DoorDash (NASDAQ:DASH) Price Target Raised to $225.00 at KeyCorp

DoorDash (NASDAQ:DASH) had its price target upped by KeyCorp from $180.00 to $225.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also recently commented on DASH. Barclays upped their price objective on shares of DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Loop Capital lifted their price objective on DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Raymond James assumed coverage on shares of DoorDash in a report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 target price on the stock. Finally, Mizuho upped their price target on shares of DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.79.

DoorDash Trading Up 2.2 %

NASDAQ DASH opened at $173.72 on Thursday. DoorDash has a 12 month low of $97.02 and a 12 month high of $181.78. The stock has a 50-day simple moving average of $172.80 and a 200 day simple moving average of $143.21. The company has a market capitalization of $72.16 billion, a PE ratio of -386.04, a P/E/G ratio of 13.56 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last announced 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. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period in the prior year, the business posted ($0.19) EPS. DoorDash’s revenue was up 25.0% on a year-over-year basis. As a group, sell-side analysts predict that DoorDash will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at DoorDash

In related news, CEO Tony Xu sold 81,249 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stanley Tang sold 50,000 shares of DoorDash stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $170.34, for a total transaction of $8,517,000.00. Following the completion of the sale, the director now owns 35,413 shares of the company’s stock, valued at $6,032,250.42. This trade represents a 58.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,032,694 shares of company stock worth $175,964,786. 7.92% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DASH. Rakuten Securities Inc. grew its position in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after purchasing an additional 132 shares in the last quarter. Headlands Technologies LLC bought a new stake in DoorDash during the second quarter worth about $32,000. Quest Partners LLC increased its holdings in DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after buying an additional 204 shares during the period. Finally, Hollencrest Capital Management acquired a new position in shares of DoorDash in the 3rd quarter valued at approximately $54,000. 90.64% of the stock is owned by institutional investors.

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.