DoorDash, Inc. (NYSE:DASH) Given Consensus Recommendation of “Hold” by Brokerages

Shares of DoorDash, Inc. (NYSE:DASH – Get Rating) have earned a consensus rating of “Hold” from the twenty-three research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $80.95.

Several equities research analysts recently weighed in on the stock. Bank of America dropped their price objective on shares of DoorDash from $80.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, February 14th. Mizuho raised their price target on shares of DoorDash from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, February 17th. Moffett Nathanson began coverage on shares of DoorDash in a research note on Monday, January 30th. They issued an “outperform” rating and a $79.00 price target on the stock. Needham & Company LLC raised their price target on shares of DoorDash from $75.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, February 17th. Finally, Oppenheimer raised their price target on shares of DoorDash from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, February 17th.

Insider Activity

In other news, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $57.52, for a total transaction of $71,900.00. Following the transaction, the director now owns 79,778 shares in the company, valued at approximately $4,588,830.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Stanley Tang sold 93,000 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $54.32, for a total value of $5,051,760.00. Following the transaction, the director now directly owns 31,759 shares in the company, valued at approximately $1,725,148.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $57.52, for a total transaction of $71,900.00. Following the completion of the transaction, the director now owns 79,778 shares in the company, valued at $4,588,830.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 176,124 shares of company stock worth $9,508,020. 12.10% of the stock is owned by corporate insiders.

Institutional Trading of DoorDash

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Natixis boosted its position in shares of DoorDash by 393.1% during the 4th quarter. Natixis now owns 180,001 shares of the company’s stock valued at $8,788,000 after acquiring an additional 143,500 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of DoorDash by 34.2% during the 4th quarter. Macquarie Group Ltd. now owns 5,298 shares of the company’s stock valued at $259,000 after acquiring an additional 1,350 shares in the last quarter. National Pension Service boosted its position in shares of DoorDash by 19.2% during the 4th quarter. National Pension Service now owns 394,320 shares of the company’s stock valued at $19,251,000 after acquiring an additional 63,511 shares in the last quarter. CoreView Capital Management Ltd boosted its position in shares of DoorDash by 234.0% during the 4th quarter. CoreView Capital Management Ltd now owns 347,700 shares of the company’s stock valued at $16,975,000 after acquiring an additional 243,595 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of DoorDash by 2.3% during the 4th quarter. Alliancebernstein L.P. now owns 128,053 shares of the company’s stock valued at $6,252,000 after acquiring an additional 2,853 shares in the last quarter. 72.65% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Performance

Shares of DoorDash stock opened at $56.99 on Wednesday. The firm has a market cap of $22.34 billion, a PE ratio of -15.74 and a beta of 1.45. The firm’s 50-day simple moving average is $56.60 and its 200-day simple moving average is $54.69. DoorDash has a 1 year low of $41.37 and a 1 year high of $130.20.

DoorDash (NYSE:DASH – Get Rating) last issued its earnings results on Thursday, February 16th. The company reported ($0.63) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.07. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.77 billion. DoorDash had a negative net margin of 20.74% and a negative return on equity of 15.12%. On average, equities analysts predict that DoorDash will post -2.14 earnings per share for the current year.

DoorDash Company Profile

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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.