DoorDash (NASDAQ:DASH) Price Target Raised to $200.00

DoorDash (NASDAQ:DASH) had its target price upped by UBS Group from $182.00 to $200.00 in a report issued on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. Mizuho raised their price objective on shares of DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Wells Fargo & Company lifted their price target on shares of DoorDash from $150.00 to $166.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. KeyCorp upped their price objective on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Truist Financial lifted their target price on DoorDash from $180.00 to $217.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Benchmark upped their price target on DoorDash from $152.00 to $173.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and a consensus target price of $179.39.

DoorDash Stock Performance

DASH stock opened at $195.99 on Monday. The company has a market cap of $81.41 billion, a price-to-earnings ratio of -435.53, a P/E/G ratio of 1.97 and a beta of 1.72. The business’s 50-day moving average is $176.19 and its two-hundred day moving average is $153.15. DoorDash has a fifty-two week low of $99.32 and a fifty-two week high of $196.03.

Insider Activity

In related news, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $255,375. This trade represents a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on 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 transaction, the director now directly owns 18,089 shares of the company’s stock, valued at $3,123,427.63. The trade was a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,040,758 shares of company stock worth $181,434,201. 7.92% of the stock is currently owned by corporate insiders.

Institutional Trading of DoorDash

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rakuten Securities Inc. grew 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 buying an additional 130 shares during the last quarter. Pittenger & Anderson Inc. purchased a new position in DoorDash during the 4th quarter valued at $29,000. Denver PWM LLC purchased a new position in DoorDash during the 4th quarter valued at $30,000. Princeton Global Asset Management LLC bought a new position in DoorDash in the 4th quarter valued at $34,000. Finally, ORG Wealth Partners LLC purchased a new stake in DoorDash in the fourth quarter worth $36,000. 90.64% of the stock is 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.