DoorDash (NASDAQ:DASH) Price Target Raised to $180.00 at Jefferies Financial Group

DoorDash (NASDAQ:DASH) had its price objective hoisted by Jefferies Financial Group from $155.00 to $180.00 in a report released on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

DASH has been the subject of a number of other reports. Wedbush reaffirmed a “neutral” rating and set a $115.00 price target on shares of DoorDash in a research report on Friday, August 2nd. Needham & Company LLC upped their price target on shares of DoorDash from $137.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Redburn Atlantic started coverage on shares of DoorDash in a research report on Friday, July 26th. They set a “buy” rating and a $170.00 price target for the company. BMO Capital Markets upped their price objective on shares of DoorDash from $127.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Raymond James began coverage on DoorDash in a research note on Tuesday, September 24th. They set an “outperform” rating and a $155.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.00.

DoorDash Stock Up 0.5 %

DASH stock opened at $153.88 on Tuesday. The company has a market cap of $62.92 billion, a price-to-earnings ratio of -142.48, a PEG ratio of 425.82 and a beta of 1.70. The business has a fifty day simple moving average of $137.76 and a 200-day simple moving average of $123.59. DoorDash has a 52 week low of $69.90 and a 52 week high of $155.29.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the company posted ($0.44) earnings per share. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. As a group, analysts expect that DoorDash will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $130.20, for a total value of $6,510,000.00. Following the sale, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other DoorDash news, COO Prabir Adarkar sold 32,124 shares of DoorDash stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the sale, the chief operating officer now owns 963,094 shares of the company’s stock, valued at $142,528,281.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the sale, the director now directly owns 18,089 shares in the company, valued at $2,355,187.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 390,710 shares of company stock valued at $54,472,120. Insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Several hedge funds have recently added to or reduced their stakes in DASH. Janus Henderson Group PLC raised its stake in 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 acquiring an additional 3,425,115 shares in the last quarter. Dragoneer Investment Group LLC raised its stake in DoorDash by 77.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after acquiring an additional 1,246,567 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in DoorDash by 595.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 891,879 shares of the company’s stock valued at $122,830,000 after acquiring an additional 763,579 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in DoorDash by 216.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock valued at $154,486,000 after acquiring an additional 739,961 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in shares of DoorDash by 3,284.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company’s stock valued at $79,385,000 after purchasing an additional 708,218 shares during the period. Institutional investors own 90.64% of the company’s stock.

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.