Shares of DoorDash, Inc. (NASDAQ:DASH - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-five research firms that are covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $132.28.
A number of analysts have recently issued reports on DASH shares. UBS Group lowered their price objective on DoorDash from $123.00 to $118.00 and set a "neutral" rating on the stock in a research report on Friday, February 16th. Wells Fargo & Company increased their price objective on shares of DoorDash from $100.00 to $125.00 and gave the company an "equal weight" rating in a research note on Thursday, April 4th. Citigroup lifted their target price on shares of DoorDash from $141.00 to $144.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $137.00 price target on shares of DoorDash in a research report on Thursday, May 2nd. Finally, Benchmark decreased their price objective on DoorDash from $165.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday, May 2nd.
Get Our Latest Stock Analysis on DoorDash
DoorDash Price Performance
Shares of DASH stock traded down $0.80 during trading on Friday, reaching $113.27. The company had a trading volume of 2,908,958 shares, compared to its average volume of 3,933,440. The firm's 50 day simple moving average is $123.14 and its two-hundred day simple moving average is $115.36. DoorDash has a one year low of $69.00 and a one year high of $143.34. The company has a market capitalization of $46.32 billion, a PE ratio of -104.88, a PEG ratio of 27.96 and a beta of 1.69.
DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period last year, the business posted ($0.41) earnings per share. The firm's revenue was up 23.5% compared to the same quarter last year. Analysts forecast that DoorDash will post 0.11 earnings per share for the current year.
Insider Activity
In other news, insider Keith Yandell sold 12,088 shares of the company's stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $111.84, for a total transaction of $1,351,921.92. Following the transaction, the insider now owns 161,651 shares of the company's stock, valued at $18,079,047.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other DoorDash news, CEO Tony Xu sold 132,300 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total value of $17,458,308.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Keith Yandell sold 12,088 shares of DoorDash stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $111.84, for a total transaction of $1,351,921.92. Following the sale, the insider now directly owns 161,651 shares of the company's stock, valued at approximately $18,079,047.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 449,323 shares of company stock valued at $59,674,859. Company insiders own 7.92% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Spire Wealth Management acquired a new position in DoorDash in the first quarter valued at about $25,000. Venturi Wealth Management LLC raised its position in shares of DoorDash by 54.5% in the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company's stock valued at $35,000 after acquiring an additional 90 shares during the period. ORG Partners LLC boosted its stake in DoorDash by 2,108.3% during the 1st quarter. ORG Partners LLC now owns 265 shares of the company's stock worth $37,000 after acquiring an additional 253 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in DoorDash by 361.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 392 shares of the company's stock valued at $39,000 after purchasing an additional 307 shares during the period. Finally, Covestor Ltd increased its stake in DoorDash by 101.2% in the third quarter. Covestor Ltd now owns 503 shares of the company's stock valued at $40,000 after purchasing an additional 253 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.
DoorDash Company Profile
(Get Free Report
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.
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