAQ:DASH) had its price target raised by equities research analysts at Mizuho from $200.00 to $222.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 14.97% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Citigroup raised their target price on shares of DoorDash from $211.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price objective on shares of DoorDash in a research report on Tuesday, January 28th. KeyCorp increased their price objective on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. The Goldman Sachs Group increased their price objective on shares of DoorDash from $161.00 to $192.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Finally, Jefferies Financial Group increased their price objective on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $184.55.

DoorDash Stock Up 0.2 %

DASH opened at $193.09 on Wednesday. The company has a fifty day moving average of $177.52 and a 200 day moving average of $156.06. DoorDash has a fifty-two week low of $99.32 and a fifty-two week high of $199.17.

Insider Activity at DoorDash

In other news, insider Keith Yandell sold 7,980 shares of DoorDash stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40. Following the transaction, the insider now owns 124,221 shares of the company’s stock, valued at $21,115,085.58. The trade was a 6.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the completion of the transaction, the chief financial officer now directly owns 366,993 shares in the company, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,040,758 shares of company stock worth $181,434,201 in the last 90 days. 7.92% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Asset Management One Co. Ltd. grew its position in shares of DoorDash by 10.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after buying an additional 10,755 shares during the last quarter. Swedbank AB grew its position in DoorDash by 3.3% during the 4th quarter. Swedbank AB now owns 171,055 shares of the company’s stock worth $28,694,000 after purchasing an additional 5,539 shares during the last quarter. Forsta AP Fonden grew its position in DoorDash by 18.6% during the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after purchasing an additional 10,100 shares during the last quarter. Sanctuary Advisors LLC grew its position in DoorDash by 48.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock worth $1,522,000 after purchasing an additional 3,498 shares during the last quarter. Finally, Baillie Gifford & Co. grew its position in DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after purchasing an additional 1,645,186 shares during the last quarter. 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.