KeyCorp Lowers DoorDash (NASDAQ:DASH) Price Target to $230.00

DoorDash (NASDAQ:DASH) had its price target lowered by analysts at KeyCorp from $240.00 to $230.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective would suggest a potential upside of 25.72% from the stock’s previous close.

A number of other research analysts also recently issued reports on DASH. Loop Capital boosted their price objective on DoorDash from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Truist Financial increased their price objective on shares of DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Oppenheimer restated a “hold” rating on shares of DoorDash in a research note on Monday, March 10th. Mizuho boosted their target price on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley lifted their price target on DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and an average price target of $207.55.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $182.95 on Tuesday. DoorDash has a 52-week low of $99.32 and a 52-week high of $215.25. The company’s 50 day moving average price is $189.98 and its 200-day moving average price is $175.84. The company has a market capitalization of $76.86 billion, a P/E ratio of 678.21 and a beta of 1.69.

Insider Activity at DoorDash

In other DoorDash news, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the sale, the director now owns 14,778 shares of the company’s stock, valued at approximately $3,006,584.10. This trade represents a 8.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $2,459,303.60. Following the sale, the general counsel now directly owns 122,135 shares in the company, valued at $24,848,365.75. This trade represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 158,523 shares of company stock worth $30,310,620 over the last ninety days. 7.92% of the stock is owned by corporate insiders.

Institutional Trading of DoorDash

A number of large investors have recently made changes to their positions in the stock. Pittenger & Anderson Inc. purchased a new stake in DoorDash during the 4th quarter valued at $29,000. Denver PWM LLC bought a new stake in DoorDash during the fourth quarter valued at about $30,000. Princeton Global Asset Management LLC bought a new position in shares of DoorDash in the fourth quarter worth about $34,000. ORG Wealth Partners LLC purchased a new stake in shares of DoorDash during the fourth quarter worth about $36,000. Finally, IFP Advisors Inc lifted its holdings in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after purchasing an additional 54 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

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.