DoorDash (NASDAQ:DASH) Given New $220.00 Price Target at Benchmark

DoorDash (NASDAQ:DASH) had its target price boosted by Benchmark from $180.00 to $220.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

DASH has been the topic of several other reports. BMO Capital Markets upped their price target on shares of DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Citigroup upped their price target on shares of DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Mizuho increased their price objective on shares of DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Loop Capital increased their price objective on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Bank of America increased their price objective on shares of DoorDash from $172.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and a consensus target price of $205.45.

DoorDash Trading Up 2.4 %

NASDAQ DASH opened at $205.64 on Tuesday. The firm’s fifty day moving average price is $178.59 and its two-hundred day moving average price is $156.71. DoorDash has a 1 year low of $99.32 and a 1 year high of $206.00. The firm has a market capitalization of $85.42 billion, a P/E ratio of -456.98, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72.

Insiders Place Their Bets

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the sale, the chief operating officer now directly owns 925,222 shares in the company, valued at $167,307,894.26. This represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the sale, the chief financial officer now owns 366,993 shares in the company, valued at $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 932,426 shares of company stock worth $162,990,678 over the last ninety days. Corporate insiders own 7.92% of the company’s stock.

Institutional Investors Weigh In On DoorDash

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of DoorDash by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock valued at $5,254,501,000 after purchasing an additional 317,502 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. State Street Corp boosted its stake in shares of DoorDash by 3.8% in the 3rd quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after purchasing an additional 272,659 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of DoorDash by 14.5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after purchasing an additional 700,465 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of DoorDash by 25.0% in the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock valued at $796,781,000 after purchasing an additional 949,414 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.