Analysts Set DoorDash, Inc. (NASDAQ:DASH) PT at $259.58

DoorDash, Inc. (NASDAQ:DASH) has been given an average recommendation of “Moderate Buy” by the thirty-six brokerages that are presently covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, twenty-five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $259.5833.

Several research analysts have recently weighed in on DASH shares. Sanford C. Bernstein decreased their price target on shares of DoorDash from $285.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Evercore set a $300.00 target price on shares of DoorDash in a research report on Thursday, February 19th. Zacks Research upgraded shares of DoorDash from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. DA Davidson cut their target price on shares of DoorDash from $224.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Finally, Rothschild & Co Redburn set a $350.00 target price on shares of DoorDash in a research report on Tuesday, May 12th.

Insider Buying and Selling

In related news, insider Keith Yandell sold 2,643 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total value of $410,563.62. Following the completion of the transaction, the insider directly owned 81,106 shares in the company, valued at approximately $12,599,006.04. The trade was a 3.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock was sold at an average price of $176.61, for a total transaction of $220,762.50. Following the completion of the transaction, the director owned 31,002 shares of the company’s stock, valued at $5,475,263.22. This trade represents a 3.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 69,808 shares of company stock valued at $11,135,403 in the last three months. 5.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DASH. Physician Wealth Advisors Inc. boosted its position in DoorDash by 284.0% during the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after buying an additional 71 shares during the period. Eastern Bank boosted its position in DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. MV Capital Management Inc. purchased a new stake in DoorDash during the fourth quarter valued at about $26,000. Swiss RE Ltd. purchased a new stake in DoorDash during the fourth quarter valued at about $28,000. Finally, ST Germain D J Co. Inc. purchased a new stake in DoorDash during the fourth quarter valued at about $29,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Trading Up 3.6%

DoorDash stock opened at $160.07 on Tuesday. The stock has a market cap of $69.75 billion, a P/E ratio of 76.22 and a beta of 1.83. DoorDash has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The firm’s fifty day moving average price is $162.32 and its 200-day moving average price is $186.05. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Equities research analysts forecast that DoorDash will post 2.45 earnings per share for the current fiscal year.

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.