DoorDash (NASDAQ:DASH) Price Target Raised to $235.00

DoorDash (NASDAQ:DASH) had its target price raised by Oppenheimer from $180.00 to $235.00 in a research report report published on Wednesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

DASH has been the topic of several other research reports. Wells Fargo & Company raised their price objective on DoorDash from $166.00 to $198.00 and gave the company an “equal weight” rating in a report on Wednesday. JMP Securities reissued a “market outperform” rating and set a $200.00 price objective on shares of DoorDash in a report on Thursday, February 6th. UBS Group raised their price objective on DoorDash from $182.00 to $200.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. BMO Capital Markets reissued an “outperform” rating and set a $240.00 price objective (up previously from $180.00) on shares of DoorDash in a report on Wednesday. Finally, Argus raised DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $205.45.

DoorDash Stock Performance

Shares of DASH stock opened at $213.38 on Wednesday. DoorDash has a fifty-two week low of $99.32 and a fifty-two week high of $214.64. The company has a market cap of $88.64 billion, a PE ratio of -474.18, a P/E/G ratio of 2.04 and a beta of 1.72. The stock’s fifty day moving average price is $179.29 and its two-hundred day moving average price is $157.46.

Insider Buying and Selling at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the completion of the transaction, the chief operating officer now owns 925,222 shares in the company, valued at approximately $167,307,894.26. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the transaction, the chief financial officer now owns 366,993 shares of the company’s stock, valued at $67,233,117.60. This trade represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 932,426 shares of company stock worth $162,990,678. Insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Hedge funds have recently added to or reduced their stakes in the stock. GeoWealth Management LLC boosted its stake in shares of DoorDash by 3.7% in the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock worth $240,000 after buying an additional 51 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after buying an additional 54 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of DoorDash by 34.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock worth $46,000 after buying an additional 69 shares during the last quarter. Avestar Capital LLC boosted its stake in shares of DoorDash by 1.1% in the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock worth $1,110,000 after buying an additional 75 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of DoorDash by 0.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock worth $1,970,000 after buying an additional 84 shares during the last quarter. Institutional investors and hedge funds 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.