DoorDash (NASDAQ:DASH) Receives Overweight Rating from Cantor Fitzgerald

DoorDash (NASDAQ:DASH)‘s stock had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald in a research note issued on Tuesday,Benzinga reports. They currently have a $200.00 price objective on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 7.65% from the stock’s current price. Cantor Fitzgerald also issued estimates for DoorDash’s FY2025 earnings at $1.26 EPS.

Several other brokerages have also issued reports on DASH. Loop Capital boosted their target price on DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Jefferies Financial Group boosted their price objective on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Mizuho increased their target price on shares of DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Bank of America boosted their price target on shares of DoorDash from $172.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada upped their price target on shares of DoorDash from $175.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.18.

DoorDash Stock Performance

Shares of DASH stock opened at $185.78 on Tuesday. The firm has a market cap of $77.17 billion, a price-to-earnings ratio of -412.84, a P/E/G ratio of 1.85 and a beta of 1.71. DoorDash has a 52 week low of $99.32 and a 52 week high of $186.79. The firm’s 50-day simple moving average is $174.76 and its two-hundred day simple moving average is $150.11.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 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 2.41%. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same quarter in the previous year, the firm posted ($0.19) EPS. DoorDash’s revenue was up 25.0% on a year-over-year basis. Analysts forecast that DoorDash will post 0.29 earnings per share for the current year.

Insider Transactions at DoorDash

In other news, insider Keith Yandell sold 7,980 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40. Following the completion of the sale, the insider now owns 124,221 shares of the company’s stock, valued at approximately $21,115,085.58. This represents a 6.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tony Xu sold 108,332 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $255,375. This represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,040,758 shares of company stock worth $181,434,201. 7.92% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DoorDash

Hedge funds and other institutional investors have recently modified their holdings of the stock. Avestar Capital LLC grew its position in DoorDash by 1.1% during the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock worth $1,110,000 after acquiring an additional 75 shares during the last quarter. Morris Financial Concepts Inc. purchased a new stake in shares of DoorDash during the fourth quarter valued at approximately $202,000. Allspring Global Investments Holdings LLC grew its holdings in shares of DoorDash by 10.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,192,128 shares of the company’s stock worth $203,279,000 after purchasing an additional 109,766 shares during the last quarter. Capital Advisors Inc. OK increased its stake in shares of DoorDash by 23.4% in the fourth quarter. Capital Advisors Inc. OK now owns 251,397 shares of the company’s stock worth $42,172,000 after buying an additional 47,619 shares during the period. Finally, Certuity LLC increased its stake in shares of DoorDash by 5.2% in the fourth quarter. Certuity LLC now owns 6,823 shares of the company’s stock worth $1,145,000 after buying an additional 338 shares during the period. 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.