DoorDash (NASDAQ:DASH) Price Target Raised to $180.00 at Truist Financial

DoorDash (NASDAQ:DASH) had its price target boosted by Truist Financial from $170.00 to $180.00 in a research note released on Thursday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Redburn Atlantic assumed coverage on shares of DoorDash in a report on Friday, July 26th. They set a “buy” rating and a $170.00 target price on the stock. KeyCorp raised shares of 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. Benchmark boosted their price target on DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. BTIG Research upgraded DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Thursday, September 19th. Finally, Wolfe Research started coverage on DoorDash in a research note on Tuesday, July 16th. They set an “outperform” rating and a $130.00 target price for the company. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $160.73.

DoorDash Trading Down 0.2 %

Shares of DASH stock traded down $0.27 during trading hours on Thursday, hitting $156.43. 1,042,214 shares of the company were exchanged, compared to its average volume of 3,829,445. The company has a market capitalization of $64.38 billion, a PE ratio of -341.93, a PEG ratio of 331.02 and a beta of 1.70. DoorDash has a 52 week low of $83.58 and a 52 week high of $165.07. The business has a 50 day moving average of $139.86 and a two-hundred day moving average of $124.05.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.17. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.46%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period last year, the business earned ($0.19) EPS. On average, research analysts forecast that DoorDash will post 0.01 EPS for the current year.

Insider Activity

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 transaction of $12,014,289.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Tony Xu sold 81,249 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Prabir Adarkar sold 32,124 shares of DoorDash stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the sale, the chief operating officer now directly owns 963,094 shares of the company’s stock, valued at $142,528,281.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 383,710 shares of company stock worth $53,725,640 in the last three months. Corporate insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

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