Deutsche Bank Aktiengesellschaft Increases DoorDash (NASDAQ:DASH) Price Target to $155.00

DoorDash (NASDAQ:DASH) had its target price hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from $140.00 to $155.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 18.41% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Wedbush increased their price target on DoorDash from $92.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, February 16th. Jefferies Financial Group upgraded DoorDash from a “hold” rating to a “buy” rating and increased their price target for the stock from $90.00 to $130.00 in a report on Monday, January 8th. Needham & Company LLC restated a “buy” rating and issued a $133.00 price target on shares of DoorDash in a report on Tuesday, February 6th. Benchmark assumed coverage on DoorDash in a report on Thursday, April 4th. They set a “buy” rating and a $165.00 price objective for the company. Finally, Morgan Stanley upgraded DoorDash from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $135.00 to $145.00 in a report on Thursday, February 22nd. Nine investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.88.

DoorDash Trading Down 2.2 %

NASDAQ:DASH opened at $130.90 on Tuesday. DoorDash has a 1-year low of $56.59 and a 1-year high of $143.34. The business’s 50-day moving average price is $129.98 and its two-hundred day moving average price is $106.26. The firm has a market capitalization of $52.88 billion, a price-to-earnings ratio of -91.54, a PEG ratio of 15.58 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter last year, the company earned ($0.63) earnings per share. The firm’s revenue was up 26.7% compared to the same quarter last year. Sell-side analysts predict that DoorDash will post 0.2 earnings per share for the current year.

Insider Activity

In other DoorDash news, CFO Ravi Inukonda sold 5,000 shares of DoorDash stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $109.73, for a total transaction of $548,650.00. Following the transaction, the chief financial officer now directly owns 414,738 shares of the company’s stock, valued at approximately $45,509,200.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Andy Fang sold 67,000 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $110.57, for a total value of $7,408,190.00. Following the transaction, the director now directly owns 40,969 shares of the company’s stock, valued at approximately $4,529,942.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ravi Inukonda sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $109.73, for a total value of $548,650.00. Following the completion of the transaction, the chief financial officer now directly owns 414,738 shares in the company, valued at $45,509,200.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 364,982 shares of company stock worth $47,221,669. Insiders own 9.59% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DASH. Fifth Third Bancorp boosted its holdings in DoorDash by 448.8% in the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after acquiring an additional 359 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in DoorDash by 361.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after acquiring an additional 307 shares in the last quarter. Covestor Ltd boosted its holdings in DoorDash by 101.2% in the third quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after acquiring an additional 253 shares in the last quarter. Valley National Advisers Inc. bought a new position in DoorDash in the fourth quarter worth approximately $43,000. Finally, SJS Investment Consulting Inc. boosted its holdings in DoorDash by 26.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after acquiring an additional 98 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Company Profile

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.