DoorDash (NASDAQ:DASH) Given New $223.00 Price Target at UBS Group

DoorDash (NASDAQ:DASH) had its target price boosted by stock analysts at UBS Group from $214.00 to $223.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 11.22% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Guggenheim reaffirmed a “buy” rating and issued a $255.00 target price on shares of DoorDash in a report on Tuesday, June 23rd. BTIG Research cut their price target on DoorDash from $280.00 to $225.00 and set a “buy” rating for the company in a report on Friday, June 12th. Weiss Ratings upgraded DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Wedbush initiated coverage on DoorDash in a research note on Thursday, July 16th. They issued a “neutral” rating and a $205.00 price objective on the stock. Finally, Citigroup reaffirmed a “market outperform” rating on shares of DoorDash in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $252.72.

DoorDash Stock Performance

DASH traded up $4.34 during trading on Monday, hitting $200.50. The company’s stock had a trading volume of 3,437,669 shares, compared to its average volume of 4,783,709. 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 has a one year low of $143.30 and a one year high of $285.50. The firm has a market cap of $87.36 billion, a PE ratio of 95.48 and a beta of 1.78. The business’s 50 day simple moving average is $175.61 and its 200-day simple moving average is $174.64.

DoorDash (NASDAQ:DASH) last issued 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. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter last year, the company posted $0.44 EPS. The company’s revenue was up 33.1% compared to the same quarter last year. As a group, sell-side analysts predict that DoorDash will post 2.39 EPS for the current fiscal year.

Insider Transactions at DoorDash

In related news, Director Andy Fang sold 5,000 shares of DoorDash stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $180.00, for a total transaction of $900,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 21,739 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.25, for a total value of $3,374,979.75. Following the completion of the transaction, the chief operating officer directly owned 959,076 shares in the company, valued at approximately $148,896,549. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 74,927 shares of company stock valued at $13,241,532. 5.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On DoorDash

Several institutional investors and hedge funds have recently modified their holdings of DASH. MV Capital Management Inc. purchased a new position in shares of DoorDash in the fourth quarter worth $26,000. Swiss RE Ltd. purchased a new position in DoorDash during the fourth quarter valued at $28,000. ST Germain D J Co. Inc. bought a new stake in DoorDash in the 4th quarter valued at $29,000. Kemnay Advisory Services Inc. purchased a new stake in DoorDash in the 4th quarter worth $32,000. Finally, Sunbelt Securities Inc. lifted its stake in DoorDash by 124.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

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.