Brokerages Set DoorDash, Inc. (NASDAQ:DASH) PT at $166.06

Shares of DoorDash, Inc. (NASDAQ:DASH) have been assigned a consensus rating of “Moderate Buy” from the thirty-four analysts that are currently covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation and twenty-four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $166.06.

DASH has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on shares of DoorDash from $127.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday, October 4th. Evercore ISI upped their price target on shares of DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Oppenheimer lifted their price objective on shares of DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Raymond James started coverage on DoorDash in a report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 target price for the company. Finally, Needham & Company LLC lifted their price target on DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, October 31st.

DoorDash Price Performance

Shares of DASH stock opened at $180.48 on Friday. The company has a market capitalization of $74.97 billion, a P/E ratio of -401.07, a P/E/G ratio of 13.88 and a beta of 1.67. The company’s 50-day simple moving average is $158.11 and its two-hundred day simple moving average is $131.20. DoorDash has a one year low of $92.58 and a one year high of $181.30.

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

Insider Activity at DoorDash

In other news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the transaction, the director now owns 18,089 shares of the company’s stock, valued at $2,355,187.80. This represents a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 654,596 shares of company stock worth $104,128,585. 7.92% of the stock is owned by corporate insiders.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC boosted its holdings in DoorDash by 0.8% in the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock worth $1,122,000 after buying an additional 82 shares during the last quarter. Everhart Financial Group Inc. boosted its stake in shares of DoorDash by 3.1% in the second quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock worth $355,000 after acquiring an additional 99 shares during the last quarter. E Fund Management Co. Ltd. boosted its stake in shares of DoorDash by 3.5% in the second quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock worth $355,000 after acquiring an additional 111 shares during the last quarter. SJS Investment Consulting Inc. increased its position in shares of DoorDash by 21.0% during the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock worth $73,000 after purchasing an additional 117 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in DoorDash by 39.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock valued at $61,000 after purchasing an additional 119 shares during the last quarter. Hedge funds and other institutional investors 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.