Brokerages Set DoorDash, Inc. (NASDAQ:DASH) PT at $175.97

Shares of DoorDash, Inc. (NASDAQ:DASH) have received a consensus rating of “Moderate Buy” from the thirty-four analysts that are currently covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $175.97.

A number of analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods upgraded shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price target on the stock in a research note on Wednesday, September 25th. Benchmark increased their price objective on shares of DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. JMP Securities restated a “market outperform” rating and issued a $200.00 price objective on shares of DoorDash in a report on Thursday, January 2nd. Finally, Needham & Company LLC upped their target price on DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 31st.

DoorDash Trading Up 2.1 %

DASH stock opened at $174.48 on Friday. The stock has a 50-day moving average price of $173.59 and a two-hundred day moving average price of $146.73. DoorDash has a 1 year low of $99.32 and a 1 year high of $181.78. The stock has a market cap of $72.48 billion, a PE ratio of -387.73, a price-to-earnings-growth ratio of 1.77 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period last year, the company earned ($0.19) earnings per share. DoorDash’s quarterly revenue was up 25.0% on a year-over-year basis. On average, analysts forecast that DoorDash will post 0.26 earnings per share for the current fiscal year.

Insider Buying and Selling at DoorDash

In other news, insider Keith Yandell sold 7,980 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the completion of the transaction, the insider now owns 124,221 shares of the company’s stock, valued at approximately $21,115,085.58. This trade represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $170.25, for a total value of $18,443,523.00. Following the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at approximately $255,375. This represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,019,333 shares of company stock worth $177,556,541 over the last quarter. Corporate insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

A number of large investors have recently bought and sold shares of the business. Donoghue Forlines LLC grew its holdings in DoorDash by 168.0% in the fourth quarter. Donoghue Forlines LLC now owns 12,110 shares of the company’s stock worth $2,031,000 after purchasing an additional 7,591 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of DoorDash by 38.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 59,175 shares of the company’s stock valued at $9,927,000 after buying an additional 16,410 shares during the period. SG Americas Securities LLC grew its stake in shares of DoorDash by 128.2% in the 4th quarter. SG Americas Securities LLC now owns 50,222 shares of the company’s stock valued at $8,425,000 after buying an additional 28,218 shares during the period. Simon Quick Advisors LLC increased its position in DoorDash by 9.9% in the 4th quarter. Simon Quick Advisors LLC now owns 1,858 shares of the company’s stock valued at $312,000 after buying an additional 167 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in DoorDash by 36.9% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 24,156 shares of the company’s stock worth $4,052,000 after buying an additional 6,514 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.