DoorDash (NASDAQ:DASH) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of DoorDash (NASDAQ:DASH) in a research report released on Thursday,Benzinga reports. They currently have a $265.00 price target on the stock.

A number of other equities analysts also recently commented on the stock. Citizens Jmp reduced their price objective on shares of DoorDash from $285.00 to $250.00 and set a “market outperform” rating for the company in a research note on Friday, February 20th. Piper Sandler reissued a “neutral” rating and issued a $220.00 price objective (down from $230.00) on shares of DoorDash in a research note on Thursday, February 19th. DA Davidson reduced their price objective on shares of DoorDash from $260.00 to $224.00 and set a “neutral” rating for the company in a research note on Thursday, February 19th. Zacks Research downgraded shares of DoorDash from a “hold” rating to a “strong sell” rating in a research note on Monday, April 13th. Finally, BNP Paribas Exane started coverage on shares of DoorDash in a report on Wednesday, January 14th. They issued an “outperform” rating and a $280.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $257.86.

DoorDash Stock Down 4.2%

NASDAQ:DASH traded down $7.27 during trading hours on Thursday, reaching $164.08. The company’s stock had a trading volume of 3,066,446 shares, compared to its average volume of 4,875,092. The company has a market capitalization of $71.28 billion, a P/E ratio of 78.58 and a beta of 1.87. DoorDash has a 12 month low of $143.30 and a 12 month high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a 50 day moving average price of $167.01 and a two-hundred day moving average price of $197.00.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.76%. DoorDash’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Equities analysts predict that DoorDash will post 2.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Prabir Adarkar sold 10,000 shares of the company’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $188.34, for a total value of $1,883,400.00. Following the transaction, the chief operating officer directly owned 843,678 shares of the company’s stock, valued at $158,898,314.52. This represents a 1.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 1,250 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $176.61, for a total value of $220,762.50. Following the completion of the transaction, the director directly owned 31,002 shares in the company, valued at approximately $5,475,263.22. The trade was a 3.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 43,933 shares of company stock valued at $7,135,413. 5.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DoorDash

Several hedge funds have recently made changes to their positions in DASH. Physician Wealth Advisors Inc. increased its position in shares of DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares during the period. Eastern Bank increased its position in shares of DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares during the period. MV Capital Management Inc. acquired a new position in shares of DoorDash in the 4th quarter valued at $26,000. Swiss RE Ltd. acquired a new position in shares of DoorDash in the 4th quarter valued at $28,000. Finally, ST Germain D J Co. Inc. acquired a new position in shares of DoorDash in the 4th quarter valued at $29,000. 90.64% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Q1 beat on profit and record membership/MAU growth — DoorDash reported adjusted EPS above estimates and highlighted record membership sign‑ups and higher consumer engagement, which helped spark the post‑earnings rally. Article Title
• Positive Sentiment: Stronger-than-expected Q2 order forecast — management guided marketplace gross order value (or order growth) above Street estimates, helping fuel optimism about demand across food, grocery and international expansion. Article Title
• Positive Sentiment: Analysts largely supportive — multiple firms reaffirmed buys or raised targets (Needham, BTIG, UBS, Wells Fargo) and the brokerage consensus is skewed toward a moderate buy, providing analyst support for the stock. Article Title
• Neutral Sentiment: Grocery & product improvements driving marketplace growth — management highlighted grocery expansion as a key growth driver and AI/internal productivity gains as strategic positives for longer‑term unit economics. Article Title
• Neutral Sentiment: CEO comments on AI: efficiency gains noted but limited workforce change so far — a tech tailwind, but not an immediate earnings lever. Article Title
• Negative Sentiment: Driver gas relief and related costs are meaningful — DoorDash announced about $50M in immediate gas relief and has signaled ~ $100M of gas‑related costs in H1, which management says will weigh on margins and force some delayed investments. That pressure helps explain profit/margin concerns despite the EPS beat. Article Title
• Negative Sentiment: Revenue missed estimates and margins narrowed — Q1 revenue came in below consensus and cost of revenue plus higher sales/marketing and R&D pushed profit down year‑over‑year on a GAAP basis, a near‑term headwind for sentiment. Article Title
• Negative Sentiment: Some price‑target trims after the print — Susquehanna lowered its target (from $250 to $225) even while keeping a positive rating, signaling divergent analyst views that can add volatility. Article Title

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.