DoorDash (NASDAQ:DASH) Price Target Raised to $190.00

DoorDash (NASDAQ:DASH) had its target price boosted by DA Davidson from $150.00 to $190.00 in a research note issued to investors on Tuesday morning, Marketbeat reports. DA Davidson currently has a neutral rating on the stock.

Other analysts also recently issued research reports about the company. The Goldman Sachs Group upped their price target on DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Wells Fargo & Company raised their price target on DoorDash from $198.00 to $201.00 and gave the company an “equal weight” rating in a report on Thursday, April 3rd. Barclays upped their price target on shares of DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 13th. Piper Sandler restated a “neutral” rating and set a $210.00 price objective (up from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of DoorDash in a report on Tuesday, April 29th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $209.97.

DoorDash Price Performance

DASH stock opened at $183.36 on Tuesday. DoorDash has a 1 year low of $99.32 and a 1 year high of $215.25. The firm has a 50-day moving average of $184.81 and a 200 day moving average of $180.42. The company has a market cap of $77.03 billion, a P/E ratio of 679.10 and a beta of 1.68.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. DoorDash’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the company posted ($0.06) EPS. On average, equities research analysts expect that DoorDash will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Ravi Inukonda sold 15,198 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the sale, the chief financial officer now owns 351,970 shares in the company, valued at $71,840,596.70. This trade represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stanley Tang sold 45,410 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total transaction of $8,228,746.10. Following the completion of the transaction, the director now directly owns 18,285 shares in the company, valued at $3,313,424.85. This trade represents a 71.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,573 shares of company stock valued at $30,407,073. Company insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC increased its holdings in shares of DoorDash by 19.9% in the third quarter. Tidal Investments LLC now owns 12,321 shares of the company’s stock worth $1,759,000 after purchasing an additional 2,049 shares during the last quarter. Principal Financial Group Inc. increased its stake in DoorDash by 25.0% in the 3rd quarter. Principal Financial Group Inc. now owns 90,786 shares of the company’s stock worth $12,958,000 after acquiring an additional 18,155 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of DoorDash by 19.9% during the 4th quarter. GAMMA Investing LLC now owns 1,128 shares of the company’s stock worth $189,000 after acquiring an additional 187 shares in the last quarter. Diversified Trust Co boosted its position in shares of DoorDash by 34.0% during the 4th quarter. Diversified Trust Co now owns 11,749 shares of the company’s stock valued at $1,971,000 after acquiring an additional 2,978 shares during the last quarter. Finally, Fulton Bank N.A. grew its holdings in shares of DoorDash by 6.3% in the fourth quarter. Fulton Bank N.A. now owns 3,197 shares of the company’s stock valued at $536,000 after purchasing an additional 190 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

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.