DoorDash, Inc. (NASDAQ:DASH) Receives $256.11 Average PT from Analysts

Shares of DoorDash, Inc. (NASDAQ:DASHGet Free Report) have been given an average rating of “Moderate Buy” by the thirty-six brokerages that are covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $256.1111.

A number of analysts have commented on the company. TD Cowen started coverage on DoorDash in a research report on Monday, April 27th. They set a “buy” rating and a $225.00 target price on the stock. Citigroup restated a “market outperform” rating on shares of DoorDash in a research report on Monday, June 22nd. Argus set a $190.00 price target on DoorDash in a research note on Thursday, June 11th. Stifel Nicolaus cut their price target on DoorDash from $215.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Finally, Piper Sandler decreased their price objective on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th.

View Our Latest Analysis on DoorDash

Insider Activity at DoorDash

In other DoorDash news, Director Andy Fang sold 5,000 shares of DoorDash stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $180.00, for a total transaction of $900,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 582 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $177.06, for a total transaction of $103,048.92. Following the completion of the sale, the director directly owned 31,156 shares in the company, valued at $5,516,481.36. This trade represents a 1.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 42,707 shares of company stock valued at $7,113,039 in the last quarter. 5.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DoorDash

A number of large investors have recently bought and sold shares of DASH. MassMutual Private Wealth & Trust FSB boosted its position in DoorDash by 14.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 850 shares of the company’s stock worth $157,000 after acquiring an additional 105 shares during the last quarter. CX Institutional grew its stake in DoorDash by 1,012.5% in the 2nd quarter. CX Institutional now owns 1,958 shares of the company’s stock worth $361,000 after acquiring an additional 1,782 shares during the period. Empowered Funds LLC raised its holdings in DoorDash by 3.0% in the 1st quarter. Empowered Funds LLC now owns 48,765 shares of the company’s stock valued at $7,322,000 after acquiring an additional 1,403 shares during the last quarter. Militia Capital Management LLC acquired a new position in DoorDash in the 1st quarter valued at $348,000. Finally, Bank of America Corp DE raised its holdings in DoorDash by 18.4% in the 1st quarter. Bank of America Corp DE now owns 3,449,266 shares of the company’s stock valued at $517,907,000 after acquiring an additional 536,080 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

DASH stock opened at $192.01 on Friday. The firm has a 50 day moving average of $165.99 and a 200-day moving average of $180.55. DoorDash has a 12-month low of $143.30 and a 12-month high of $285.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The company has a market cap of $83.66 billion, a price-to-earnings ratio of 91.43 and a beta of 1.78.

DoorDash (NASDAQ:DASHGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company’s revenue was up 33.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. As a group, equities analysts expect that DoorDash will post 2.41 EPS for the current fiscal year.

DoorDash Company Profile

(Get Free Report)

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.

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Analyst Recommendations for DoorDash (NASDAQ:DASH)

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