DoorDash, Inc. (NASDAQ:DASH) Receives Average Rating of “Moderate Buy” from Analysts

DoorDash, Inc. (NASDAQ:DASH) has been given a consensus recommendation of “Moderate Buy” by the thirty-six analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, twenty-five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $259.5833.

DASH has been the subject of several recent analyst reports. BNP Paribas Exane initiated coverage on shares of DoorDash in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $280.00 target price for the company. Mizuho reduced their price objective on shares of DoorDash from $320.00 to $255.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Guggenheim decreased their price objective on shares of DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Sanford C. Bernstein cut their target price on shares of DoorDash from $285.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, February 19th. Finally, DA Davidson reduced their target price on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a report on Thursday, May 7th.

DoorDash Price Performance

Shares of DASH opened at $155.19 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $165.94 and its 200 day simple moving average is $194.87. DoorDash has a 1-year low of $143.30 and a 1-year high of $285.50. The company has a market cap of $67.42 billion, a price-to-earnings ratio of 73.90 and a beta of 1.87.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The company’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.44 earnings per share. On average, research analysts forecast that DoorDash will post 2.45 earnings per share for the current fiscal year.

DoorDash News Summary

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Analysts cited by Bloomberg say DoorDash could reach 20% of U.S. restaurants by 2035, highlighting the company’s potential to keep expanding its merchant network and deepen its position in restaurant delivery. The same report suggested DoorDash could eventually move into POS hardware, which would broaden its product lineup and increase competition with restaurant payments players like Toast. Article title
• Positive Sentiment: Investor commentary from Artisan Partners said DoorDash’s recent results reinforced market-share gains, supporting the view that the company continues to take share in the food-delivery market and execute well operationally. Article title
• Neutral Sentiment: Several viral or local-news items involving DoorDash — including a customer using AI to secure a refund, a police chase tied to theft, and a lawsuit update — are more reputational than financially material, so they are unlikely to be the main driver of the stock.
• Negative Sentiment: Reports that DoorDash accounts are being rented or stolen online could raise concerns about fraud, platform security, and customer trust, even if the direct financial impact is unclear.
• Negative Sentiment: Talk that DoorDash may face a legal matter in a Kansas death case, even though the family reportedly dropped the company from the lawsuit, could keep some liability overhang in focus.

Insider Transactions at DoorDash

In related news, COO Prabir Adarkar sold 10,000 shares of the business’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $188.34, for a total value of $1,883,400.00. Following the completion of the sale, the chief operating officer directly owned 843,678 shares in the company, valued at $158,898,314.52. The trade was a 1.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the completion of the transaction, the director owned 19,279 shares in the company, valued at $2,891,850. This trade represents a 52.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 42,683 shares of company stock worth $6,908,813. Company insiders own 5.83% of the company’s stock.

Institutional Investors Weigh In On DoorDash

A number of large investors have recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. raised its holdings in DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares in the last quarter. Eastern Bank grew its holdings in shares of DoorDash by 714.3% during the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. MV Capital Management Inc. acquired a new stake in shares of DoorDash during the 4th quarter worth $26,000. Swiss RE Ltd. bought a new position in shares of DoorDash in the fourth quarter worth $28,000. Finally, ST Germain D J Co. Inc. acquired a new position in DoorDash in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Company Profile

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.