Evercore ISI Boosts DoorDash (NASDAQ:DASH) Price Target to $240.00

DoorDash (NASDAQ:DASH) had its price target boosted by Evercore ISI from $200.00 to $240.00 in a research note released on Wednesday morning,Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

DASH has been the subject of several other research reports. Mizuho upped their price target on shares of DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday. Morgan Stanley upped their target price on shares of DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. 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. Jefferies Financial Group boosted their price objective on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Bank of America raised their price objective 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. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $202.67.

DoorDash Trading Up 4.0 %

DASH opened at $200.89 on Wednesday. The company’s 50-day moving average price is $178.00 and its 200 day moving average price is $156.37. DoorDash has a fifty-two week low of $99.32 and a fifty-two week high of $201.17.

Insiders Place Their Bets

In related news, insider Keith Yandell sold 7,980 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the completion of the transaction, the insider now owns 124,221 shares in the company, valued at approximately $21,115,085.58. This represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the completion of the sale, the director now directly owns 18,089 shares in the company, valued at approximately $3,123,427.63. This represents a 73.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,040,758 shares of company stock worth $181,434,201. Company insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

A number of institutional investors have recently modified their holdings of DASH. Cetera Investment Advisers raised its stake in shares of DoorDash by 7.2% during the 2nd quarter. Cetera Investment Advisers now owns 11,747 shares of the company’s stock valued at $1,278,000 after purchasing an additional 788 shares during the period. CWM LLC increased its holdings in DoorDash by 97.1% during the 3rd quarter. CWM LLC now owns 10,705 shares of the company’s stock worth $1,528,000 after acquiring an additional 5,273 shares during the period. Creative Planning lifted its stake in DoorDash by 58.3% in the 3rd quarter. Creative Planning now owns 109,972 shares of the company’s stock worth $15,696,000 after purchasing an additional 40,489 shares in the last quarter. Swedbank AB boosted its holdings in DoorDash by 1.0% in the 3rd quarter. Swedbank AB now owns 165,516 shares of the company’s stock valued at $23,624,000 after purchasing an additional 1,588 shares during the period. Finally, Vontobel Holding Ltd. grew its position in shares of DoorDash by 65.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 11,645 shares of the company’s stock valued at $1,662,000 after purchasing an additional 4,607 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

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.