DoorDash, Inc. (NASDAQ:DASH) Given Average Rating of “Moderate Buy” by Analysts

Shares of DoorDash, Inc. (NASDAQ:DASH) have been given an average rating of “Moderate Buy” by the thirty-one analysts that are currently covering the firm, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $143.00.

Several equities research analysts recently issued reports on DASH shares. JPMorgan Chase & Co. lifted their price target on shares of DoorDash from $111.00 to $137.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Piper Sandler reiterated a “neutral” rating and set a $125.00 price target (up from $115.00) on shares of DoorDash in a report on Friday, August 2nd. Needham & Company LLC raised their price objective on DoorDash from $137.00 to $145.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Argus started coverage on DoorDash in a report on Tuesday, July 23rd. They issued a “hold” rating for the company. Finally, Oppenheimer lifted their price target on DoorDash from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd.

Insider Transactions at DoorDash

In related news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the transaction, the director now directly owns 18,089 shares in the company, valued at approximately $2,355,187.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the sale, the director now directly owns 18,089 shares in the company, valued at $2,355,187.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Shona L. Brown sold 1,712 shares of the stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $110.97, for a total transaction of $189,980.64. Following the completion of the sale, the director now directly owns 70,191 shares in the company, valued at $7,789,095.27. The disclosure for this sale can be found here. Insiders sold 304,769 shares of company stock worth $34,760,113 over the last quarter. Corporate insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently modified their holdings of DASH. Brighton Jones LLC grew its holdings in shares of DoorDash by 0.8% during the second quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock worth $1,122,000 after purchasing an additional 82 shares in the last quarter. Everhart Financial Group Inc. grew its stake in DoorDash by 3.1% in the 2nd quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock worth $355,000 after buying an additional 99 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in DoorDash by 1.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock worth $647,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of DoorDash by 17.2% in the 1st quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $101,000 after buying an additional 108 shares during the last quarter. Finally, E Fund Management Co. Ltd. raised its position in shares of DoorDash by 3.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock valued at $355,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of DASH stock opened at $139.72 on Friday. The company has a fifty day moving average price of $121.37 and a two-hundred day moving average price of $121.58. DoorDash has a one year low of $69.90 and a one year high of $143.34. The stock has a market cap of $57.13 billion, a P/E ratio of -129.37, a P/E/G ratio of 275.59 and a beta of 1.69.

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

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.