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

DoorDash (NASDAQ:DASH) had its price objective boosted by investment analysts at Truist Financial from $170.00 to $180.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 15.64% from the stock’s current price.

DASH has been the subject of a number of other research reports. Wedbush reiterated a “neutral” rating and issued a $115.00 price objective on shares of DoorDash in a report on Friday, August 2nd. Piper Sandler raised their price objective on shares of DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday. Raymond James started coverage on shares of DoorDash in a report on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 price objective for the company. Evercore ISI raised their price objective on shares of DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Mizuho raised their price target on shares of DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.12.

DoorDash Trading Down 0.7 %

DASH opened at $155.66 on Thursday. The company’s 50 day moving average is $140.40 and its 200-day moving average is $124.21. DoorDash has a 1-year low of $83.58 and a 1-year high of $165.07. The company has a market cap of $64.06 billion, a P/E ratio of -345.91, a PEG ratio of 331.02 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.46%. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period last year, the company posted ($0.19) EPS. On average, equities analysts forecast that DoorDash will post 0.01 EPS for the current year.

Insiders Place Their Bets

In other DoorDash news, Director Shona L. Brown sold 5,005 shares of DoorDash stock in a transaction on Monday, August 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,600.00. Following the transaction, the director now directly owns 65,186 shares of the company’s stock, valued at $7,822,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Tony Xu sold 81,249 shares of DoorDash stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total transaction of $12,014,289.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Shona L. Brown sold 5,005 shares of DoorDash stock in a transaction on Monday, August 5th. The stock was sold at an average price of $120.00, for a total value of $600,600.00. Following the sale, the director now owns 65,186 shares in the company, valued at $7,822,320. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 383,710 shares of company stock valued at $53,725,640 in the last three months. 7.92% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DASH. Wealth Enhancement Advisory Services LLC raised its stake in DoorDash by 26.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,802 shares of the company’s stock valued at $1,488,000 after acquiring an additional 2,237 shares during the period. Allspring Global Investments Holdings LLC raised its stake in DoorDash by 38.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 271,024 shares of the company’s stock valued at $37,325,000 after acquiring an additional 75,272 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in DoorDash by 7.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 689,785 shares of the company’s stock valued at $94,997,000 after acquiring an additional 47,725 shares during the period. Norden Group LLC bought a new stake in DoorDash in the 1st quarter valued at about $1,135,000. Finally, First Trust Direct Indexing L.P. raised its stake in DoorDash by 10.1% in the 1st quarter. First Trust Direct Indexing L.P. now owns 4,780 shares of the company’s stock valued at $658,000 after acquiring an additional 437 shares during the period. 90.64% of the stock is currently owned by institutional investors.

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.