DoorDash (NASDAQ:DASH) Price Target Raised to $155.00 at Deutsche Bank Aktiengesellschaft

DoorDash (NASDAQ:DASH) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $140.00 to $155.00 in a research note published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also weighed in on DASH. Piper Sandler upgraded shares of DoorDash from an underweight rating to a neutral rating and lifted their target price for the company from $53.00 to $127.00 in a research report on Friday, March 15th. Truist Financial lifted their target price on shares of DoorDash from $140.00 to $155.00 and gave the company a buy rating in a research report on Wednesday, March 27th. Benchmark assumed coverage on shares of DoorDash in a research report on Thursday, April 4th. They set a buy rating and a $165.00 target price on the stock. Wells Fargo & Company lifted their target price on shares of DoorDash from $100.00 to $125.00 and gave the company an equal weight rating in a research report on Thursday, April 4th. Finally, JMP Securities lifted their target price on shares of DoorDash from $130.00 to $160.00 and gave the company a market outperform rating in a research report on Wednesday, March 27th. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $130.52.

DoorDash Stock Performance

NASDAQ:DASH opened at $127.18 on Tuesday. The firm’s 50-day moving average is $130.37 and its 200-day moving average is $106.75. DoorDash has a 52-week low of $56.59 and a 52-week high of $143.34. The company has a market cap of $51.38 billion, a price-to-earnings ratio of -88.94, a PEG ratio of 15.34 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the firm posted ($0.63) EPS. The business’s revenue for the quarter was up 26.7% compared to the same quarter last year. Equities analysts predict that DoorDash will post 0.2 EPS for the current year.

Insider Buying and Selling

In related news, CEO Tony Xu sold 132,300 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total transaction of $17,458,308.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Tony Xu sold 132,300 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total transaction of $17,458,308.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andy Fang sold 67,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $110.57, for a total transaction of $7,408,190.00. Following the sale, the director now directly owns 40,969 shares of the company’s stock, valued at $4,529,942.33. The disclosure for this sale can be found here. Insiders sold a total of 497,282 shares of company stock valued at $64,885,042 over the last ninety days. Insiders own 9.59% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Large investors have recently bought and sold shares of the company. SJS Investment Consulting Inc. boosted its holdings in shares of DoorDash by 26.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after buying an additional 98 shares during the period. Westside Investment Management Inc. raised its position in shares of DoorDash by 18.2% in the fourth quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock valued at $64,000 after purchasing an additional 100 shares during the period. Hillsdale Investment Management Inc. increased its position in DoorDash by 1.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock worth $647,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC increased its position in DoorDash by 17.2% during the first quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $101,000 after acquiring an additional 108 shares during the period. Finally, Signaturefd LLC increased its position in DoorDash by 3.3% during the fourth quarter. Signaturefd LLC now owns 3,824 shares of the company’s stock worth $378,000 after acquiring an additional 121 shares during the period. Institutional investors own 90.64% of the company’s stock.

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.