Susquehanna Has Lowered Expectations for DoorDash (NASDAQ:DASH) Stock Price

DoorDash (NASDAQ:DASH) had its target price decreased by stock analysts at Susquehanna from $300.00 to $250.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s target price would suggest a potential upside of 22.36% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Mizuho set a $350.00 price target on shares of DoorDash and gave the company an “outperform” rating in a research report on Monday, September 29th. Truist Financial lifted their price objective on shares of DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group initiated coverage on shares of DoorDash in a report on Monday, October 27th. They set a “buy” rating and a $315.00 target price on the stock. Citigroup reaffirmed an “outperform” rating on shares of DoorDash in a report on Thursday, August 7th. Finally, BMO Capital Markets lifted their price target on DoorDash from $238.00 to $288.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.62.

DoorDash Stock Up 4.0%

DASH stock opened at $204.31 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.07 and a current ratio of 2.04. The company has a market capitalization of $87.28 billion, a price-to-earnings ratio of 103.71 and a beta of 1.70. DoorDash has a fifty-two week low of $155.40 and a fifty-two week high of $285.50. The stock has a fifty day moving average of $258.75 and a 200-day moving average of $237.66.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.35 billion. DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The company’s revenue was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. As a group, equities research analysts predict that DoorDash will post 2.22 earnings per share for the current year.

Insider Buying and Selling

In other DoorDash news, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $244.39, for a total value of $11,097,749.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Prabir Adarkar sold 24,968 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $272.32, for a total value of $6,799,285.76. Following the completion of the sale, the chief operating officer directly owned 909,579 shares in the company, valued at approximately $247,696,553.28. The trade was a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 876,527 shares of company stock valued at $218,129,954 in the last ninety days. 5.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DASH. Brighton Jones LLC lifted its position in DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after purchasing an additional 1,807 shares during the last quarter. OneDigital Investment Advisors LLC bought a new position in shares of DoorDash in the 1st quarter worth $361,000. Concurrent Investment Advisors LLC purchased a new stake in shares of DoorDash during the 1st quarter valued at $251,000. Envestnet Asset Management Inc. raised its position in shares of DoorDash by 14.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 105,272 shares of the company’s stock valued at $19,241,000 after buying an additional 13,260 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of DoorDash by 144.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 5,050 shares of the company’s stock worth $923,000 after acquiring an additional 2,988 shares during the last quarter. 90.64% of the stock is currently owned by 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.