DoorDash, Inc. (NASDAQ:DASH) Receives $263.89 Average PT from Brokerages

DoorDash, Inc. (NASDAQ:DASH) has earned an average rating of “Moderate Buy” from the thirty-six brokerages that are currently covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $264.7353.

Several research firms have weighed in on DASH. The Goldman Sachs Group set a $267.00 price objective on DoorDash in a research report on Monday, February 2nd. DA Davidson lowered their price target on shares of DoorDash from $260.00 to $224.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Citigroup dropped their price objective on shares of DoorDash from $283.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Roth Mkm restated a “neutral” rating and set a $200.00 target price on shares of DoorDash in a research report on Thursday, February 19th. Finally, Mizuho lowered their target price on shares of DoorDash from $350.00 to $320.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $209.01, for a total transaction of $9,491,144.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Ravi Inukonda sold 1,017 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $215.14, for a total value of $218,797.38. Following the sale, the chief financial officer owned 208,412 shares of the company’s stock, valued at approximately $44,837,757.68. This represents a 0.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 291,236 shares of company stock worth $63,380,925 in the last three months. Company insiders own 5.83% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Hedge funds have recently added to or reduced their stakes in the business. Gilbert & Cook Inc. raised its holdings in DoorDash by 2.6% during the 2nd quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after purchasing an additional 42 shares during the last quarter. Resonant Capital Advisors LLC increased its position in shares of DoorDash by 3.5% during the third quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock worth $334,000 after buying an additional 42 shares during the period. Premier Path Wealth Partners LLC increased its position in shares of DoorDash by 1.9% during the third quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock worth $657,000 after buying an additional 45 shares during the period. Advisory Resource Group raised its stake in DoorDash by 0.8% during the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock worth $1,423,000 after buying an additional 48 shares during the last quarter. Finally, Quotient Wealth Partners LLC lifted its holdings in DoorDash by 3.2% in the third quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock valued at $418,000 after buying an additional 48 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Down 2.2%

Shares of DASH opened at $176.47 on Friday. DoorDash has a 52 week low of $155.40 and a 52 week high of $285.50. The firm has a market cap of $76.66 billion, a P/E ratio of 83.24 and a beta of 1.77. The firm’s 50-day simple moving average is $202.02 and its 200 day simple moving average is $227.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The company’s revenue was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. On average, analysts forecast that DoorDash will post 2.22 earnings per share for the current year.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.