DoorDash (NASDAQ:DASH) Given New $193.00 Price Target at Roth Mkm

DoorDash (NASDAQ:DASH) had its price target boosted by Roth Mkm from $165.00 to $193.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities research analysts also recently issued reports about the company. Truist Financial raised their price target on DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Loop Capital upped their price objective on shares of DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Susquehanna upped their price target on shares of DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a report on Friday, November 1st. Needham & Company LLC lifted their price objective on DoorDash from $180.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $210.00 target price (up previously from $160.00) on shares of DoorDash in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and an average price target of $202.67.

DoorDash Stock Performance

DoorDash stock opened at $200.89 on Wednesday. DoorDash has a 12 month low of $99.32 and a 12 month high of $201.17. The company’s fifty day simple moving average is $178.00 and its 200-day simple moving average is $156.37.

Insider Activity

In other news, COO Prabir Adarkar sold 20,000 shares of DoorDash stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the completion of the sale, the chief operating officer now owns 925,222 shares in the company, valued at $167,307,894.26. The trade was a 2.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tony Xu sold 108,332 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the completion of the transaction, the chief executive officer now owns 1,500 shares in the company, valued at $255,375. This represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,040,758 shares of company stock valued at $181,434,201. Company insiders own 7.92% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Institutional investors have recently made changes to their positions in the stock. Rakuten Securities Inc. grew its position in shares of DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the period. Pittenger & Anderson Inc. bought a new position in DoorDash during the 4th quarter worth approximately $29,000. Denver PWM LLC bought a new stake in DoorDash in the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash in the fourth quarter worth $34,000. Finally, ORG Wealth Partners LLC bought a new position in shares of DoorDash during the fourth quarter worth $36,000. 90.64% of the stock is owned by institutional investors and hedge funds.

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.