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

DoorDash, Inc. (NASDAQ:DASH) has been given a consensus recommendation of “Moderate Buy” by the thirty-four analysts that are presently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $180.82.

A number of research firms recently weighed in on DASH. BMO Capital Markets lifted their target price on DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Citigroup lifted their price objective on DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. The Goldman Sachs Group upped their target price on DoorDash from $161.00 to $192.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Evercore ISI lifted their price target on shares of DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, DA Davidson increased their price objective on shares of DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st.

DoorDash Price Performance

Shares of DoorDash stock opened at $193.09 on Wednesday. The company has a market cap of $80.21 billion, a PE ratio of -429.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72. The firm has a fifty day moving average price of $177.52 and a two-hundred day moving average price of $156.06. DoorDash has a fifty-two week low of $99.32 and a fifty-two week high of $199.17.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 115,432 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.01, for a total value of $20,432,618.32. Following the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $265,515. This represents a 98.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $172.67, for a total value of $8,633,500.00. Following the sale, the director now owns 18,089 shares of the company’s stock, valued at approximately $3,123,427.63. This represents a 73.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,040,758 shares of company stock worth $181,434,201 over the last 90 days. Company insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Several institutional investors and hedge funds have recently modified their holdings of the business. Prudential Financial Inc. grew its position in shares of DoorDash by 1.4% during the 4th quarter. Prudential Financial Inc. now owns 12,181 shares of the company’s stock worth $2,043,000 after purchasing an additional 165 shares in the last quarter. Corebridge Financial Inc. boosted its stake in shares of DoorDash by 0.6% in the fourth quarter. Corebridge Financial Inc. now owns 25,296 shares of the company’s stock valued at $4,243,000 after buying an additional 148 shares during the period. Vanguard Group Inc. grew its position in DoorDash by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock worth $5,254,501,000 after buying an additional 317,502 shares in the last quarter. LPL Financial LLC increased its stake in DoorDash by 23.0% during the 4th quarter. LPL Financial LLC now owns 75,192 shares of the company’s stock worth $12,613,000 after acquiring an additional 14,037 shares during the period. Finally, Fox Run Management L.L.C. increased its stake in DoorDash by 92.5% during the 4th quarter. Fox Run Management L.L.C. now owns 4,107 shares of the company’s stock worth $689,000 after acquiring an additional 1,974 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.