DoorDash (NASDAQ:DASH) Price Target Raised to $200.00 at Barclays

DoorDash (NASDAQ:DASH) had its price target hoisted by Barclays from $163.00 to $200.00 in a research note released on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other analysts also recently issued reports on DASH. Jefferies Financial Group raised their price objective on shares of DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Loop Capital raised their price target on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. JMP Securities restated a “market outperform” rating and set a $200.00 price objective on shares of DoorDash in a report on Thursday, February 6th. UBS Group increased their target price on DoorDash from $200.00 to $204.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Cantor Fitzgerald boosted their target price on shares of DoorDash from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and an average target price of $205.45.

DoorDash Stock Up 2.4 %

DASH stock opened at $205.64 on Thursday. DoorDash has a twelve month low of $99.32 and a twelve month high of $206.00. The stock has a market capitalization of $85.42 billion, a price-to-earnings ratio of -456.98, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72. The firm’s fifty day simple moving average is $178.59 and its two-hundred day simple moving average is $156.71.

Insider Activity

In other DoorDash news, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the sale, the director now owns 18,089 shares of the company’s stock, valued at approximately $3,123,427.63. The trade was a 73.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the transaction, the chief financial officer now owns 366,993 shares in the company, valued at $67,233,117.60. The trade was a 0.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 932,426 shares of company stock worth $162,990,678. Insiders own 7.92% of the company’s stock.

Institutional Investors Weigh In On DoorDash

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

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.