DoorDash (NASDAQ:DASH) PT Raised to $170.00 at Truist Financial

DoorDash (NASDAQ:DASH) had its price objective lifted by Truist Financial from $150.00 to $170.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 12.64% from the company’s previous close.

Several other analysts have also recently issued reports on DASH. Roth Mkm upped their target price on DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Raymond James assumed coverage on shares of DoorDash in a report on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $160.00 target price on shares of DoorDash in a research note on Monday, October 7th. JPMorgan Chase & Co. increased their price target on shares of DoorDash from $111.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, UBS Group lifted their price target on shares of DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Ten equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.34.

DoorDash Stock Performance

Shares of DASH stock opened at $150.92 on Tuesday. DoorDash has a fifty-two week low of $69.90 and a fifty-two week high of $154.16. The stock’s fifty day moving average is $136.33 and its two-hundred day moving average is $123.07. The firm has a market capitalization of $61.71 billion, a P/E ratio of -141.24, a PEG ratio of 425.82 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The business’s revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.44) earnings per share. On average, equities analysts forecast that DoorDash will post 0.01 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other news, Director Shona L. Brown sold 5,005 shares of DoorDash stock in a transaction on Monday, August 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,600.00. Following the completion of the sale, the director now directly owns 65,186 shares of the company’s stock, valued at approximately $7,822,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Shona L. Brown sold 5,005 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $120.00, for a total value of $600,600.00. Following the transaction, the director now owns 65,186 shares in the company, valued at approximately $7,822,320. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Prabir Adarkar sold 32,124 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total value of $4,754,030.76. Following the sale, the chief operating officer now directly owns 963,094 shares in the company, valued at $142,528,281.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 390,710 shares of company stock valued at $54,472,120. Insiders own 7.92% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. ORG Partners LLC boosted its stake in DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after acquiring an additional 253 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of DoorDash in the 2nd quarter valued at about $32,000. Meeder Asset Management Inc. grew its stake in DoorDash by 82.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after buying an additional 132 shares during the last quarter. Hollencrest Capital Management acquired a new position in DoorDash during the first quarter worth approximately $42,000. Finally, Versant Capital Management Inc lifted its stake in DoorDash by 340.8% in the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after buying an additional 259 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

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.