DoorDash (NASDAQ:DASH) Given New $180.00 Price Target at Needham & Company LLC

DoorDash (NASDAQ:DASH) had its price target increased by Needham & Company LLC from $145.00 to $180.00 in a research report report published on Thursday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Argus started coverage on shares of DoorDash in a research report on Tuesday, July 23rd. They set a “hold” rating on the stock. 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 report on Friday, October 4th. Evercore ISI lifted their target price on DoorDash from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Roth Mkm upped their price target on DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, DA Davidson raised their price objective on DoorDash from $110.00 to $119.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.12.

DoorDash Stock Down 0.7 %

Shares of DASH opened at $155.66 on Thursday. The firm has a market cap of $64.06 billion, a price-to-earnings ratio of -345.91, a PEG ratio of 331.02 and a beta of 1.67. The business’s 50 day moving average is $140.40 and its two-hundred day moving average is $124.21. DoorDash has a 52-week low of $83.58 and a 52-week high of $165.07.

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

Insider Activity at DoorDash

In other DoorDash news, Director Shona L. Brown sold 5,005 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,600.00. Following the sale, the director now directly owns 65,186 shares in the company, valued at approximately $7,822,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Shona L. Brown sold 5,005 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $120.00, for a total value of $600,600.00. Following the completion of the transaction, the director now directly owns 65,186 shares in the company, valued at $7,822,320. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tony Xu sold 81,249 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 383,710 shares of company stock worth $53,725,640 in the last 90 days. Corporate insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Several institutional investors have recently modified their holdings of DASH. Meeder Asset Management Inc. grew its holdings in DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after acquiring an additional 132 shares during the period. Headlands Technologies LLC bought a new position in shares of DoorDash during the 2nd quarter valued at about $32,000. Versant Capital Management Inc grew its stake in shares of DoorDash by 340.8% in the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 259 shares during the last quarter. ORG Partners LLC raised its holdings in shares of DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 253 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in shares of DoorDash by 146.8% in the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after purchasing an additional 204 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

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.