UBS Group Increases DoorDash (NASDAQ:DASH) Price Target to $143.00

DoorDash (NASDAQ:DASH) had its price target upped by UBS Group from $125.00 to $143.00 in a report released on Friday, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other analysts have also recently commented on DASH. BMO Capital Markets raised their target price on shares of DoorDash from $127.00 to $140.00 and gave the stock an outperform rating in a research note on Friday. Moffett Nathanson raised shares of DoorDash from a neutral rating to a buy rating and increased their target price for the company from $118.00 to $164.00 in a report on Thursday, April 11th. JMP Securities increased their price target on shares of DoorDash from $140.00 to $145.00 and gave the company a market outperform rating in a research report on Friday. Needham & Company LLC increased their price target on shares of DoorDash from $137.00 to $145.00 and gave the company a buy rating in a research report on Friday. Finally, Piper Sandler reiterated a neutral rating and issued a $125.00 price target (up from $115.00) on shares of DoorDash in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $142.38.

DoorDash Price Performance

NASDAQ DASH opened at $117.23 on Friday. DoorDash has a 1 year low of $69.90 and a 1 year high of $143.34. The company has a market capitalization of $47.94 billion, a PE ratio of -108.55, a P/E/G ratio of 40.25 and a beta of 1.67. The company has a fifty day moving average of $109.35 and a two-hundred day moving average of $118.25.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.28). DoorDash had a negative net margin of 4.24% and a negative return on equity of 6.00%. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the company earned ($0.44) EPS. The business’s revenue was up 23.3% on a year-over-year basis. On average, research analysts expect that DoorDash will post 0.07 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Tony Xu sold 131,590 shares of DoorDash stock in a transaction on Monday, June 10th. The shares were sold at an average price of $111.61, for a total transaction of $14,686,759.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, General Counsel Tia Sherringham sold 11,740 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $110.46, for a total value of $1,296,800.40. Following the completion of the sale, the general counsel now owns 183,512 shares of the company’s stock, valued at approximately $20,270,735.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tony Xu sold 131,590 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $111.61, for a total transaction of $14,686,759.90. The disclosure for this sale can be found here. Insiders have sold 459,016 shares of company stock valued at $50,325,396 in the last quarter. Company insiders own 7.92% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Several hedge funds and other institutional investors have recently modified their holdings of DASH. Spire Wealth Management acquired a new position in shares of DoorDash in the 1st quarter valued at about $25,000. Venturi Wealth Management LLC boosted its holdings in shares of DoorDash by 54.5% in the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock valued at $35,000 after buying an additional 90 shares during the period. Versant Capital Management Inc boosted its holdings in shares of DoorDash by 340.8% in the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after buying an additional 259 shares during the period. ORG Partners LLC boosted its holdings in shares of DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after buying an additional 253 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in shares of DoorDash by 141.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 352 shares of the company’s stock valued at $38,000 after buying an additional 206 shares during the period. 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.