DoorDash (NASDAQ:DASH) Research Coverage Started at FBN Securities

FBN Securities began coverage on shares of DoorDash (NASDAQ:DASH) in a research report released on Friday, MarketBeat Ratings reports. The firm issued an outperform rating and a $230.00 price objective on the stock.

Several other equities research analysts have also recently commented on the company. Mizuho lifted their target price on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. UBS Group lifted their target price on DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Morgan Stanley upped their price target on shares of DoorDash from $160.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, January 13th. JMP Securities reiterated a “market outperform” rating and set a $200.00 price objective on shares of DoorDash in a report on Thursday, February 6th. Finally, Truist Financial lifted their price target on shares of DoorDash from $217.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Ten research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, DoorDash has an average rating of “Moderate Buy” and an average price target of $207.21.

DoorDash Price Performance

Shares of DoorDash stock opened at $182.61 on Friday. The company’s fifty day moving average price is $192.00 and its two-hundred day moving average price is $172.39. The firm has a market capitalization of $76.71 billion, a PE ratio of 676.33 and a beta of 1.70. DoorDash has a 52-week low of $99.32 and a 52-week high of $215.25.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 1,398 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the sale, the director now owns 14,778 shares in the company, valued at $3,006,584.10. This represents a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ravi Inukonda sold 15,198 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $204.11, for a total value of $3,102,063.78. Following the completion of the transaction, the chief financial officer now directly owns 351,970 shares in the company, valued at approximately $71,840,596.70. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 351,445 shares of company stock worth $62,258,130 over the last three months. 7.92% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DoorDash

Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Trust N.A. purchased a new stake in DoorDash in the 3rd quarter worth about $216,000. Townsquare Capital LLC boosted its stake in DoorDash by 129.6% in the third quarter. Townsquare Capital LLC now owns 5,640 shares of the company’s stock worth $805,000 after buying an additional 3,184 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of DoorDash by 108.7% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 73,117 shares of the company’s stock valued at $10,436,000 after purchasing an additional 38,076 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of DoorDash by 10.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,715,539 shares of the company’s stock worth $244,859,000 after buying an additional 159,449 shares during the period. Finally, Vinva Investment Management Ltd increased its stake in DoorDash by 2.9% in the 3rd quarter. Vinva Investment Management Ltd now owns 13,628 shares of the company’s stock worth $1,938,000 after purchasing an additional 383 shares during the period. Institutional investors 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.