DoorDash (NASDAQ:DASH) Upgraded at BTIG Research

BTIG Research upgraded shares of DoorDash (NASDAQ:DASH) from a neutral rating to a buy rating in a research report report published on Thursday, Marketbeat.com reports. They currently have $155.00 target price on the stock.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets raised their target price on shares of DoorDash from $127.00 to $140.00 and gave the company an outperform rating in a research note on Friday, August 2nd. JMP Securities boosted their target price on DoorDash from $140.00 to $145.00 and gave the stock a market outperform rating in a report on Friday, August 2nd. Argus initiated coverage on DoorDash in a research note on Tuesday, July 23rd. They set a hold rating for the company. Wells Fargo & Company boosted their price objective on DoorDash from $125.00 to $127.00 and gave the stock an equal weight rating in a research note on Friday, August 2nd. Finally, Redburn Atlantic began coverage on DoorDash in a report on Friday, July 26th. They issued a buy rating and a $170.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DoorDash currently has a consensus rating of Moderate Buy and an average target price of $143.00.

DoorDash Trading Up 1.8 %

Shares of NASDAQ:DASH opened at $139.72 on Thursday. The firm’s 50 day moving average is $121.37 and its two-hundred day moving average is $121.44. The firm has a market capitalization of $57.13 billion, a P/E ratio of -129.37, a PEG ratio of 275.59 and a beta of 1.69. DoorDash has a 52 week low of $69.90 and a 52 week high of $143.34.

DoorDash (NASDAQ:DASH) last announced its earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the firm earned ($0.44) EPS. The firm’s revenue was up 23.3% on a year-over-year basis. Analysts predict that DoorDash will post 0.01 EPS for the current year.

Insider Buying and Selling at DoorDash

In other news, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the sale, the director now directly owns 18,089 shares of the company’s stock, valued at $2,355,187.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the transaction, the director now directly owns 18,089 shares in the company, valued at approximately $2,355,187.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Tony Xu sold 54,166 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $107.75, for a total value of $5,836,386.50. The disclosure for this sale can be found here. Insiders have sold a total of 304,769 shares of company stock valued at $34,760,113 in the last 90 days. 7.92% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DoorDash

Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in DoorDash by 102.5% in the fourth quarter. Wells Fargo & Company MN now owns 199,152 shares of the company’s stock valued at $19,694,000 after acquiring an additional 100,787 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of DoorDash during the 1st quarter valued at $2,969,000. Bank of Nova Scotia lifted its stake in shares of DoorDash by 298.3% in the 4th quarter. Bank of Nova Scotia now owns 186,201 shares of the company’s stock valued at $18,413,000 after purchasing an additional 139,450 shares during the last quarter. Franklin Resources Inc. boosted its holdings in DoorDash by 294.5% in the fourth quarter. Franklin Resources Inc. now owns 1,607,776 shares of the company’s stock worth $158,993,000 after purchasing an additional 1,200,181 shares in the last quarter. Finally, D L Carlson Investment Group Inc. bought a new stake in DoorDash in the fourth quarter worth $2,421,000. 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.