DoorDash (NASDAQ:DASH) Price Target Raised to $142.00

DoorDash (NASDAQ:DASH) had its price objective upped by Wells Fargo & Company from $127.00 to $142.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities research analysts also recently commented on DASH. Morgan Stanley lifted their price objective on DoorDash from $145.00 to $150.00 and gave the company an overweight rating in a research report on Friday, August 2nd. Needham & Company LLC boosted their price objective on DoorDash from $137.00 to $145.00 and gave the stock a buy rating in a research note on Friday, August 2nd. KeyCorp upgraded DoorDash from a sector weight rating to an overweight rating and set a $177.00 target price for the company in a research note on Wednesday, September 25th. Susquehanna lifted their price objective on shares of DoorDash from $135.00 to $140.00 and gave the company a positive rating in a research note on Monday, August 5th. Finally, Oppenheimer boosted their price objective on shares of DoorDash from $145.00 to $160.00 and gave the stock an outperform rating in a report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, DoorDash has an average rating of Moderate Buy and a consensus target price of $146.91.

DoorDash Trading Up 1.9 %

DASH stock opened at $144.86 on Friday. The company’s 50-day moving average price is $129.04 and its 200 day moving average price is $122.30. The company has a market cap of $59.24 billion, a P/E ratio of -134.13, a P/E/G ratio of 295.70 and a beta of 1.70. DoorDash has a 52 week low of $69.90 and a 52 week high of $146.36.

DoorDash (NASDAQ:DASH) last posted its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter last year, the business posted ($0.44) earnings per share. The business’s revenue was up 23.3% compared to the same quarter last year. On average, equities research analysts expect that DoorDash will post 0.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $140.06, for a total transaction of $7,586,489.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Tony Xu sold 54,166 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $140.06, for a total value of $7,586,489.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $105.57, for a total transaction of $5,278,500.00. Following the completion of the sale, the director now directly owns 19,982 shares of the company’s stock, valued at $2,109,499.74. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 281,503 shares of company stock worth $33,988,063. Insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC grew its stake in DoorDash by 11,416.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after acquiring an additional 3,425,115 shares in the last quarter. Vanguard Group Inc. grew its position in DoorDash by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock valued at $2,897,823,000 after purchasing an additional 2,259,976 shares in the last quarter. Dragoneer Investment Group LLC increased its stake in DoorDash by 77.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after buying an additional 1,246,567 shares during the period. Canada Pension Plan Investment Board lifted its position in DoorDash by 595.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 891,879 shares of the company’s stock worth $122,830,000 after buying an additional 763,579 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in shares of DoorDash by 3,284.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company’s stock valued at $79,385,000 after buying an additional 708,218 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

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.