DoorDash (NASDAQ:DASH) Given New $163.00 Price Target at Barclays

DoorDash (NASDAQ:DASH) had its target price hoisted by Barclays from $120.00 to $163.00 in a research report report published on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts have also recently issued reports about the stock. Mizuho lifted their price target on shares of DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada lifted their price target on shares of DoorDash from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday. KeyCorp lifted their price target on shares of DoorDash from $177.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods raised shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price target on the stock in a research report on Wednesday, September 25th. Finally, Needham & Company LLC lifted their price target on shares of DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $163.12.

DoorDash Stock Performance

DASH traded down $1.04 during trading on Friday, reaching $155.66. 4,092,814 shares of the company’s stock were exchanged, compared to its average volume of 3,844,751. The company’s fifty day moving average price is $140.40 and its 200-day moving average price is $124.21. 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 $64.06 billion, a PE ratio of -345.91, a P/E/G ratio of 331.02 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, October 30th. The company reported $0.38 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 2.46%. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the previous year, the business earned ($0.19) EPS. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. Research analysts forecast that DoorDash will post 0.01 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Shona L. Brown sold 5,005 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $120.00, for a total value of $600,600.00. Following the sale, the director now directly owns 65,186 shares of the company’s stock, valued at approximately $7,822,320. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Shona L. Brown sold 5,005 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $120.00, for a total value of $600,600.00. Following the sale, the director now directly owns 65,186 shares of the company’s stock, valued at approximately $7,822,320. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony Xu sold 54,166 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $123.43, for a total transaction of $6,685,709.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 383,710 shares of company stock valued at $53,725,640. 7.92% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. ORG Partners LLC raised its holdings in 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 acquiring an additional 253 shares during the period. Headlands Technologies LLC bought a new position in shares of DoorDash during the second quarter worth approximately $32,000. Meeder Asset Management Inc. increased its holdings in shares of DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after purchasing an additional 132 shares during the period. Hollencrest Capital Management bought a new position in shares of DoorDash during the first quarter worth approximately $42,000. Finally, Versant Capital Management Inc increased its holdings in shares of DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 259 shares during the period. 90.64% of the stock is owned by institutional investors.

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.