Analysts Set DoorDash, Inc. (NASDAQ:DASH) PT at $168.39

DoorDash, Inc. (NASDAQ:DASH) has been given a consensus recommendation of “Moderate Buy” by the thirty-four ratings firms that are presently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $168.39.

Several analysts have commented on DASH shares. Bank of America increased their price target on shares of DoorDash from $168.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. UBS Group increased their target price on shares of DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. DA Davidson lifted their price target on shares of DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. The Goldman Sachs Group increased their price objective on DoorDash from $142.00 to $161.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Evercore ISI boosted their target price on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 81,249 shares of the company’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 transaction of $12,014,289.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Monday, October 14th. The shares were sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the completion of the sale, the director now directly owns 18,089 shares in the company, valued at $2,710,274.87. This represents a 73.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 897,362 shares of company stock worth $151,625,589. Company insiders own 7.92% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in DoorDash by 25.0% during the 3rd quarter. Principal Financial Group Inc. now owns 90,786 shares of the company’s stock worth $12,958,000 after buying an additional 18,155 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of DoorDash by 1.1% in the third quarter. Lord Abbett & CO. LLC now owns 750,119 shares of the company’s stock worth $107,064,000 after acquiring an additional 8,195 shares during the last quarter. Franklin Resources Inc. increased its position in shares of DoorDash by 15.2% during the third quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company’s stock worth $570,135,000 after purchasing an additional 501,905 shares in the last quarter. Tri Ri Asset Management Corp acquired a new position in DoorDash in the 3rd quarter valued at $6,250,000. Finally, Tidal Investments LLC lifted its holdings in DoorDash by 19.9% in the 3rd quarter. Tidal Investments LLC now owns 12,321 shares of the company’s stock valued at $1,759,000 after purchasing an additional 2,049 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Stock Up 0.2 %

Shares of DASH stock opened at $169.60 on Tuesday. The firm has a market cap of $70.45 billion, a price-to-earnings ratio of -376.89, a PEG ratio of 13.56 and a beta of 1.70. DoorDash has a 52-week low of $93.33 and a 52-week high of $181.78. The company’s 50 day moving average is $169.61 and its 200 day moving average is $139.91.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business’s revenue was up 25.0% compared to the same quarter last year. During the same period last year, the business posted ($0.19) EPS. Analysts anticipate that DoorDash will post 0.26 EPS for the current fiscal year.

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.