Analysts Set DoorDash, Inc. (NASDAQ:DASH) PT at $175.97

Shares of DoorDash, Inc. (NASDAQ:DASH) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-four research firms that are currently covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $176.97.

A number of equities research analysts have commented on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $160.00 price objective on shares of DoorDash in a research note on Monday, October 7th. Wells Fargo & Company boosted their price target on shares of DoorDash from $150.00 to $166.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Loop Capital raised their price objective on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Benchmark boosted their target price on shares of DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, Bank of America lifted their price target on DoorDash from $172.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday.

DoorDash Stock Up 0.1 %

DoorDash stock opened at $183.32 on Friday. The company has a market capitalization of $76.15 billion, a PE ratio of -407.38, a PEG ratio of 1.85 and a beta of 1.71. DoorDash has a 12-month low of $99.32 and a 12-month high of $184.26. The firm’s fifty day moving average is $174.13 and its 200 day moving average is $148.18.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the prior year, the firm earned ($0.19) EPS. The business’s revenue was up 25.0% on a year-over-year basis. Sell-side analysts expect that DoorDash will post 0.29 EPS for the current fiscal year.

Insider Transactions at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the completion of the sale, the director now owns 16,176 shares of the company’s stock, valued at $2,722,744.32. The trade was a 75.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tony Xu sold 108,332 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $170.35, for a total transaction of $18,454,356.20. Following the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $255,525. This represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,019,333 shares of company stock valued at $177,556,541 over the last three months. Company insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Several institutional investors and hedge funds have recently added to or reduced their stakes in DASH. Commonwealth Equity Services LLC grew its holdings in shares of DoorDash by 34.5% during the second quarter. Commonwealth Equity Services LLC now owns 6,275 shares of the company’s stock valued at $683,000 after buying an additional 1,611 shares during the last quarter. Quest Partners LLC increased its stake in DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after buying an additional 204 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of DoorDash by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 79,476 shares of the company’s stock valued at $8,645,000 after buying an additional 1,828 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in DoorDash by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 919,633 shares of the company’s stock valued at $100,051,000 after buying an additional 36,551 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in DoorDash by 0.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 84,638 shares of the company’s stock valued at $9,197,000 after purchasing an additional 394 shares during the last quarter. 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.