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

Shares of DoorDash, Inc. (NASDAQ:DASH) have been given a consensus recommendation of “Moderate Buy” by the twenty-three brokerages that are covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $128.88.

A number of research analysts recently commented on the company. UBS Group cut their target price on DoorDash from $123.00 to $118.00 and set a “neutral” rating for the company in a research note on Friday, February 16th. Benchmark began coverage on shares of DoorDash in a research note on Thursday, April 4th. They set a “buy” rating and a $165.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets increased their target price on DoorDash from $120.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, The Goldman Sachs Group increased their price objective on DoorDash from $109.00 to $122.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th.

Insider Transactions at DoorDash

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

Hedge Funds Weigh In On DoorDash

Institutional investors and hedge funds have recently made changes to their positions in the company. Versor Investments LP acquired a new position in DoorDash in the third quarter valued at about $556,000. Assenagon Asset Management S.A. raised its position in DoorDash by 1,725.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock valued at $110,082,000 after buying an additional 1,052,198 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in DoorDash during the 4th quarter worth approximately $769,000. Angeles Investment Advisors LLC acquired a new position in DoorDash during the 3rd quarter worth approximately $336,000. Finally, Bank of Nova Scotia grew its stake in shares of DoorDash by 685.9% during the 3rd quarter. Bank of Nova Scotia now owns 46,751 shares of the company’s stock worth $3,715,000 after acquiring an additional 40,802 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Stock Down 2.2 %

Shares of DASH stock opened at $130.90 on Thursday. The stock has a 50 day moving average of $129.98 and a 200-day moving average of $106.26. The firm has a market cap of $52.88 billion, a PE ratio of -91.54, a price-to-earnings-growth ratio of 15.58 and a beta of 1.79. DoorDash has a 12 month low of $56.59 and a 12 month high of $143.34.

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

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.