DoorDash (NYSE:DASH) PT Raised to $113.00 at JMP Securities

DoorDash (NYSE:DASH) had its price target increased by stock analysts at JMP Securities from $100.00 to $113.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ price objective points to a potential upside of 22.18% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. Barclays upped their target price on shares of DoorDash from $75.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, August 3rd. The Goldman Sachs Group upped their target price on shares of DoorDash from $73.00 to $98.00 and gave the company a “neutral” rating in a research note on Friday, August 4th. Needham & Company LLC increased their price objective on shares of DoorDash from $84.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Moffett Nathanson lowered shares of DoorDash from an “outperform” rating to a “market perform” rating in a research note on Friday, September 15th. Finally, Mizuho upgraded shares of DoorDash from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $90.00 to $105.00 in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $92.71.

DoorDash Stock Performance

Shares of DoorDash stock opened at $92.49 on Friday. The firm has a market cap of $36.38 billion, a PE ratio of -34.38 and a beta of 1.61. The firm’s 50-day simple moving average is $78.68 and its 200-day simple moving average is $75.43. DoorDash has a 1 year low of $45.93 and a 1 year high of $93.19.

DoorDash (NYSE:DASH) last issued its earnings results on Wednesday, November 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.26. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.09 billion. DoorDash had a negative net margin of 12.81% and a negative return on equity of 9.88%. The company’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.77) EPS. On average, equities analysts predict that DoorDash will post -1.73 earnings per share for the current year.

Insiders Place Their Bets

In other DoorDash news, Director Stanley Tang sold 93,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $83.76, for a total value of $7,789,680.00. Following the completion of the transaction, the director now owns 44,182 shares in the company, valued at approximately $3,700,684.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Stanley Tang sold 93,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $83.76, for a total value of $7,789,680.00. Following the completion of the transaction, the director now directly owns 44,182 shares in the company, valued at $3,700,684.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ravi Inukonda sold 3,500 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $71.61, for a total transaction of $250,635.00. Following the completion of the transaction, the chief financial officer now owns 449,788 shares of the company’s stock, valued at $32,209,318.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,014,465 shares of company stock worth $80,595,254. Insiders own 9.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DASH. Raymond James & Associates boosted its holdings in shares of DoorDash by 123.4% in the first quarter. Raymond James & Associates now owns 6,286 shares of the company’s stock valued at $737,000 after acquiring an additional 3,472 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in DoorDash by 43.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,825 shares of the company’s stock valued at $448,000 after purchasing an additional 1,153 shares during the last quarter. American Century Companies Inc. lifted its stake in DoorDash by 18.3% during the first quarter. American Century Companies Inc. now owns 4,444 shares of the company’s stock valued at $521,000 after purchasing an additional 689 shares during the last quarter. US Bancorp DE lifted its stake in DoorDash by 204.6% during the first quarter. US Bancorp DE now owns 926 shares of the company’s stock valued at $109,000 after purchasing an additional 622 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in DoorDash by 305.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,553 shares of the company’s stock valued at $415,000 after purchasing an additional 2,677 shares during the last quarter. 75.84% of the stock is currently owned by institutional investors.

DoorDash Company Profile

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, 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; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels.