DoorDash (NASDAQ:DASH) Price Target Raised to $204.00

DoorDash (NASDAQ:DASH) had its target price lifted by UBS Group from $200.00 to $204.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

DASH has been the subject of a number of other research reports. Mizuho boosted their price objective on shares of DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday. Oppenheimer boosted their price objective on shares of DoorDash from $180.00 to $235.00 and gave the company an “outperform” rating in a research report on Wednesday. Wells Fargo & Company lifted their target price on shares of DoorDash from $166.00 to $198.00 and gave the company an “equal weight” rating in a research note on Wednesday. The Goldman Sachs Group lifted their target price on shares of DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, DA Davidson lifted their target price on shares of DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $205.45.

DoorDash Price Performance

Shares of DASH stock opened at $213.38 on Wednesday. DoorDash has a 1 year low of $99.32 and a 1 year high of $214.64. The firm has a fifty day moving average price of $179.29 and a 200-day moving average price of $157.46. The company has a market cap of $88.64 billion, a price-to-earnings ratio of -474.18, a PEG ratio of 2.04 and a beta of 1.72.

Insider Activity at DoorDash

In related news, COO Prabir Adarkar sold 20,000 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $168.53, for a total transaction of $3,370,600.00. Following the transaction, the chief operating officer now directly owns 925,222 shares in the company, valued at approximately $155,927,663.66. This represents a 2.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the transaction, the director now owns 18,089 shares in the company, valued at $3,123,427.63. The trade was a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 932,426 shares of company stock worth $162,990,678. Insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Several hedge funds have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its stake in DoorDash by 10.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 112,181 shares of the company’s stock worth $16,012,000 after acquiring an additional 10,755 shares in the last quarter. Swedbank AB grew its stake in DoorDash by 3.3% in the 4th quarter. Swedbank AB now owns 171,055 shares of the company’s stock worth $28,694,000 after acquiring an additional 5,539 shares in the last quarter. Forsta AP Fonden grew its stake in DoorDash by 18.6% in the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock worth $9,206,000 after acquiring an additional 10,100 shares in the last quarter. Sanctuary Advisors LLC grew its stake in DoorDash by 48.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock worth $1,522,000 after acquiring an additional 3,498 shares in the last quarter. Finally, Baillie Gifford & Co. grew its stake in DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after acquiring an additional 1,645,186 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.