DoorDash, Inc. (NASDAQ:DASH) Receives $163.12 Consensus PT from Analysts

DoorDash, Inc. (NASDAQ:DASH) has been assigned a consensus rating of “Moderate Buy” from the thirty-four ratings firms that are currently covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a hold recommendation and twenty-four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $163.12.

DASH has been the topic of several research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $160.00 price target on shares of DoorDash in a research note on Monday, October 7th. Benchmark upped their price target on DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Susquehanna upped their price target on DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Wolfe Research started coverage on DoorDash in a research note on Tuesday, July 16th. They set an “outperform” rating and a $130.00 price target on the stock. Finally, DA Davidson increased their target price on DoorDash from $119.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st.

DoorDash Stock Performance

Shares of DASH stock opened at $171.40 on Monday. The stock’s fifty day moving average is $144.18 and its 200-day moving average is $125.42. The stock has a market capitalization of $71.20 billion, a PE ratio of -380.89, a PEG ratio of 14.27 and a beta of 1.67. DoorDash has a 52 week low of $83.58 and a 52 week high of $172.18.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, analysts forecast that DoorDash will post 0.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was 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 directly owns 18,089 shares in the company, valued at approximately $2,355,187.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Tony Xu sold 54,166 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $140.06, for a total transaction of $7,586,489.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the firm’s 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 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 disclosure for this sale can be found here. Over the last three months, insiders sold 324,539 shares of company stock worth $46,439,330. 7.92% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DASH. Janus Henderson Group PLC grew its stake in DoorDash by 11,416.7% in the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after purchasing an additional 3,425,115 shares in the last quarter. Baillie Gifford & Co. grew its stake in DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares in the last quarter. Dragoneer Investment Group LLC grew its stake in DoorDash by 77.9% in the second quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after purchasing an additional 1,246,567 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in DoorDash by 595.2% in the first quarter. Canada Pension Plan Investment Board now owns 891,879 shares of the company’s stock valued at $122,830,000 after purchasing an additional 763,579 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in DoorDash by 216.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock valued at $154,486,000 after purchasing an additional 739,961 shares in the last quarter. 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.