Analysts Set DoorDash, Inc. (NASDAQ:DASH) PT at $277.38

DoorDash, Inc. (NASDAQ:DASHGet Free Report) has earned an average recommendation of “Moderate Buy” from the thirty-six ratings firms that are covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $277.1714.

A number of equities analysts recently commented on DASH shares. Wall Street Zen lowered DoorDash from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Oppenheimer reaffirmed an “outperform” rating and set a $280.00 price objective on shares of DoorDash in a report on Thursday, November 6th. UBS Group lowered their target price on DoorDash from $316.00 to $241.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Needham & Company LLC cut their target price on shares of DoorDash from $300.00 to $275.00 and set a “buy” rating for the company in a report on Friday, November 14th. Finally, Cantor Fitzgerald reduced their price target on shares of DoorDash from $330.00 to $270.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th.

Check Out Our Latest Stock Report on DoorDash

Insider Transactions at DoorDash

In related news, Director Andy Fang sold 25,000 shares of DoorDash stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $204.95, for a total value of $5,123,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tony Xu sold 16,667 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $230.00, for a total value of $3,833,410.00. Following the sale, the chief executive officer directly owned 1,500 shares in the company, valued at $345,000. The trade was a 91.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 551,184 shares of company stock worth $116,565,284. 5.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DoorDash

Several institutional investors have recently modified their holdings of DASH. Physician Wealth Advisors Inc. raised its stake in shares of DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares during the period. GFG Capital LLC bought a new position in DoorDash during the 2nd quarter valued at about $30,000. Morse Asset Management Inc bought a new position in DoorDash during the 3rd quarter valued at about $36,000. Finally, Sound Income Strategies LLC raised its position in DoorDash by 2,760.0% in the 3rd quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock worth $39,000 after purchasing an additional 138 shares during the period. 90.64% of the stock is owned by institutional investors.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $226.72 on Friday. The company has a market cap of $97.72 billion, a P/E ratio of 115.09 and a beta of 1.70. DoorDash has a 52-week low of $155.40 and a 52-week high of $285.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The firm’s fifty day moving average is $220.43 and its two-hundred day moving average is $241.54.

DoorDash (NASDAQ:DASHGet Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period last year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. As a group, analysts anticipate that DoorDash will post 2.22 EPS for the current fiscal year.

Trending Headlines about DoorDash

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DoorDash Company Profile

(Get Free Report)

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

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Analyst Recommendations for DoorDash (NASDAQ:DASH)

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