DoorDash (NASDAQ:DASH) Price Target Raised to $235.00 at Oppenheimer

DoorDash (NASDAQ:DASH) had its price target raised by analysts at Oppenheimer from $180.00 to $235.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 18.27% from the stock’s current price.

DASH has been the topic of several other research reports. Susquehanna upped their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a research note on Friday, November 1st. KeyCorp increased their price target on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $240.00 price objective (up previously from $180.00) on shares of DoorDash in a research report on Wednesday. The Goldman Sachs Group increased their target price on DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, UBS Group lifted their price target on DoorDash from $182.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $200.79.

DoorDash Stock Performance

DoorDash stock traded up $5.61 during midday trading on Wednesday, reaching $198.70. 5,145,543 shares of the company were exchanged, compared to its average volume of 2,889,033. The company has a market capitalization of $82.54 billion, a price-to-earnings ratio of -440.81, a P/E/G ratio of 2.04 and a beta of 1.72. The firm’s 50-day simple moving average is $177.52 and its 200-day simple moving average is $156.06. DoorDash has a 1 year low of $99.32 and a 1 year high of $201.17.

Insider Buying and Selling at DoorDash

In related news, insider Keith Yandell sold 7,980 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total value of $1,356,440.40. Following the sale, the insider now owns 124,221 shares of the company’s stock, valued at approximately $21,115,085.58. This trade represents a 6.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $183.20, for a total value of $261,060.00. Following the transaction, the chief financial officer now owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,040,758 shares of company stock worth $181,434,201 in the last 90 days. 7.92% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DoorDash

Several large investors have recently made changes to their positions in DASH. Rakuten Securities Inc. raised its stake in shares of DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares in the last quarter. Pittenger & Anderson Inc. bought a new stake in DoorDash in the fourth quarter worth about $29,000. Denver PWM LLC bought a new stake in shares of DoorDash in the 4th quarter worth approximately $30,000. Princeton Global Asset Management LLC acquired a new position in DoorDash in the fourth quarter worth approximately $34,000. Finally, ORG Wealth Partners LLC bought a new position in shares of DoorDash in the fourth quarter valued at $36,000. 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.