DoorDash, Inc. (NYSE:DASH) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of DoorDash, Inc. (NYSE:DASHGet Rating) have been assigned an average rating of “Hold” from the twenty-two research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $90.33.

Several equities research analysts have recently weighed in on the stock. Piper Sandler downgraded shares of DoorDash from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $227.00 to $40.00 in a research note on Monday, January 9th. Royal Bank of Canada downgraded shares of DoorDash from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $70.00 to $60.00 in a research note on Friday, December 2nd. The Goldman Sachs Group reduced their price target on shares of DoorDash from $84.00 to $69.00 and set a “neutral” rating on the stock in a research note on Monday, November 7th. Oppenheimer raised shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research note on Monday, November 7th. Finally, Wells Fargo & Company reduced their price target on shares of DoorDash from $100.00 to $71.00 and set an “overweight” rating on the stock in a research note on Thursday, January 19th.

DoorDash Trading Up 4.4 %

Shares of DASH opened at $60.59 on Tuesday. DoorDash has a twelve month low of $41.37 and a twelve month high of $130.20. The company has a market cap of $23.52 billion, a P/E ratio of -25.04 and a beta of 1.35. The company’s fifty day simple moving average is $53.60 and its 200-day simple moving average is $58.11.

DoorDash (NYSE:DASHGet Rating) last announced its earnings results on Thursday, November 3rd. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.17). DoorDash had a negative net margin of 14.51% and a negative return on equity of 14.94%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Analysts predict that DoorDash will post -2.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DoorDash news, Director Shona L. Brown sold 1,250 shares of the stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $47.32, for a total transaction of $59,150.00. Following the transaction, the director now directly owns 82,278 shares in the company, valued at approximately $3,893,394.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $47.32, for a total value of $59,150.00. Following the sale, the director now directly owns 82,278 shares in the company, valued at approximately $3,893,394.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Christopher D. Payne sold 47,093 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $53.43, for a total transaction of $2,516,178.99. Following the completion of the sale, the chief operating officer now owns 370,890 shares in the company, valued at $19,816,652.70. The disclosure for this sale can be found here. Insiders have sold a total of 146,605 shares of company stock worth $7,622,620 in the last three months. Corporate insiders own 12.10% of the company’s stock.

Institutional Trading of DoorDash

Institutional investors have recently modified their holdings of the company. Wipfli Financial Advisors LLC bought a new stake in shares of DoorDash in the 3rd quarter valued at about $25,000. Sentry Investment Management LLC acquired a new stake in DoorDash in the 3rd quarter worth approximately $33,000. UMB Bank n.a. boosted its stake in DoorDash by 42.3% in the 4th quarter. UMB Bank n.a. now owns 703 shares of the company’s stock worth $34,000 after purchasing an additional 209 shares in the last quarter. Alpha Paradigm Partners LLC acquired a new stake in DoorDash in the 2nd quarter worth approximately $45,000. Finally, Signaturefd LLC boosted its stake in DoorDash by 793.3% in the 3rd quarter. Signaturefd LLC now owns 929 shares of the company’s stock worth $46,000 after purchasing an additional 825 shares in the last quarter. 72.65% of the stock is currently owned by institutional investors.

About DoorDash

(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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Analyst Recommendations for DoorDash (NYSE:DASH)

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