Jefferies Financial Group Boosts DoorDash (NASDAQ:DASH) Price Target to $180.00

DoorDash (NASDAQ:DASH) had its price target lifted by Jefferies Financial Group from $155.00 to $180.00 in a research note released on Tuesday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on DASH. Keefe, Bruyette & Woods upgraded DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 target price on the stock in a report on Wednesday, September 25th. Argus assumed coverage on DoorDash in a report on Tuesday, July 23rd. They issued a “hold” rating on the stock. BMO Capital Markets lifted their target price on DoorDash from $127.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. KeyCorp upgraded DoorDash from a “sector weight” rating to an “overweight” rating and set a $177.00 target price on the stock in a report on Wednesday, September 25th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $160.00 target price on shares of DoorDash in a report on Monday, October 7th. Ten analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.00.

DoorDash Stock Performance

Shares of DASH stock opened at $153.88 on Tuesday. DoorDash has a 1 year low of $69.90 and a 1 year high of $155.29. The stock has a market cap of $62.92 billion, a PE ratio of -142.48, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70. The business’s fifty day moving average is $137.76 and its 200-day moving average is $123.59.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.44) earnings per share. Equities research analysts predict that DoorDash will post 0.01 earnings per share for the current year.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the sale, the director now owns 18,089 shares of the company’s stock, valued at $2,355,187.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other DoorDash news, CEO Tony Xu sold 81,249 shares of the business’s stock in a transaction dated 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 Securities & Exchange Commission, which is available at this link. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the sale, the director now directly owns 18,089 shares of the company’s stock, valued at $2,355,187.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 390,710 shares of company stock valued at $54,472,120 over the last quarter. Insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Several large investors have recently made changes to their positions in the business. Baillie Gifford & Co. lifted its position in shares of DoorDash by 0.8% during the 2nd quarter. Baillie Gifford & Co. now owns 12,497,488 shares of the company’s stock worth $1,359,477,000 after purchasing an additional 94,241 shares during the last quarter. Capital World Investors increased its holdings in shares of DoorDash by 0.8% during the 1st quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock worth $1,304,242,000 after purchasing an additional 74,504 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of DoorDash by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock valued at $753,281,000 after buying an additional 242,956 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of DoorDash by 11,416.7% in the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after buying an additional 3,425,115 shares during the period. Finally, Dragoneer Investment Group LLC grew its position in DoorDash by 77.9% during the second quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock worth $309,755,000 after buying an additional 1,246,567 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

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.