DoorDash (NASDAQ:DASH) PT Raised to $145.00

DoorDash (NASDAQ:DASH) had its price objective upped by JMP Securities from $140.00 to $145.00 in a report published on Friday, Benzinga reports. They currently have a market outperform rating on the stock.

Several other equities analysts have also recently weighed in on the company. KeyCorp assumed coverage on DoorDash in a research note on Thursday, July 11th. They set a sector weight rating on the stock. Royal Bank of Canada decreased their target price on shares of DoorDash from $175.00 to $165.00 and set an outperform rating for the company in a research note on Thursday, May 2nd. JPMorgan Chase & Co. lifted their price objective on DoorDash from $111.00 to $137.00 and gave the stock a neutral rating in a report on Friday. BMO Capital Markets lifted their price objective on DoorDash from $127.00 to $140.00 and gave the company an outperform rating in a research report on Friday. Finally, Roth Mkm cut their price target on DoorDash from $121.00 to $118.00 and set a neutral rating for the company in a research note on Thursday, May 2nd. Eleven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $141.93.

DoorDash Stock Performance

Shares of DASH traded up $2.21 during trading hours on Friday, reaching $123.51. The stock had a trading volume of 3,575,890 shares, compared to its average volume of 4,106,771. The stock has a market capitalization of $50.50 billion, a PE ratio of -112.54, a PEG ratio of 40.25 and a beta of 1.67. DoorDash has a 12 month low of $69.90 and a 12 month high of $143.34. The company’s 50-day moving average is $109.52 and its two-hundred day moving average is $118.57.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). DoorDash had a negative return on equity of 6.00% and a negative net margin of 4.24%. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the firm earned ($0.44) earnings per share. DoorDash’s revenue was up 23.3% compared to the same quarter last year. Equities analysts anticipate that DoorDash will post 0.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $113.40, for a total transaction of $5,670,000.00. Following the completion of the sale, the director now owns 39,275 shares in the company, valued at approximately $4,453,785. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Keith Yandell sold 12,088 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $111.84, for a total value of $1,351,921.92. Following the transaction, the insider now owns 161,651 shares of the company’s stock, valued at approximately $18,079,047.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $113.40, for a total transaction of $5,670,000.00. Following the transaction, the director now owns 39,275 shares of the company’s stock, valued at approximately $4,453,785. The disclosure for this sale can be found here. Insiders sold 459,016 shares of company stock worth $50,325,396 over the last ninety days. 7.92% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in shares of DoorDash by 11,416.7% during the 1st quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after buying an additional 3,425,115 shares during the period. Norges Bank purchased a new position in DoorDash in the fourth quarter valued at about $264,806,000. Vanguard Group Inc. grew its stake in shares of DoorDash by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock worth $2,897,823,000 after acquiring an additional 2,259,976 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of DoorDash by 294.5% in the fourth quarter. Franklin Resources Inc. now owns 1,607,776 shares of the company’s stock worth $158,993,000 after acquiring an additional 1,200,181 shares during the period. Finally, Los Angeles Capital Management LLC raised its position in shares of DoorDash by 40,319.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,039,592 shares of the company’s stock worth $102,805,000 after acquiring an additional 1,037,020 shares during the period. Institutional investors own 90.64% of the company’s stock.

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.