DoorDash (NASDAQ:DASH) Given New $180.00 Price Target at Jefferies Financial Group

DoorDash (NASDAQ:DASH) had its target price lifted by investment analysts at Jefferies Financial Group from $155.00 to $180.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 19.27% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. KeyCorp upgraded DoorDash from a “sector weight” rating to an “overweight” rating and set a $177.00 target price for the company in a research note on Wednesday, September 25th. Susquehanna increased their price target on DoorDash from $135.00 to $140.00 and gave the company a “positive” rating in a research note on Monday, August 5th. Argus assumed coverage on DoorDash in a research note on Tuesday, July 23rd. They issued a “hold” rating for the company. JMP Securities increased their price target on DoorDash from $145.00 to $160.00 and gave the company a “market outperform” rating in a research note on Monday, September 30th. Finally, Roth Mkm increased their price target on DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Ten analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $150.34.

DoorDash Price Performance

NASDAQ DASH opened at $150.92 on Tuesday. The business has a fifty day moving average price of $136.33 and a two-hundred day moving average price of $123.07. DoorDash has a fifty-two week low of $69.90 and a fifty-two week high of $154.16. The stock has a market capitalization of $61.71 billion, a PE ratio of -141.24, a PEG ratio of 425.82 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last released its 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). DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the company earned ($0.44) earnings per share. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. As a group, sell-side analysts expect that DoorDash will post 0.01 earnings per share for the current year.

Insider Activity

In other news, CFO Ravi Inukonda sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $106.64, for a total value of $746,480.00. Following the completion of the sale, the chief financial officer now directly owns 417,223 shares in the company, valued at $44,492,660.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Shona L. Brown sold 5,005 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $120.00, for a total value of $600,600.00. Following the transaction, the director now owns 65,186 shares of the company’s stock, valued at approximately $7,822,320. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ravi Inukonda sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $106.64, for a total transaction of $746,480.00. Following the completion of the transaction, the chief financial officer now directly owns 417,223 shares in the company, valued at approximately $44,492,660.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 390,710 shares of company stock worth $54,472,120 in the last three months. Company insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Several hedge funds have recently modified their holdings of DASH. Janus Henderson Group PLC raised its holdings in shares of DoorDash by 11,416.7% in the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after purchasing an additional 3,425,115 shares during the period. Dragoneer Investment Group LLC raised its holdings in shares of DoorDash by 77.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock worth $309,755,000 after purchasing an additional 1,246,567 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of DoorDash by 595.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 891,879 shares of the company’s stock worth $122,830,000 after purchasing an additional 763,579 shares during the period. Allspring Global Investments Holdings LLC grew its stake in DoorDash by 216.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock valued at $154,486,000 after buying an additional 739,961 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in DoorDash by 3,284.7% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company’s stock valued at $79,385,000 after buying an additional 708,218 shares in the last quarter. 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.