DoorDash (NASDAQ:DASH) Given New $180.00 Price Target at Truist Financial

DoorDash (NASDAQ:DASH) had its target price boosted by research analysts at Truist Financial from $170.00 to $180.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 14.91% from the stock’s current price.

A number of other equities research analysts have also issued reports on DASH. Oppenheimer boosted their target price on DoorDash from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. BTIG Research raised DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Thursday, September 19th. Jefferies Financial Group upped their price target on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Benchmark upped their price target on DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Bank of America upped their price target on DoorDash from $168.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and an average price target of $158.12.

DoorDash Trading Up 0.9 %

Shares of DoorDash stock traded up $1.39 on Thursday, reaching $156.64. 5,540,588 shares of the company were exchanged, compared to its average volume of 3,831,769. The stock has a fifty day moving average price of $139.31 and a 200-day moving average price of $123.83. The firm has a market capitalization of $64.46 billion, a price-to-earnings ratio of -153.57, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70. DoorDash has a fifty-two week low of $72.65 and a fifty-two week high of $165.07.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping 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 5.91% and a negative net margin of 4.24%. DoorDash’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.19) earnings per share. On average, equities analysts anticipate that DoorDash will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the completion of the transaction, the director now owns 18,089 shares in the company, valued at $2,710,274.87. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the completion of the transaction, the director now owns 18,089 shares in the company, valued at $2,710,274.87. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shona L. Brown sold 5,005 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $120.00, for a total value of $600,600.00. Following the transaction, the director now owns 65,186 shares of the company’s stock, valued at $7,822,320. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 383,710 shares of company stock worth $53,725,640 in the last 90 days. 7.92% of the stock is owned by company insiders.

Hedge Funds Weigh In On DoorDash

Institutional investors have recently bought and sold shares of the business. Marshall Wace LLP raised its position in DoorDash by 930.5% in the 2nd quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock valued at $73,534,000 after purchasing an additional 610,388 shares during the last quarter. Forsta AP Fonden raised its position in DoorDash by 18.6% in the 3rd quarter. Forsta AP Fonden now owns 64,500 shares of the company’s stock valued at $9,206,000 after purchasing an additional 10,100 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in DoorDash in the 1st quarter valued at $2,969,000. CWM LLC raised its position in DoorDash by 97.1% in the 3rd quarter. CWM LLC now owns 10,705 shares of the company’s stock valued at $1,528,000 after purchasing an additional 5,273 shares during the last quarter. Finally, Paragon Capital Management Inc. bought a new position in DoorDash in the 2nd quarter valued at $1,309,000. Institutional investors 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.