DoorDash, Inc. (NYSE:DASH) Receives Average Recommendation of “Buy” from Analysts

DoorDash, Inc. (NYSE:DASH – Get Rating) has earned a consensus rating of “Buy” from the twenty-two brokerages that are presently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $179.74.

DASH has been the topic of several analyst reports. Mizuho cut their target price on DoorDash from $205.00 to $150.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 8th. Evercore ISI dropped their price target on DoorDash from $256.00 to $172.00 and set an “outperform” rating on the stock in a research report on Thursday, February 17th. Wolfe Research dropped their price target on DoorDash from $180.00 to $170.00 and set an “outperform” rating on the stock in a research report on Thursday, February 17th. Zacks Investment Research raised DoorDash from a “sell” rating to a “hold” rating in a research report on Tuesday, April 19th. Finally, Citigroup began coverage on DoorDash in a research report on Tuesday, April 19th. They set a “buy” rating and a $155.00 price target on the stock.

In other DoorDash news, CAO Gordon S. Lee sold 5,983 shares of DoorDash stock in a transaction on Tuesday, February 22nd. The stock was sold at an average price of $94.78, for a total value of $567,068.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Us (Ttgp) Ltd. Sc acquired 390,276 shares of the company’s stock in a transaction on Tuesday, March 8th. The stock was bought at an average cost of $84.65 per share, with a total value of $33,036,863.40. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 449,099 shares of company stock valued at $46,872,703. 15.54% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Clearstead Advisors LLC raised its holdings in DoorDash by 3,850.0% in the 3rd quarter. Clearstead Advisors LLC now owns 158 shares of the company’s stock valued at $33,000 after acquiring an additional 154 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in DoorDash in the 3rd quarter valued at $41,000. Cullen Frost Bankers Inc. acquired a new position in DoorDash in the 4th quarter valued at $45,000. CWM LLC raised its holdings in DoorDash by 608.1% in the 1st quarter. CWM LLC now owns 439 shares of the company’s stock valued at $51,000 after acquiring an additional 377 shares in the last quarter. Finally, US Bancorp DE raised its holdings in DoorDash by 4,016.7% in the 3rd quarter. US Bancorp DE now owns 247 shares of the company’s stock valued at $52,000 after acquiring an additional 241 shares in the last quarter. 75.44% of the stock is owned by hedge funds and other institutional investors.

DoorDash stock opened at $89.00 on Friday. DoorDash has a 12-month low of $74.32 and a 12-month high of $257.25. The business’s 50-day simple moving average is $102.48 and its 200 day simple moving average is $143.22. The stock has a market cap of $31.01 billion and a price-to-earnings ratio of -64.03.

DoorDash (NYSE:DASH – Get Rating) last released its earnings results on Wednesday, February 16th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.17). The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the firm earned ($2.67) earnings per share. The company’s revenue for the quarter was up 34.0% on a year-over-year basis. Research analysts predict that DoorDash will post -1.23 earnings per share for the current fiscal year.

DoorDash Company Profile (Get Rating)

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

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