DoorDash (NASDAQ:DASH) Price Target Raised to $200.00

DoorDash (NASDAQ:DASH) had its price objective boosted by Evercore ISI from $155.00 to $200.00 in a research report report published on Thursday, Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts have also issued reports on the stock. Needham & Company LLC boosted their target price on shares of DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday. Truist Financial raised their target price on DoorDash from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Argus began coverage on DoorDash in a report on Tuesday, July 23rd. They set a “hold” rating for the company. Finally, Roth Mkm raised their price objective on DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $160.73.

DoorDash Stock Performance

Shares of NASDAQ DASH traded down $0.27 during midday trading on Thursday, hitting $156.43. 1,042,214 shares of the stock traded hands, compared to its average volume of 3,829,445. DoorDash has a one year low of $83.58 and a one year high of $165.07. The firm has a market capitalization of $64.38 billion, a P/E ratio of -341.93, a PEG ratio of 331.02 and a beta of 1.70. The firm has a 50-day moving average of $139.86 and a two-hundred day moving average of $124.05.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.46% and a negative net margin of 1.69%. DoorDash’s revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.19) earnings per share. Equities analysts forecast that DoorDash will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 81,249 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63. The sale was disclosed in a filing with the SEC, which is available through this link. In other DoorDash news, Director Shona L. Brown sold 5,005 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $120.00, for a total transaction of $600,600.00. Following the sale, the director now owns 65,186 shares of the company’s stock, valued at approximately $7,822,320. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 81,249 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total transaction of $12,014,289.63. The disclosure for this sale can be found here. Insiders have sold 383,710 shares of company stock valued at $53,725,640 in the last 90 days. Company insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC increased its stake in DoorDash by 0.8% during the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock valued at $1,122,000 after purchasing an additional 82 shares in the last quarter. Everhart Financial Group Inc. lifted its holdings in shares of DoorDash by 3.1% in the 2nd quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock valued at $355,000 after buying an additional 99 shares during the period. E Fund Management Co. Ltd. boosted its position in DoorDash by 3.5% in the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock worth $355,000 after purchasing an additional 111 shares in the last quarter. SJS Investment Consulting Inc. grew its position in DoorDash by 21.0% during the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock valued at $73,000 after buying an additional 117 shares during the period. Finally, Meeder Advisory Services Inc. increased its stake in shares of DoorDash by 4.4% in the 1st quarter. Meeder Advisory Services Inc. now owns 3,006 shares of the company’s stock valued at $414,000 after purchasing an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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.