Weekly Analysts’ Ratings Updates for DoorDash (DASH)

DoorDash (NYSE: DASH) recently received a number of ratings updates from brokerages and research firms:

• 5/8/2023 – DoorDash had its price target lowered by analysts at DA Davidson from $77.00 to $72.00.
• 5/5/2023 – DoorDash had its price target raised by analysts at Bank of America Co. from $80.00 to $82.00.
• 5/5/2023 – DoorDash had its price target raised by analysts at Oppenheimer Holdings Inc. from $80.00 to $85.00.
• 5/5/2023 – DoorDash had its price target raised by analysts at UBS Group AG from $68.00 to $70.00.
• 5/5/2023 – DoorDash had its price target raised by analysts at Barclays PLC from $70.00 to $75.00.
• 4/21/2023 – DoorDash is now covered by analysts at Roth Mkm. They set a “neutral” rating on the stock.

DoorDash Stock Performance

DoorDash stock opened at $66.50 on Friday. The firm’s fifty day moving average price is $62.44 and its 200-day moving average price is $58.14. The stock has a market cap of $25.84 billion, a P/E ratio of -18.73 and a beta of 1.51. DoorDash, Inc. has a fifty-two week low of $41.37 and a fifty-two week high of $87.00.

DoorDash (NYSE:DASH – Get Rating) last issued its earnings results on Thursday, May 4th. The company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.15. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.92 billion. DoorDash had a negative net margin of 18.98% and a negative return on equity of 14.00%. On average, analysts predict that DoorDash, Inc. will post -1.74 earnings per share for the current year.

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 67,000 shares of the firm’s stock in a transaction on Friday, April 21st. The shares were sold at an average price of $59.20, for a total value of $3,966,400.00. Following the sale, the director now owns 54,015 shares of the company’s stock, valued at approximately $3,197,688. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other DoorDash news, Director Andy Fang sold 67,000 shares of the firm’s stock in a transaction on Friday, April 21st. The shares were sold at an average price of $59.20, for a total value of $3,966,400.00. Following the sale, the director now owns 54,015 shares of the company’s stock, valued at approximately $3,197,688. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Gordon S. Lee sold 6,955 shares of DoorDash stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $66.89, for a total transaction of $465,219.95. Following the sale, the chief accounting officer now directly owns 106,321 shares in the company, valued at approximately $7,111,811.69. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,378 shares of company stock valued at $64,814,220 in the last quarter. Insiders own 15.54% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Large investors have recently modified their holdings of the stock. Elequin Securities LLC bought a new stake in DoorDash during the fourth quarter worth about $25,000. Manchester Capital Management LLC purchased a new position in shares of DoorDash during the first quarter valued at approximately $25,000. Riverview Trust Co purchased a new position in shares of DoorDash during the fourth quarter valued at approximately $29,000. UMB Bank n.a. raised its holdings in shares of DoorDash by 42.3% during the fourth quarter. UMB Bank n.a. now owns 703 shares of the company’s stock valued at $34,000 after purchasing an additional 209 shares during the last quarter. Finally, CI Investments Inc. raised its holdings in shares of DoorDash by 122.4% during the fourth quarter. CI Investments Inc. now owns 714 shares of the company’s stock valued at $35,000 after purchasing an additional 393 shares during the last quarter. Institutional investors own 72.65% of the company’s stock.

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.