DoorDash (NASDAQ:DASH) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of DoorDash (NASDAQ:DASH) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

A number of other analysts also recently commented on the stock. Wedbush assumed coverage on shares of DoorDash in a report on Thursday, July 16th. They issued a “neutral” rating and a $205.00 target price on the stock. Bank of America restated a “buy” rating on shares of DoorDash in a report on Thursday, August 6th. Argus set a $190.00 price target on shares of DoorDash in a research report on Thursday, June 11th. KeyCorp dropped their price target on DoorDash from $280.00 to $275.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Finally, DA Davidson cut their price objective on DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $254.09.

DoorDash Trading Up 1.7%

Shares of DASH stock opened at $216.35 on Monday. The stock has a 50-day simple moving average of $188.55 and a 200 day simple moving average of $174.89. The stock has a market capitalization of $93.74 billion, a P/E ratio of 113.27 and a beta of 1.78. DoorDash has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter last year, the firm posted $0.65 earnings per share. DoorDash’s revenue was up 35.6% compared to the same quarter last year. On average, sell-side analysts expect that DoorDash will post 2.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Andy Fang sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $180.00, for a total value of $900,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 that occurred on Wednesday, July 8th. The stock was sold at an average price of $188.04, for a total transaction of $3,590,623.80. Following the completion of the transaction, the chief financial officer directly owned 252,443 shares of the company’s stock, valued at $47,469,381.72. This represents a 7.03% decrease in their position. 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. Insiders sold a total of 142,620 shares of company stock valued at $26,822,778 over the last 90 days. 5.28% of the stock is owned by corporate insiders.

Institutional Trading of DoorDash

Hedge funds have recently modified their holdings of the business. MV Capital Management Inc. acquired a new stake in shares of DoorDash in the fourth quarter worth $26,000. Swiss RE Ltd. acquired a new position in DoorDash during the fourth quarter valued at $28,000. ST Germain D J Co. Inc. purchased a new stake in DoorDash in the 4th quarter worth about $29,000. Kemnay Advisory Services Inc. purchased a new stake in DoorDash in the 4th quarter worth about $32,000. Finally, Sunbelt Securities Inc. boosted its position in 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 period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Expanded retail partnerships broaden DoorDash’s addressable market. DoorDash is making back-to-school shopping available through Barnes & Noble, Carter’s and Kohl’s, while Australia’s BIG W is launching same-day delivery through the platform. These deals could increase order frequency and diversify revenue beyond restaurant delivery. DoorDash Makes Back-to-School Shopping Easier with Barnes & Noble, Carter’s, and Kohl’s BIG W launches same-day delivery through DoorDash partnership
• Positive Sentiment: DoorDash is expanding into video-game commerce. The company has begun selling video games, apparently using pickup or retailer fulfillment rather than delivering the products directly. The initiative is strategically positive because it extends DoorDash’s marketplace into another high-demand retail category, though the near-term financial impact is likely limited. DoorDash starts selling video games but won’t drop them at your door
• Positive Sentiment: Autonomous delivery could improve long-term operating efficiency. DoorDash and Grubhub are taking delivery robots previously unwanted by Uber, and DoorDash’s robotics partnerships are expanding. Wider robot deployment could eventually reduce delivery costs and support higher order volumes, although the articles provide no timeline or quantified savings. Grubhub and DoorDash are taking the delivery robots Uber didn’t want
• Neutral Sentiment: Reports that DoorDash and Uber Eats will avoid raising prices after delivery-worker minimum wages were locked in may help preserve customer demand, but could constrain margins if labor costs rise. UberEats and DoorDash to avoid increasing prices
• Negative Sentiment: A wrongful-death lawsuit connected to a customer killed while picking up a DoorDash order creates some reputational and potential legal overhang, although the reported claims target the alleged shooter and Popeyes rather than clearly identifying DoorDash as a defendant. Mother of man killed while picking up DoorDash order sues Popeyes and alleged shooter

About DoorDash

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.