DoorDash (NASDAQ:DASH) Price Target Raised to $155.00

DoorDash (NASDAQ:DASH) had its price target lifted by research analysts at JPMorgan Chase & Co. from $137.00 to $155.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 0.42% from the company’s previous close.

DASH has been the topic of several other research reports. Piper Sandler raised their price objective on DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday. Keefe, Bruyette & Woods upgraded shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 target price on the stock in a research note on Wednesday, September 25th. Jefferies Financial Group increased their price objective on shares of DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Morgan Stanley upped their target price on shares of DoorDash from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.12.

DoorDash Trading Down 0.7 %

DASH opened at $155.66 on Thursday. DoorDash has a 12-month low of $83.58 and a 12-month high of $165.07. The company has a market cap of $64.06 billion, a price-to-earnings ratio of -345.91, a PEG ratio of 331.02 and a beta of 1.70. The company’s 50 day moving average is $140.40 and its 200 day moving average is $124.21.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.46%. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the firm posted ($0.19) EPS. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, analysts predict that DoorDash will post 0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Shona L. Brown sold 5,005 shares of DoorDash stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,600.00. Following the completion of the sale, the director now owns 65,186 shares of the company’s stock, valued at approximately $7,822,320. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other DoorDash news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the transaction, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,710,274.87. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shona L. Brown sold 5,005 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,600.00. Following the completion of the sale, the director now owns 65,186 shares of the company’s stock, valued at approximately $7,822,320. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 383,710 shares of company stock worth $53,725,640 in the last three months. Corporate insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. lifted its stake 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 during the last quarter. Headlands Technologies LLC purchased a new stake in shares of DoorDash during the second quarter valued at about $32,000. Versant Capital Management Inc boosted its holdings in shares of DoorDash by 340.8% in 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 in the last quarter. ORG Partners LLC grew its position 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 buying an additional 253 shares during the last quarter. Finally, Quest Partners LLC grew its position in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after buying an additional 204 shares during the last quarter. Hedge funds and other 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.