DoorDash, Inc. (NASDAQ:DASH) Given Consensus Rating of “Moderate Buy” by Brokerages

DoorDash, Inc. (NASDAQ:DASH) has received a consensus rating of “Moderate Buy” from the thirty-four analysts that are currently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $205.45.

A number of equities analysts have weighed in on the stock. Benchmark upped their price objective on shares of DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. UBS Group upped their price objective on shares of DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Roth Mkm upped their price objective on shares of DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Jefferies Financial Group upped 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. Finally, Bank of America upped their price objective on shares of DoorDash from $205.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th.

DoorDash Trading Down 0.7 %

Shares of DoorDash stock opened at $211.97 on Wednesday. The company has a fifty day moving average price of $180.80 and a 200 day moving average price of $159.55. The stock has a market cap of $88.05 billion, a price-to-earnings ratio of -471.04, a price-to-earnings-growth 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 $215.25.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $176.66, for a total value of $8,833,000.00. Following the completion of the transaction, the director now directly owns 16,176 shares in the company, valued at $2,857,652.16. This trade represents a 75.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Keith Yandell sold 5,509 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $176.24, for a total transaction of $970,906.16. Following the completion of the transaction, the insider now owns 118,712 shares of the company’s stock, valued at $20,921,802.88. This trade represents a 4.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 817,544 shares of company stock worth $143,328,536. 7.92% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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