DoorDash (NASDAQ:DASH) Sets New 1-Year High After Analyst Upgrade

DoorDash, Inc. (NASDAQ:DASH) shares hit a new 52-week high during trading on Tuesday after UBS Group raised their price target on the stock from $182.00 to $200.00. UBS Group currently has a neutral rating on the stock. DoorDash traded as high as $192.78 and last traded at $190.80, with a volume of 4230171 shares traded. The stock had previously closed at $188.83.

DASH has been the subject of several other research reports. Evercore ISI boosted their price objective 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. Wolfe Research boosted their price objective on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. The Goldman Sachs Group boosted their price objective on shares of DoorDash from $161.00 to $192.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Barclays upped their target price on shares of DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets upped their target price on shares of DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $179.39.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $170.25, for a total value of $18,443,523.00. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $255,375. The trade was a 98.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the transaction, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,040,758 shares of company stock valued at $181,434,201. 7.92% of the stock is owned by company insiders.

Hedge Funds Weigh In On DoorDash

Institutional investors have recently bought and sold shares of the company. Algert Global LLC acquired a new position in shares of DoorDash during the second quarter worth about $338,000. Cetera Investment Advisers grew its position in shares of DoorDash by 7.2% during the second quarter. Cetera Investment Advisers now owns 11,747 shares of the company’s stock worth $1,278,000 after buying an additional 788 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of DoorDash during the second quarter worth about $779,000. GAMMA Investing LLC grew its position in shares of DoorDash by 19.3% during the third quarter. GAMMA Investing LLC now owns 941 shares of the company’s stock worth $134,000 after buying an additional 152 shares in the last quarter. Finally, Everpar Advisors LLC acquired a new position in shares of DoorDash during the third quarter worth about $220,000. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Stock Up 1.0 %

The firm has a market capitalization of $79.26 billion, a price-to-earnings ratio of -424.00, a P/E/G ratio of 1.97 and a beta of 1.72. The stock has a 50-day moving average price of $175.53 and a 200 day moving average price of $152.23.

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.