DoorDash (NYSE:DASH) PT Raised to $130.00 at Truist Financial

DoorDash (NYSE:DASH) had its price objective upped by equities research analysts at Truist Financial from $125.00 to $130.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 40.56% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Morgan Stanley boosted their price objective on DoorDash from $72.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 3rd. Oppenheimer boosted their price objective on DoorDash from $85.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Wells Fargo & Company boosted their price objective on DoorDash from $70.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 3rd. Moffett Nathanson lowered DoorDash from an “outperform” rating to a “market perform” rating in a research note on Friday, September 15th. Finally, Roth Mkm upped their price target on DoorDash from $73.00 to $91.00 and gave the company a “neutral” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $92.71.

DoorDash Trading Up 5.4 %

Shares of DASH stock opened at $92.49 on Friday. The stock has a 50 day moving average of $78.68 and a 200 day moving average of $75.43. The stock has a market cap of $36.38 billion, a P/E ratio of -34.38 and a beta of 1.61. DoorDash has a twelve month low of $45.93 and a twelve month high of $93.19.

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

Insiders Place Their Bets

In other DoorDash news, Director Andy Fang sold 67,000 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $77.23, for a total transaction of $5,174,410.00. Following the sale, the director now owns 45,296 shares in the company, valued at approximately $3,498,210.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Gordon S. Lee sold 1,000 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $81.41, for a total value of $81,410.00. Following the transaction, the chief accounting officer now owns 105,321 shares in the company, valued at approximately $8,574,182.61. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andy Fang sold 67,000 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $77.23, for a total value of $5,174,410.00. Following the completion of the transaction, the director now owns 45,296 shares in the company, valued at approximately $3,498,210.08. The disclosure for this sale can be found here. Insiders have sold a total of 1,014,465 shares of company stock worth $80,595,254 in the last quarter. 9.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DASH. National Bank of Canada FI boosted its position in shares of DoorDash by 13.1% in the 3rd quarter. National Bank of Canada FI now owns 1,081 shares of the company’s stock valued at $86,000 after purchasing an additional 125 shares during the period. Mackenzie Financial Corp boosted its position in shares of DoorDash by 1.3% in the 3rd quarter. Mackenzie Financial Corp now owns 11,022 shares of the company’s stock valued at $851,000 after purchasing an additional 145 shares during the period. Yousif Capital Management LLC boosted its position in shares of DoorDash by 5.2% in the 3rd quarter. Yousif Capital Management LLC now owns 2,920 shares of the company’s stock valued at $232,000 after purchasing an additional 145 shares during the period. Signaturefd LLC lifted its position in DoorDash by 9.8% during the 2nd quarter. Signaturefd LLC now owns 1,753 shares of the company’s stock worth $134,000 after acquiring an additional 156 shares during the period. Finally, Nordea Investment Management AB lifted its position in DoorDash by 1.1% during the 1st quarter. Nordea Investment Management AB now owns 16,494 shares of the company’s stock worth $1,032,000 after acquiring an additional 177 shares during the period. Hedge funds and other institutional investors own 75.84% of the company’s stock.

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.