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

Shares of DoorDash, Inc. (NASDAQ:DASH) have been assigned an average recommendation of “Moderate Buy” from the thirty-six research firms that are presently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, twenty-five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $259.5833.

Several research analysts have weighed in on DASH shares. Susquehanna lowered their price target on DoorDash from $250.00 to $225.00 and set a “positive” rating on the stock in a research report on Friday, May 8th. Weiss Ratings raised DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. KeyCorp boosted their price target on DoorDash from $275.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Wells Fargo & Company boosted their price target on DoorDash from $198.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group set a $280.00 price target on DoorDash in a research report on Thursday, May 7th.

Insiders Place Their Bets

In related news, insider Keith Yandell sold 2,643 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total transaction of $410,563.62. Following the transaction, the insider directly owned 81,106 shares of the company’s stock, valued at approximately $12,599,006.04. The trade was a 3.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total value of $3,214,950.00. Following the transaction, the director directly owned 19,279 shares in the company, valued at $2,891,850. The trade was 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. Insiders sold a total of 68,558 shares of company stock valued at $10,914,640 over the last 90 days. 5.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Premier Path Wealth Partners LLC increased its holdings in shares of DoorDash by 1.9% during the 3rd quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock worth $657,000 after acquiring an additional 45 shares during the last quarter. Callan Family Office LLC increased its holdings in shares of DoorDash by 0.8% during the 3rd quarter. Callan Family Office LLC now owns 6,123 shares of the company’s stock worth $1,665,000 after acquiring an additional 51 shares during the last quarter. Keel Point LLC increased its holdings in shares of DoorDash by 4.3% during the 3rd quarter. Keel Point LLC now owns 1,393 shares of the company’s stock worth $379,000 after acquiring an additional 58 shares during the last quarter. Petra Financial Advisors Inc. increased its holdings in shares of DoorDash by 2.2% during the 3rd quarter. Petra Financial Advisors Inc. now owns 2,764 shares of the company’s stock worth $752,000 after acquiring an additional 59 shares during the last quarter. Finally, CYBER HORNET ETFs LLC grew its holdings in DoorDash by 6.5% in the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock valued at $222,000 after buying an additional 60 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Stock Down 2.7%

NASDAQ:DASH opened at $152.49 on Tuesday. The firm has a market capitalization of $66.44 billion, a price-to-earnings ratio of 72.61 and a beta of 1.83. DoorDash has a twelve month low of $143.30 and a twelve month high of $285.50. The stock’s 50 day moving average price is $162.41 and its two-hundred day moving average price is $185.25. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The business’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. Equities research analysts expect that DoorDash will post 2.45 earnings per share for the current fiscal year.

About DoorDash

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.