DoorDash (NASDAQ:DASH) Price Target Raised to $124.00 at Roth Mkm

DoorDash (NASDAQ:DASH) had its target price upped by Roth Mkm from $118.00 to $124.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Roth Mkm’s price objective indicates a potential upside of 4.29% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Morgan Stanley boosted their target price on shares of DoorDash from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday. Redburn Atlantic assumed coverage on shares of DoorDash in a report on Friday, July 26th. They set a “buy” rating and a $170.00 price objective on the stock. BMO Capital Markets boosted their price objective on DoorDash from $127.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday. Wells Fargo & Company raised their target price on DoorDash from $125.00 to $127.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Royal Bank of Canada lowered their price objective on shares of DoorDash from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $142.81.

DoorDash Stock Up 1.4 %

Shares of NASDAQ DASH traded up $1.67 during midday trading on Monday, reaching $118.90. 4,823,502 shares of the company were exchanged, compared to its average volume of 4,065,122. The stock’s 50-day moving average price is $109.35 and its 200-day moving average price is $118.46. The stock has a market cap of $48.62 billion, a P/E ratio of -110.39, a PEG ratio of 40.25 and a beta of 1.67. DoorDash has a one year low of $69.90 and a one year high of $143.34.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 6.00%. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.44) earnings per share. On average, equities research analysts anticipate that DoorDash will post 0.07 EPS for the current year.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 131,590 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $111.61, for a total transaction of $14,686,759.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Tony Xu sold 131,590 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $111.61, for a total transaction of $14,686,759.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $105.57, for a total value of $5,278,500.00. Following the sale, the director now owns 19,982 shares of the company’s stock, valued at approximately $2,109,499.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 459,016 shares of company stock worth $50,325,396. 7.92% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Spire Wealth Management purchased a new position in shares of DoorDash during the 1st quarter valued at $25,000. Venturi Wealth Management LLC boosted its position in shares of DoorDash by 54.5% during the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after acquiring an additional 90 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 253 shares during the period. Hollencrest Capital Management bought a new position in shares of DoorDash during the 1st quarter valued at approximately $42,000. Finally, Versant Capital Management Inc raised its holdings in DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after buying an additional 259 shares during the period. 90.64% of the stock is currently owned by institutional investors.

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.