DoorDash, Inc. (NASDAQ:DASH) Receives $252.89 Average Price Target from Analysts

DoorDash, Inc. (NASDAQ:DASH) has been assigned an average rating of “Moderate Buy” from the thirty-five research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, twenty-four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $252.8889.

A number of research analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $265.00 price target on shares of DoorDash in a research note on Thursday, May 7th. Citigroup reiterated a “market outperform” rating on shares of DoorDash in a research note on Monday, June 22nd. Weiss Ratings raised DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Wedbush began coverage on shares of DoorDash in a research note on Thursday, July 16th. They issued a “neutral” rating and a $205.00 target price for the company. Finally, Zacks Research lowered shares of DoorDash from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th.

Insider Buying and Selling

In other news, Director Andy Fang sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $180.00, for a total value of $900,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,095 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $188.04, for a total transaction of $3,590,623.80. Following the completion of the sale, the chief financial officer owned 252,443 shares of the company’s stock, valued at $47,469,381.72. This trade represents a 7.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 74,927 shares of company stock worth $13,241,532. Corporate insiders own 5.83% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Institutional investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC lifted its position in shares of DoorDash by 6.5% in the fourth quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock valued at $222,000 after buying an additional 60 shares during the last quarter. Vise Technologies Inc. boosted its stake in shares of DoorDash by 1.8% during the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock worth $796,000 after acquiring an additional 63 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of DoorDash by 7.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 982 shares of the company’s stock worth $222,000 after acquiring an additional 64 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after acquiring an additional 67 shares during the last quarter. Finally, AXS Investments LLC raised its stake in DoorDash by 1.3% in the 4th quarter. AXS Investments LLC now owns 5,438 shares of the company’s stock valued at $1,232,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Performance

DoorDash stock opened at $172.91 on Wednesday. The firm has a 50-day moving average of $172.22 and a 200-day moving average of $175.68. DoorDash has a one year low of $143.30 and a one year high of $285.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $75.34 billion, a price-to-earnings ratio of 82.34 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.DoorDash’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. On average, equities analysts expect that DoorDash will post 2.39 earnings per share for the current fiscal year.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.