Brokerages Set DoorDash, Inc. (NASDAQ:DASH) PT at $146.91

DoorDash, Inc. (NASDAQ:DASH) has been given an average recommendation of “Moderate Buy” by the thirty-three research firms that are currently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and twenty-three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $146.91.

Several analysts have recently issued reports on DASH shares. BTIG Research raised shares of DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Thursday, September 19th. Roth Mkm boosted their price target on shares of DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Evercore ISI upped their price objective on shares of DoorDash from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods raised shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price target for the company in a research report on Wednesday, September 25th. Finally, Truist Financial increased their price target on shares of DoorDash from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 2nd.

DoorDash Stock Up 3.4 %

Shares of NASDAQ DASH opened at $149.44 on Thursday. DoorDash has a twelve month low of $69.90 and a twelve month high of $150.00. The firm has a fifty day simple moving average of $132.50 and a 200 day simple moving average of $122.53. The company has a market capitalization of $61.50 billion, a PE ratio of -146.51, a P/E/G ratio of 425.82 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period last year, the firm posted ($0.44) earnings per share. As a group, equities analysts expect that DoorDash will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $104.96, for a total transaction of $5,685,263.36. The sale was disclosed in a document filed with the SEC, which is available at this link. In other DoorDash news, Director Shona L. Brown sold 5,005 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $120.00, for a total value of $600,600.00. Following the sale, the director now owns 65,186 shares of the company’s stock, valued at approximately $7,822,320. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $104.96, for a total value of $5,685,263.36. The disclosure for this sale can be found here. Insiders have sold 231,503 shares of company stock valued at $28,709,563 over the last quarter. Company insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Several large investors have recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of DoorDash by 0.8% during the second quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock valued at $1,122,000 after acquiring an additional 82 shares during the last quarter. Everhart Financial Group Inc. boosted its stake in shares of DoorDash by 3.1% during the second quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock valued at $355,000 after acquiring an additional 99 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of DoorDash by 17.2% during the first quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock valued at $101,000 after acquiring an additional 108 shares during the last quarter. E Fund Management Co. Ltd. boosted its stake in shares of DoorDash by 3.5% during the second quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock valued at $355,000 after acquiring an additional 111 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in shares of DoorDash by 21.0% during the second quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock valued at $73,000 after acquiring an additional 117 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.