DoorDash (NASDAQ:DASH) Price Target Raised to $155.00 at JPMorgan Chase & Co.

DoorDash (NASDAQ:DASH) had its price target hoisted by JPMorgan Chase & Co. from $137.00 to $155.00 in a research note published on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

DASH has been the subject of several other reports. Raymond James initiated coverage on DoorDash in a report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 target price for the company. Keefe, Bruyette & Woods raised DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective for the company in a research report on Wednesday, September 25th. Cantor Fitzgerald restated an “overweight” rating and set a $160.00 price target on shares of DoorDash in a research note on Monday, October 7th. Wells Fargo & Company raised their price objective on DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 4th. Finally, Argus assumed coverage on shares of DoorDash in a report on Tuesday, July 23rd. They set a “hold” rating for the company. Ten investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $160.73.

DoorDash Stock Down 0.2 %

Shares of NASDAQ:DASH traded down $0.27 on Thursday, reaching $156.43. 1,042,214 shares of the company’s stock were exchanged, compared to its average volume of 3,829,445. The business’s 50-day moving average is $139.86 and its two-hundred day moving average is $124.05. DoorDash has a fifty-two week low of $83.58 and a fifty-two week high of $165.07. The firm has a market capitalization of $64.38 billion, a price-to-earnings ratio of -341.93, a PEG ratio of 331.02 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.46% and a negative net margin of 1.69%. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period last year, the company earned ($0.19) earnings per share. Analysts predict that DoorDash will post 0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Prabir Adarkar sold 32,124 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the sale, the chief operating officer now owns 963,094 shares in the company, valued at $142,528,281.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Tony Xu sold 81,249 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total transaction of $12,014,289.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Prabir Adarkar sold 32,124 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the completion of the sale, the chief operating officer now owns 963,094 shares of the company’s stock, valued at $142,528,281.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 383,710 shares of company stock valued at $53,725,640. 7.92% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DoorDash

Several institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. increased its stake in DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of DoorDash in the second quarter valued at approximately $32,000. Versant Capital Management Inc boosted its holdings in DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 259 shares during the last quarter. ORG Partners LLC lifted its position in shares of DoorDash by 2,108.3% during the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after buying an additional 253 shares in the last quarter. Finally, Quest Partners LLC increased its position in shares of DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds 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.