Analysts Set DoorDash, Inc. (NASDAQ:DASH) PT at $207.21

DoorDash, Inc. (NASDAQ:DASH) has been given an average rating of “Moderate Buy” by the thirty-five research firms that are presently covering the firm, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation and twenty-five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $207.00.

A number of research analysts have issued reports on the company. Roth Mkm lifted their price objective on DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Mizuho lifted their price target on DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Bank of America cut their price objective on shares of DoorDash from $245.00 to $235.00 and set a “buy” rating on the stock in a research report on Monday. Wolfe Research raised their price objective on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, The Goldman Sachs Group upped their target price on shares of DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th.

DoorDash Stock Performance

Shares of NASDAQ DASH opened at $166.30 on Thursday. The company has a 50 day simple moving average of $191.57 and a two-hundred day simple moving average of $174.26. DoorDash has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The company has a market capitalization of $69.86 billion, a price-to-earnings ratio of 615.93 and a beta of 1.69.

Insider Transactions at DoorDash

In other DoorDash news, General Counsel Tia Sherringham sold 12,088 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the completion of the sale, the general counsel now directly owns 122,135 shares of the company’s stock, valued at $24,848,365.75. This trade represents a 9.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the sale, the director now owns 14,778 shares in the company, valued at approximately $3,006,584.10. The trade was a 8.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 258,523 shares of company stock valued at $47,227,120 over the last three months. Corporate insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Several institutional investors have recently bought and sold shares of DASH. Pittenger & Anderson Inc. bought a new position in shares of DoorDash during the 4th quarter valued at about $29,000. Denver PWM LLC bought a new position in DoorDash during the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC bought a new position in DoorDash during the fourth quarter valued at approximately $34,000. ORG Wealth Partners LLC purchased a new position in DoorDash during the 4th quarter valued at approximately $36,000. Finally, IFP Advisors Inc increased its stake in DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after acquiring an additional 54 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

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.