DoorDash, Inc. (NASDAQ:DASH) Given Average Recommendation of “Moderate Buy” by Analysts

DoorDash, Inc. (NASDAQ:DASH) has received a consensus recommendation of “Moderate Buy” from the thirty-three ratings firms that are covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and twenty-three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $254.5294.

Several equities research analysts have weighed in on the stock. Wedbush raised their target price on shares of DoorDash from $205.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group increased their price objective on DoorDash from $223.00 to $225.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. KeyCorp lowered their price objective on DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Wells Fargo & Company upped their target price on DoorDash from $199.00 to $225.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Finally, Truist Financial increased their price target on DoorDash from $330.00 to $336.00 and gave the company a “buy” rating in a research note on Thursday, August 6th.

Insider Activity at DoorDash

In related news, Director Stanley Tang sold 67,693 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $200.63, for a total value of $13,581,246.59. Following the transaction, the director directly owned 40,218 shares of the company’s stock, valued at $8,068,937.34. This represents a 62.73% 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 Andy Fang sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $180.00, for a total value of $900,000.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 139,877 shares of company stock worth $26,381,731 in the last 90 days. 5.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. CYBER HORNET ETFs LLC lifted its holdings in DoorDash by 6.5% in the 4th quarter. CYBER HORNET ETFs LLC now owns 979 shares of the company’s stock valued at $222,000 after purchasing an additional 60 shares in the last quarter. Vise Technologies Inc. raised its holdings in shares of DoorDash by 1.8% during the 4th quarter. Vise Technologies Inc. now owns 3,517 shares of the company’s stock valued at $796,000 after buying an additional 63 shares during the period. Sunbelt Securities Inc. grew its holdings in DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares in the last quarter. AXS Investments LLC grew its stake in shares of DoorDash by 1.3% during the fourth quarter. AXS Investments LLC now owns 5,438 shares of the company’s stock valued at $1,232,000 after acquiring an additional 69 shares in the last quarter. Finally, Mutual Advisors LLC increased its holdings in DoorDash by 3.1% during the 4th quarter. Mutual Advisors LLC now owns 2,371 shares of the company’s stock worth $537,000 after purchasing an additional 71 shares during the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

DoorDash Trading Up 1.0%

Shares of NASDAQ DASH opened at $222.36 on Friday. DoorDash has a 1-year low of $143.30 and a 1-year high of $285.50. The business has a fifty day moving average price of $191.29 and a 200 day moving average price of $175.10. The stock has a market capitalization of $96.35 billion, a P/E ratio of 116.42 and a beta of 1.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. Equities research analysts expect that DoorDash will post 2.44 EPS for the current fiscal year.

About DoorDash

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.