Analysts Set DoorDash, Inc. (NASDAQ:DASH) PT at $208.88

Shares of DoorDash, Inc. (NASDAQ:DASH) have been given a consensus recommendation of “Moderate Buy” by the thirty-three research firms that are currently covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and twenty-three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $209.66.

A number of equities research analysts have recently weighed in on DASH shares. Barclays lifted their price objective on DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 13th. FBN Securities started coverage on shares of DoorDash in a research report on Friday, March 28th. They set an “outperform” rating and a $230.00 price objective on the stock. Wedbush raised their target price on shares of DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Truist Financial boosted their price target on shares of DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, Needham & Company LLC reiterated a “buy” rating on shares of DoorDash in a report on Monday, March 3rd.

DoorDash Trading Up 4.5 %

Shares of NASDAQ:DASH opened at $205.09 on Monday. The company has a market cap of $86.16 billion, a price-to-earnings ratio of 759.59 and a beta of 1.69. DoorDash has a 12 month low of $99.32 and a 12 month high of $215.25. The company has a 50-day moving average price of $185.50 and a 200-day moving average price of $179.38.

Insiders Place Their Bets

In related news, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the completion of the sale, the director now directly owns 18,285 shares in the company, valued at approximately $3,313,424.85. The trade was a 71.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andy Fang sold 1,398 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the completion of the transaction, the director now owns 14,778 shares in the company, valued at $3,006,584.10. The trade was a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,511 shares of company stock valued at $30,394,673. Insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pittenger & Anderson Inc. purchased a new stake in DoorDash in the 4th quarter worth approximately $29,000. Denver PWM LLC purchased a new stake in shares of DoorDash in the fourth quarter worth $30,000. Princeton Global Asset Management LLC bought a new stake in shares of DoorDash during the 4th quarter valued at $34,000. ORG Wealth Partners LLC bought a new stake in shares of DoorDash during the 4th quarter valued at $36,000. Finally, IFP Advisors Inc lifted its stake in shares of DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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.