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.
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
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
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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