DoorDash (NASDAQ:DASH) PT Lowered to $140.00 at JMP Securities

DoorDash (NASDAQ:DASH) had its price target trimmed by JMP Securities from $160.00 to $140.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Several other brokerages also recently commented on DASH. Morgan Stanley raised shares of DoorDash from an equal weight rating to an overweight rating and raised their price objective for the stock from $135.00 to $145.00 in a research report on Thursday, February 22nd. Truist Financial decreased their price target on shares of DoorDash from $155.00 to $145.00 and set a buy rating for the company in a research note on Thursday. Wells Fargo & Company increased their price objective on shares of DoorDash from $100.00 to $125.00 and gave the stock an equal weight rating in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft boosted their target price on DoorDash from $140.00 to $155.00 and gave the company a buy rating in a research report on Tuesday, April 16th. Finally, UBS Group dropped their price target on DoorDash from $123.00 to $118.00 and set a neutral rating on the stock in a research note on Friday, February 16th. Nine equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $129.96.

DoorDash Stock Down 0.4 %

DASH traded down $0.50 during trading on Thursday, reaching $113.81. 5,895,826 shares of the stock traded hands, compared to its average volume of 3,905,451. The stock’s 50-day moving average is $132.02 and its 200 day moving average is $109.87. DoorDash has a 12 month low of $60.36 and a 12 month high of $143.34. The stock has a market capitalization of $45.98 billion, a PE ratio of -105.84, a P/E/G ratio of 14.18 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.45 billion. DoorDash had a negative return on equity of 6.38% and a negative net margin of 4.61%. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.41) EPS. As a group, equities research analysts anticipate that DoorDash will post 0.21 EPS for the current year.

Insiders Place Their Bets

In other news, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total value of $76,797.00. Following the transaction, the director now owns 71,514 shares in the company, valued at approximately $7,845,800.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total transaction of $76,797.00. Following the completion of the sale, the director now directly owns 71,514 shares of the company’s stock, valued at approximately $7,845,800.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $130.95, for a total value of $916,650.00. Following the sale, the chief financial officer now owns 384,425 shares in the company, valued at $50,340,453.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 487,782 shares of company stock valued at $64,046,807. Corporate insiders own 9.59% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Large investors have recently added to or reduced their stakes in the company. Spire Wealth Management bought a new stake in DoorDash during the 1st quarter valued at $25,000. Venturi Wealth Management LLC grew its stake in DoorDash by 54.5% in the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after buying an additional 90 shares in the last quarter. Hollencrest Capital Management bought a new position in DoorDash in the first quarter valued at $42,000. Parkside Financial Bank & Trust raised its holdings in shares of DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after buying an additional 307 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of DoorDash by 448.8% in the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after acquiring an additional 359 shares during 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.