DoorDash (NASDAQ:DASH) Given New $235.00 Price Target at Loop Capital

DoorDash (NASDAQ:DASH) had its price target raised by Loop Capital from $200.00 to $235.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also issued reports on DASH. Wedbush boosted their price objective on DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. KeyCorp boosted their price target on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Morgan Stanley increased their price objective on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Mizuho lifted their price objective on shares of DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Barclays upped their target price on shares of DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 13th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $206.52.

DoorDash Stock Down 2.0 %

Shares of NASDAQ:DASH opened at $195.87 on Monday. The firm has a 50-day simple moving average of $182.89 and a 200 day simple moving average of $161.81. DoorDash has a fifty-two week low of $99.32 and a fifty-two week high of $215.24. The company has a market cap of $82.28 billion, a PE ratio of 725.44 and a beta of 1.72.

Insiders Place Their Bets

In related news, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $179.76, for a total value of $1,258,320.00. Following the completion of the sale, the chief financial officer now directly owns 373,993 shares of the company’s stock, valued at approximately $67,228,981.68. This represents a 1.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tony Xu sold 115,432 shares of DoorDash 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 in the company, valued at approximately $265,515. This trade represents a 98.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 760,662 shares of company stock worth $134,448,673. Company insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Several institutional investors have recently made changes to their positions in DASH. Rakuten Securities Inc. lifted its position in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares in the last quarter. Pittenger & Anderson Inc. acquired a new position in shares of DoorDash in the fourth quarter worth $29,000. Denver PWM LLC purchased a new stake in shares of DoorDash during the fourth quarter worth $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash during the fourth quarter valued at $34,000. Finally, ORG Wealth Partners LLC purchased a new position in DoorDash in the fourth quarter valued at about $36,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.