Susquehanna Issues Positive Forecast for DoorDash (NASDAQ:DASH) Stock Price

DoorDash (NASDAQ:DASH) had its price target boosted by investment analysts at Susquehanna from $180.00 to $235.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price objective indicates a potential upside of 16.98% from the stock’s previous close.

Other analysts have also issued research reports about the stock. KeyCorp increased their price target on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Needham & Company LLC raised their target price on DoorDash from $180.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday. Wedbush boosted their price target on DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday. Oppenheimer upped their price objective on DoorDash from $180.00 to $235.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Wells Fargo & Company lifted their target price on DoorDash from $166.00 to $198.00 and gave the company an “equal weight” rating in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $205.45.

DoorDash Stock Up 4.0 %

DASH opened at $200.89 on Thursday. The stock has a market capitalization of $83.45 billion, a price-to-earnings ratio of -446.42, a P/E/G ratio of 2.04 and a beta of 1.72. DoorDash has a twelve month low of $99.32 and a twelve month high of $201.17. The company has a 50-day simple moving average of $178.00 and a 200 day simple moving average of $156.37.

Insider Buying and Selling at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the sale, the chief operating officer now owns 925,222 shares of the company’s stock, valued at approximately $167,307,894.26. This represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Keith Yandell sold 7,980 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $1,356,440.40. Following the sale, the insider now owns 124,221 shares of the company’s stock, valued at approximately $21,115,085.58. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,040,758 shares of company stock valued at $181,434,201. 7.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DoorDash

Several institutional investors have recently added to or reduced their stakes in DASH. IFP Advisors Inc grew its position in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after buying an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after acquiring an additional 69 shares in the last quarter. Avestar Capital LLC grew its holdings in DoorDash by 1.1% in the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock worth $1,110,000 after purchasing an additional 75 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in DoorDash by 0.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after purchasing an additional 84 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its stake in DoorDash by 3.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,465 shares of the company’s stock valued at $414,000 after purchasing an additional 88 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

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.