DoorDash (NASDAQ:DASH) Price Target Raised to $198.00

DoorDash (NASDAQ:DASH) had its price target raised by Wells Fargo & Company from $166.00 to $198.00 in a research report report published on Wednesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other brokerages have also recently commented on DASH. Bank of America raised their target price on DoorDash from $172.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. DA Davidson raised their price target on DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Citigroup raised their price target on DoorDash from $211.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group raised their price target on DoorDash from $161.00 to $192.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Finally, Cantor Fitzgerald raised their price target on DoorDash from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $205.45.

DoorDash Stock Performance

Shares of DoorDash stock opened at $213.38 on Wednesday. DoorDash has a one year low of $99.32 and a one year high of $214.64. The stock’s fifty day moving average is $179.29 and its 200 day moving average is $157.46. The stock has a market cap of $88.64 billion, a P/E ratio of -474.18, a P/E/G ratio of 2.04 and a beta of 1.72.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the completion of the transaction, the director now owns 16,176 shares in the company, valued at $2,722,744.32. The trade was a 75.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Keith Yandell sold 7,980 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40. Following the transaction, the insider now owns 124,221 shares of the company’s stock, valued at $21,115,085.58. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 932,426 shares of company stock worth $162,990,678 over the last 90 days. Company insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently modified their holdings of the stock. GeoWealth Management LLC raised its stake in shares of DoorDash by 3.7% during the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock valued at $240,000 after acquiring an additional 51 shares in the last quarter. IFP Advisors Inc raised its stake in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after acquiring an additional 54 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of DoorDash by 34.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after acquiring an additional 69 shares in the last quarter. Avestar Capital LLC raised its stake in shares of DoorDash by 1.1% during the fourth quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after acquiring an additional 75 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of DoorDash by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after acquiring an additional 84 shares in the last quarter. 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.