DoorDash (NASDAQ:DASH) Given New $212.00 Price Target at The Goldman Sachs Group

DoorDash (NASDAQ:DASH) had its target price raised by The Goldman Sachs Group from $192.00 to $212.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts also recently issued research reports about the stock. Evercore ISI raised their price objective on shares of DoorDash from $200.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday. Truist Financial boosted their price objective on DoorDash from $180.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Jefferies Financial Group increased their target price on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Mizuho boosted their target price on shares of DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Citigroup raised their price target on shares of DoorDash from $211.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and a consensus price target of $202.67.

DoorDash Trading Up 4.0 %

DASH stock opened at $200.89 on Wednesday. The firm’s fifty day simple moving average is $178.00 and its two-hundred day simple moving average is $156.37. DoorDash has a twelve month low of $99.32 and a twelve month high of $201.17.

Insider Buying and Selling

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the sale, the chief financial officer now directly owns 366,993 shares in the company, valued at $67,233,117.60. This represents a 0.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Monday, November 18th. The stock was sold at an average price of $172.67, for a total value of $8,633,500.00. Following the transaction, the director now owns 18,089 shares in the company, valued at approximately $3,123,427.63. This represents a 73.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,040,758 shares of company stock valued at $181,434,201. Corporate insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Several large investors have recently modified their holdings of DASH. Rakuten Securities Inc. raised its holdings in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after buying an additional 130 shares during the period. Pittenger & Anderson Inc. acquired a new stake in shares of DoorDash during the fourth quarter valued at about $29,000. Denver PWM LLC purchased a new stake in shares of DoorDash in the 4th quarter valued at approximately $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash in the 4th quarter worth approximately $34,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of DoorDash during the 4th quarter worth approximately $36,000. 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.