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

Shares of DoorDash, Inc. (NASDAQ:DASH) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-four brokerages that are covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and twenty-five have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $206.52.

DASH has been the topic of a number of research reports. Wedbush raised their price target on DoorDash from $160.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Argus raised DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. UBS Group upped their price target on shares of DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. KeyCorp raised their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of DoorDash from $155.00 to $205.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th.

Insider Activity at DoorDash

In other news, CFO Ravi Inukonda sold 15,198 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $204.11, for a total transaction of $3,102,063.78. Following the sale, the chief financial officer now directly owns 351,970 shares in the company, valued at approximately $71,840,596.70. This represents a 4.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $176.66, for a total transaction of $8,833,000.00. Following the completion of the transaction, the director now directly owns 16,176 shares of the company’s stock, valued at approximately $2,857,652.16. The trade was a 75.56 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 572,062 shares of company stock valued at $101,051,440. Insiders own 7.92% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Several institutional investors have recently modified their holdings of DASH. Swedbank AB raised its holdings in DoorDash by 3.3% during the 4th quarter. Swedbank AB now owns 171,055 shares of the company’s stock valued at $28,694,000 after buying an additional 5,539 shares during the period. Sanctuary Advisors LLC raised its stake in shares of DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company’s stock valued at $1,522,000 after acquiring an additional 3,498 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock worth $2,018,584,000 after acquiring an additional 1,645,186 shares during the last quarter. LVW Advisors LLC purchased a new position in shares of DoorDash during the 4th quarter worth about $236,000. Finally, Transcendent Capital Group LLC bought a new position in DoorDash during the 3rd quarter valued at about $1,781,000. 90.64% of the stock is owned by institutional investors.

DoorDash Trading Down 1.1 %

Shares of DASH stock opened at $178.08 on Friday. DoorDash has a 12-month low of $99.32 and a 12-month high of $215.24. The stock has a market capitalization of $74.81 billion, a P/E ratio of 659.56 and a beta of 1.70. The firm’s 50 day moving average is $186.78 and its 200 day moving average is $165.64.

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.