DoorDash, Inc. (NASDAQ:DASH) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of DoorDash, Inc. (NASDAQ:DASH) have been assigned an average rating of “Moderate Buy” from the twenty-four analysts that are currently covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $134.79.

Several analysts recently weighed in on DASH shares. Moffett Nathanson raised shares of DoorDash from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $118.00 to $164.00 in a research note on Thursday, April 11th. Truist Financial reduced their price objective on shares of DoorDash from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and issued a $137.00 price objective on shares of DoorDash in a research note on Thursday, May 2nd. Wedbush reaffirmed a “neutral” rating and set a $115.00 price target on shares of DoorDash in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company upped their price target on shares of DoorDash from $100.00 to $125.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th.

Insider Buying and Selling

In other DoorDash news, Director Shona L. Brown sold 1,712 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $110.97, for a total value of $189,980.64. Following the completion of the sale, the director now owns 70,191 shares in the company, valued at approximately $7,789,095.27. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other DoorDash news, Director Shona L. Brown sold 1,712 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $110.97, for a total value of $189,980.64. Following the completion of the sale, the director now owns 70,191 shares in the company, valued at approximately $7,789,095.27. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Tony Xu sold 132,300 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total transaction of $17,663,373.00. The disclosure for this sale can be found here. Insiders have sold 478,325 shares of company stock worth $58,347,361 in the last quarter. Insiders own 7.92% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DASH. EverSource Wealth Advisors LLC boosted its holdings in DoorDash by 21.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 791 shares of the company’s stock worth $102,000 after buying an additional 138 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in DoorDash by 15.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 43,640 shares of the company’s stock worth $5,987,000 after buying an additional 5,779 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in DoorDash by 5.4% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 155,345 shares of the company’s stock valued at $21,394,000 after purchasing an additional 7,900 shares during the period. Cetera Advisors LLC boosted its holdings in DoorDash by 40.8% in the 1st quarter. Cetera Advisors LLC now owns 3,100 shares of the company’s stock valued at $427,000 after purchasing an additional 898 shares during the period. Finally, PGGM Investments bought a new position in DoorDash in the 1st quarter valued at $1,901,000. 90.64% of the stock is owned by institutional investors.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $108.51 on Tuesday. DoorDash has a 1 year low of $69.90 and a 1 year high of $143.34. The stock has a market capitalization of $44.37 billion, a price-to-earnings ratio of -100.47, a price-to-earnings-growth ratio of 27.50 and a beta of 1.67. The company’s 50 day simple moving average is $115.23 and its 200 day simple moving average is $117.40.

DoorDash (NASDAQ:DASH) last issued its earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the business posted ($0.41) earnings per share. The company’s quarterly revenue was up 23.5% on a year-over-year basis. As a group, analysts anticipate that DoorDash will post 0.11 EPS for the current fiscal year.

About DoorDash

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.