DoorDash, Inc. (NASDAQ:DASH) Receives $175.97 Consensus Target Price from Brokerages

DoorDash, Inc. (NASDAQ:DASH) has been assigned a consensus rating of “Moderate Buy” from the thirty-four ratings firms that are presently covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and twenty-five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $175.97.

Several equities analysts recently weighed in on DASH shares. Benchmark raised their target price on shares of DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Loop Capital raised their target price on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. DA Davidson raised 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. The Goldman Sachs Group raised their target price on shares of DoorDash from $161.00 to $192.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Finally, BMO Capital Markets raised their target price on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st.

Insider Activity at DoorDash

In other news, Director Stanley Tang sold 1,855 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $315,312.90. Following the completion of the sale, the director now owns 35,413 shares in the company, valued at approximately $6,019,501.74. The trade was a 4.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Keith Yandell sold 7,980 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the completion of the sale, the insider now owns 124,221 shares of the company’s stock, valued at approximately $21,115,085.58. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,019,333 shares of company stock worth $177,556,541 in the last 90 days. 7.92% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DoorDash

Several large investors have recently modified their holdings of the business. Pacer Advisors Inc. raised its holdings in shares of DoorDash by 3.4% in the 4th quarter. Pacer Advisors Inc. now owns 19,814 shares of the company’s stock valued at $3,324,000 after purchasing an additional 651 shares in the last quarter. KBC Group NV grew its position in shares of DoorDash by 23.0% in the 4th quarter. KBC Group NV now owns 50,492 shares of the company’s stock worth $8,470,000 after buying an additional 9,454 shares during the last quarter. Blue Trust Inc. grew its position in shares of DoorDash by 37.0% in the 4th quarter. Blue Trust Inc. now owns 3,250 shares of the company’s stock worth $545,000 after buying an additional 877 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of DoorDash in the 4th quarter worth approximately $240,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of DoorDash in the 4th quarter worth approximately $69,000. Institutional investors own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of DASH stock opened at $177.68 on Friday. The company has a market capitalization of $73.81 billion, a price-to-earnings ratio of -394.84, a PEG ratio of 1.80 and a beta of 1.71. DoorDash has a one year low of $99.32 and a one year high of $181.78. The company’s fifty day moving average price is $173.66 and its 200-day moving average price is $147.42.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company’s revenue was up 25.0% on a year-over-year basis. During the same period last year, the firm earned ($0.19) EPS. Equities research analysts expect that DoorDash will post 0.27 earnings per share for the current fiscal year.

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.