DoorDash (NASDAQ:DASH) Raised to Outperform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of DoorDash (NASDAQ:DASH) from a market perform rating to an outperform rating in a report issued on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has $177.00 price target on the stock.

A number of other analysts also recently commented on DASH. Raymond James started coverage on shares of DoorDash in a report on Tuesday. They issued an outperform rating and a $155.00 target price on the stock. Argus initiated coverage on shares of DoorDash in a report on Tuesday, July 23rd. They set a hold rating on the stock. 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 note on Friday, August 2nd. Truist Financial boosted their target price on shares of DoorDash from $145.00 to $150.00 and gave the stock a buy rating in a research report on Friday, August 2nd. Finally, Susquehanna raised their price target on shares of DoorDash from $135.00 to $140.00 and gave the stock a positive rating in a research report on Monday, August 5th. Ten analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $145.97.

DoorDash Trading Down 0.6 %

Shares of NASDAQ:DASH opened at $142.23 on Wednesday. The company has a 50 day moving average of $125.10 and a 200-day moving average of $121.95. The firm has a market cap of $58.53 billion, a P/E ratio of -131.69, a P/E/G ratio of 295.70 and a beta of 1.69. DoorDash has a twelve month low of $69.90 and a twelve month high of $146.36.

DoorDash (NASDAQ:DASH) last released its earnings results 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 5.91% and a negative net margin of 4.24%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the firm earned ($0.44) earnings per share. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. Equities research analysts forecast that DoorDash will post 0.01 EPS for the current year.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $107.75, for a total value of $5,836,386.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other DoorDash news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred 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 transaction, the director now owns 18,089 shares of the company’s stock, valued at $2,355,187.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tony Xu sold 54,166 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $107.75, for a total transaction of $5,836,386.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 350,223 shares of company stock worth $41,391,523. 7.92% of the stock is currently owned by company insiders.

Institutional Trading of DoorDash

Institutional investors have recently made changes to their positions in the business. ORG Partners LLC lifted its position in shares of DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 253 shares in the last quarter. Headlands Technologies LLC bought a new stake in DoorDash during the second quarter worth $32,000. Meeder Asset Management Inc. raised its position in DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after acquiring an additional 132 shares in the last quarter. Hollencrest Capital Management bought a new stake in DoorDash during the first quarter worth $42,000. Finally, Versant Capital Management Inc raised its position in DoorDash by 340.8% during the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after acquiring an additional 259 shares in the last quarter. 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.