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.
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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