DoorDash (NASDAQ:DASH) Price Target Raised to $225.00

DoorDash (NASDAQ:DASH) had its price target raised by KeyCorp from $180.00 to $225.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on DASH. Barclays increased their price objective on DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Jefferies Financial Group increased their price objective on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on DoorDash from $127.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, October 4th. JMP Securities reaffirmed a “market outperform” rating and issued a $200.00 target price on shares of DoorDash in a research report on Thursday, January 2nd. Finally, Mizuho raised their target price on DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $172.79.

DoorDash Stock Performance

NASDAQ:DASH opened at $170.12 on Thursday. The stock’s 50 day moving average price is $173.09 and its 200 day moving average price is $143.84. DoorDash has a 52 week low of $99.32 and a 52 week high of $181.78. The company has a market capitalization of $70.67 billion, a P/E ratio of -378.04, a P/E/G ratio of 13.56 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the company posted ($0.19) earnings per share. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, sell-side analysts forecast that DoorDash will post 0.26 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Keith Yandell sold 7,980 shares of DoorDash stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the transaction, the insider now owns 124,221 shares in the company, valued at $21,115,085.58. The trade was a 6.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stanley Tang sold 1,855 shares of DoorDash stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $315,312.90. Following the transaction, the director now owns 35,413 shares in the company, valued at $6,019,501.74. This trade represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,032,694 shares of company stock worth $175,964,786 in the last 90 days. Corporate insiders own 7.92% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Several institutional investors have recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in DoorDash by 0.8% in the 2nd 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 in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in DoorDash by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after acquiring an additional 84 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in DoorDash by 1.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,966 shares of the company’s stock valued at $1,169,000 after acquiring an additional 91 shares in the last quarter. E Fund Management Co. Ltd. lifted its stake in DoorDash by 3.5% in the 2nd 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 in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in DoorDash by 39.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock valued at $61,000 after acquiring an additional 119 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

About DoorDash

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.