DoorDash (NASDAQ:DASH) Price Target Raised to $155.00

DoorDash (NASDAQ:DASH) had its target price boosted by Deutsche Bank Aktiengesellschaft from $140.00 to $155.00 in a report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also commented on DASH. Wedbush boosted their price target on DoorDash from $92.00 to $115.00 and gave the stock a neutral rating in a research report on Friday, February 16th. UBS Group dropped their target price on DoorDash from $123.00 to $118.00 and set a neutral rating on the stock in a research note on Friday, February 16th. Truist Financial boosted their target price on DoorDash from $140.00 to $155.00 and gave the stock a buy rating in a research note on Wednesday, March 27th. Oppenheimer boosted their target price on DoorDash from $110.00 to $140.00 and gave the stock an outperform rating in a research note on Friday, February 16th. Finally, Needham & Company LLC restated a buy rating and set a $133.00 target price on shares of DoorDash in a research note on Tuesday, February 6th. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $128.88.

DoorDash Trading Up 0.7 %

DASH opened at $133.84 on Tuesday. The firm has a market cap of $54.07 billion, a price-to-earnings ratio of -93.59, a PEG ratio of 16.22 and a beta of 1.79. DoorDash has a 12 month low of $56.59 and a 12 month high of $143.34. The stock has a fifty day moving average price of $129.65 and a 200-day moving average price of $106.08.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.25 billion. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The company’s revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.63) earnings per share. On average, equities research analysts forecast that DoorDash will post 0.2 EPS for the current year.

Insider Transactions at DoorDash

In other news, CFO Ravi Inukonda sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $109.73, for a total value of $548,650.00. Following the sale, the chief financial officer now owns 414,738 shares in the company, valued at $45,509,200.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Andy Fang sold 66,195 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $139.31, for a total value of $9,221,625.45. Following the completion of the transaction, the director now owns 36,482 shares of the company’s stock, valued at approximately $5,082,307.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $109.73, for a total value of $548,650.00. Following the completion of the transaction, the chief financial officer now directly owns 414,738 shares of the company’s stock, valued at approximately $45,509,200.74. The disclosure for this sale can be found here. Insiders have sold 364,982 shares of company stock worth $47,221,669 over the last quarter. 9.59% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DoorDash

Large investors have recently bought and sold shares of the business. SJS Investment Consulting Inc. raised its holdings in shares of DoorDash by 26.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after acquiring an additional 98 shares during the last quarter. Westside Investment Management Inc. grew its position in DoorDash by 18.2% in the fourth quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock worth $64,000 after acquiring an additional 100 shares during the period. Hillsdale Investment Management Inc. grew its position in DoorDash by 1.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock worth $647,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC boosted its position in shares of DoorDash by 17.2% during the first quarter. GAMMA Investing LLC now owns 736 shares of the company’s stock worth $101,000 after buying an additional 108 shares during the period. Finally, Signaturefd LLC boosted its position in shares of DoorDash by 3.3% during the fourth quarter. Signaturefd LLC now owns 3,824 shares of the company’s stock worth $378,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 90.64% of the company’s stock.

About DoorDash

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.