DoorDash (NASDAQ:DASH) Given New $180.00 Price Target at Susquehanna

DoorDash (NASDAQ:DASH) had its price objective increased by Susquehanna from $140.00 to $180.00 in a report released on Friday morning, Benzinga reports. They currently have a positive rating on the stock.

Several other equities analysts have also recently issued reports on DASH. BTIG Research upgraded DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Thursday, September 19th. Piper Sandler raised their price objective on DoorDash from $125.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Argus initiated coverage on DoorDash in a report on Tuesday, July 23rd. They issued a “hold” rating on the stock. Truist Financial boosted their price objective on DoorDash from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $160.00 target price on shares of DoorDash in a research report on Monday, October 7th. Ten investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $163.12.

DoorDash Trading Up 1.0 %

NASDAQ:DASH opened at $157.24 on Friday. The firm has a market cap of $64.71 billion, a PE ratio of -349.42, a price-to-earnings-growth ratio of 359.82 and a beta of 1.67. The stock has a fifty day moving average price of $140.40 and a 200 day moving average price of $124.10. DoorDash has a 12-month low of $83.58 and a 12-month high of $165.07.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the business earned ($0.19) EPS. DoorDash’s revenue for the quarter was up 25.0% on a year-over-year basis. Equities analysts forecast that DoorDash will post 0.01 EPS for the current year.

Insider Transactions at DoorDash

In related news, CEO Tony Xu sold 81,249 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the completion of the transaction, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 81,249 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total transaction of $12,014,289.63. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 324,539 shares of company stock valued at $46,439,330. 7.92% of the stock is owned by insiders.

Institutional Trading of DoorDash

Several hedge funds have recently modified their holdings of DASH. Brighton Jones LLC boosted its stake in DoorDash by 0.8% in the second quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock valued at $1,122,000 after acquiring an additional 82 shares during the last quarter. Everhart Financial Group Inc. raised its holdings in shares of DoorDash by 3.1% during the second quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock worth $355,000 after acquiring an additional 99 shares during the period. E Fund Management Co. Ltd. increased its stake in DoorDash by 3.5% in the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock valued at $355,000 after buying an additional 111 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in DoorDash by 21.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock valued at $73,000 after buying an additional 117 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in DoorDash by 39.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 424 shares of the company’s stock valued at $61,000 after buying an additional 119 shares during the last quarter. 90.64% of the stock is 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.