DoorDash (NASDAQ:DASH) Price Target Cut to $127.00 by Analysts at BMO Capital Markets

DoorDash (NASDAQ:DASH) had its price target cut by BMO Capital Markets from $138.00 to $127.00 in a research report report published on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently weighed in on the stock. Benchmark cut their price objective on shares of DoorDash from $165.00 to $150.00 and set a buy rating for the company in a report on Thursday. Susquehanna upped their price target on shares of DoorDash from $110.00 to $135.00 and gave the stock a positive rating in a research report on Tuesday, February 20th. Moffett Nathanson upgraded shares of DoorDash from a neutral rating to a buy rating and upped their price target for the stock from $118.00 to $164.00 in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of DoorDash from $140.00 to $155.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada reduced their price target on shares of DoorDash from $175.00 to $165.00 and set an outperform rating for the company in a research report on Thursday. Nine investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, DoorDash presently has an average rating of Moderate Buy and a consensus price target of $129.96.

DoorDash Trading Down 0.4 %

DASH traded down $0.50 on Thursday, reaching $113.81. The stock had a trading volume of 6,210,790 shares, compared to its average volume of 4,293,060. DoorDash has a 12-month low of $60.36 and a 12-month high of $143.34. The business’s 50-day moving average price is $131.86 and its two-hundred day moving average price is $110.13. The company has a market cap of $45.98 billion, a P/E ratio of -105.38, a price-to-earnings-growth ratio of 13.13 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the previous year, the company earned ($0.41) earnings per share. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. As a group, analysts predict that DoorDash will post 0.21 earnings per share for the current year.

Insider Activity

In other news, CEO Tony Xu sold 132,300 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total value of $17,458,308.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Shona L. Brown sold 700 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $109.71, for a total transaction of $76,797.00. Following the completion of the transaction, the director now owns 71,514 shares of the company’s stock, valued at approximately $7,845,800.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 132,300 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total transaction of $17,458,308.00. The disclosure for this sale can be found here. Insiders sold a total of 487,782 shares of company stock valued at $64,046,807 in the last 90 days. Company insiders own 9.59% of the company’s stock.

Hedge Funds Weigh In On DoorDash

A number of hedge funds have recently made changes to their positions in DASH. Venturi Wealth Management LLC boosted its position in DoorDash by 54.5% in the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock valued at $35,000 after buying an additional 90 shares during the period. SJS Investment Consulting Inc. boosted its position in DoorDash by 26.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after buying an additional 98 shares during the period. Westside Investment Management Inc. boosted its position in DoorDash by 18.2% in the 4th quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock valued at $64,000 after buying an additional 100 shares during the period. Hillsdale Investment Management Inc. boosted its position in DoorDash by 1.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock valued at $647,000 after buying an additional 100 shares during the period. Finally, Summit Trail Advisors LLC boosted its position in DoorDash by 0.3% in the 1st quarter. Summit Trail Advisors LLC now owns 36,925 shares of the company’s stock valued at $5,085,000 after buying an additional 106 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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.