Zacks Research Upgrades DoorDash (NASDAQ:DASH) to Hold

DoorDash (NASDAQ:DASH) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

DASH has been the subject of a number of other research reports. UBS Group upped their price objective on shares of DoorDash from $223.00 to $225.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Roth Capital lifted their target price on DoorDash from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Rothschild & Co Redburn set a $350.00 price target on DoorDash in a research note on Tuesday, May 12th. BTIG Research reaffirmed a “buy” rating and issued a $225.00 price target on shares of DoorDash in a report on Thursday, August 6th. Finally, Bank of America reiterated a “buy” rating on shares of DoorDash in a research report on Thursday, August 6th. Twenty-three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $254.09.

DoorDash Trading Up 1.7%

Shares of DASH stock opened at $216.35 on Monday. DoorDash has a 1 year low of $143.30 and a 1 year high of $285.50. The firm’s fifty day simple moving average is $188.55 and its 200 day simple moving average is $174.89. The firm has a market capitalization of $93.74 billion, a P/E ratio of 113.27 and a beta of 1.78. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The company had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a net margin of 5.29% and a return on equity of 8.48%. DoorDash’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. As a group, sell-side analysts predict that DoorDash will post 2.47 EPS for the current year.

Insiders Place Their Bets

In other news, Director Stanley Tang sold 67,693 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $200.63, for a total transaction of $13,581,246.59. Following the sale, the director directly owned 40,218 shares of the company’s stock, valued at $8,068,937.34. This represents a 62.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 21,739 shares of the stock in a transaction on Tuesday, May 26th. The shares were 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 owned 959,076 shares in the company, valued at $148,896,549. The trade was a 2.22% 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 142,620 shares of company stock worth $26,822,778 over the last ninety days. 5.28% of the stock is owned by insiders.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in DoorDash by 24.0% in the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after buying an additional 1,807 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of DoorDash by 21.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after buying an additional 303 shares during the period. Empowered Funds LLC grew its position in shares of DoorDash by 3.6% during the 1st quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after buying an additional 285 shares during the period. Sivia Capital Partners LLC increased its stake in shares of DoorDash by 92.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock valued at $1,049,000 after acquiring an additional 2,049 shares during the last quarter. Finally, Baird Financial Group Inc. bought a new stake in shares of DoorDash in the 2nd quarter valued at about $222,000. Institutional investors own 90.64% of the company’s stock.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Expanded retail partnerships broaden DoorDash’s addressable market. DoorDash is making back-to-school shopping available through Barnes & Noble, Carter’s and Kohl’s, while Australia’s BIG W is launching same-day delivery through the platform. These deals could increase order frequency and diversify revenue beyond restaurant delivery. DoorDash Makes Back-to-School Shopping Easier with Barnes & Noble, Carter’s, and Kohl’s BIG W launches same-day delivery through DoorDash partnership
• Positive Sentiment: DoorDash is expanding into video-game commerce. The company has begun selling video games, apparently using pickup or retailer fulfillment rather than delivering the products directly. The initiative is strategically positive because it extends DoorDash’s marketplace into another high-demand retail category, though the near-term financial impact is likely limited. DoorDash starts selling video games but won’t drop them at your door
• Positive Sentiment: Autonomous delivery could improve long-term operating efficiency. DoorDash and Grubhub are taking delivery robots previously unwanted by Uber, and DoorDash’s robotics partnerships are expanding. Wider robot deployment could eventually reduce delivery costs and support higher order volumes, although the articles provide no timeline or quantified savings. Grubhub and DoorDash are taking the delivery robots Uber didn’t want
• Neutral Sentiment: Reports that DoorDash and Uber Eats will avoid raising prices after delivery-worker minimum wages were locked in may help preserve customer demand, but could constrain margins if labor costs rise. UberEats and DoorDash to avoid increasing prices
• Negative Sentiment: A wrongful-death lawsuit connected to a customer killed while picking up a DoorDash order creates some reputational and potential legal overhang, although the reported claims target the alleged shooter and Popeyes rather than clearly identifying DoorDash as a defendant. Mother of man killed while picking up DoorDash order sues Popeyes and alleged shooter

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.