DoorDash (NASDAQ:DASH) Price Target Raised to $173.00 at Mizuho

DoorDash (NASDAQ:DASH) had its price target boosted by Mizuho from $162.00 to $173.00 in a research report released on Thursday, Benzinga reports. Mizuho currently has an outperform rating on the stock.

DASH has been the subject of a number of other reports. Redburn Atlantic started coverage on DoorDash in a research note on Friday, July 26th. They set a “buy” rating and a $170.00 target price for the company. DA Davidson increased their target price on DoorDash from $110.00 to $119.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Wells Fargo & Company increased their target price on DoorDash from $127.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday, October 4th. BTIG Research raised DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Thursday, September 19th. Finally, Raymond James started coverage on DoorDash in a research note on Tuesday, September 24th. They set an “outperform” rating and a $155.00 target price for the company. Ten analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

DoorDash Trading Up 0.5 %

DoorDash stock opened at $153.88 on Thursday. DoorDash has a twelve month low of $69.90 and a twelve month high of $155.29. The stock has a 50 day moving average of $137.76 and a two-hundred day moving average of $123.40. The stock has a market capitalization of $62.92 billion, a price-to-earnings ratio of -142.48, a PEG ratio of 425.82 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data 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). DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the business posted ($0.44) earnings per share. The firm’s revenue was up 23.3% compared to the same quarter last year. Equities analysts predict that DoorDash will post 0.01 earnings per share for the current year.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 81,249 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total transaction of $12,014,289.63. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Tony Xu sold 81,249 shares of DoorDash stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total value of $12,014,289.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the transaction, the director now owns 18,089 shares in the company, valued at $2,355,187.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 390,710 shares of company stock worth $54,472,120 over the last quarter. 7.92% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP raised its position in DoorDash by 930.5% in the second quarter. Marshall Wace LLP now owns 675,988 shares of the company’s stock valued at $73,534,000 after purchasing an additional 610,388 shares during the period. Jupiter Asset Management Ltd. purchased a new position in DoorDash in the first quarter valued at about $2,969,000. CWM LLC raised its position in DoorDash by 97.1% in the third quarter. CWM LLC now owns 10,705 shares of the company’s stock valued at $1,528,000 after purchasing an additional 5,273 shares during the period. Paragon Capital Management Inc. purchased a new position in DoorDash in the second quarter valued at about $1,309,000. Finally, Hennion & Walsh Asset Management Inc. raised its position in DoorDash by 9.0% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 25,807 shares of the company’s stock valued at $2,807,000 after purchasing an additional 2,125 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

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.