DoorDash, Inc. (NASDAQ:DASH) Receives Average Recommendation of “Moderate Buy” from Analysts

DoorDash, Inc. (NASDAQ:DASH) has earned an average rating of “Moderate Buy” from the twenty-three research firms that are presently covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $128.88.

Several analysts recently weighed in on DASH shares. Piper Sandler raised shares of DoorDash from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $53.00 to $127.00 in a research report on Friday, March 15th. Truist Financial raised their price objective on shares of DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Royal Bank of Canada upgraded DoorDash from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $130.00 to $175.00 in a report on Monday, March 4th. Moffett Nathanson upgraded DoorDash from a “neutral” rating to a “buy” rating and lifted their price target for the company from $118.00 to $164.00 in a research report on Thursday, April 11th. Finally, Morgan Stanley raised DoorDash from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $135.00 to $145.00 in a research note on Thursday, February 22nd.

Insider Buying and Selling

In related news, Director Andy Fang sold 66,195 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $139.31, for a total transaction of $9,221,625.45. Following the transaction, the director now directly owns 36,482 shares in the company, valued at approximately $5,082,307.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Andy Fang sold 66,195 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $139.31, for a total transaction of $9,221,625.45. Following the completion of the transaction, the director now owns 36,482 shares in the company, valued at approximately $5,082,307.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Shona L. Brown sold 700 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $141.60, for a total value of $99,120.00. Following the completion of the transaction, the director now directly owns 70,111 shares in the company, valued at approximately $9,927,717.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 364,982 shares of company stock valued at $47,221,669. Company insiders own 9.59% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Several large investors have recently added to or reduced their stakes 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 purchasing an additional 3,472 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of DoorDash by 43.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 3,825 shares of the company’s stock worth $448,000 after buying an additional 1,153 shares during the period. American Century Companies Inc. grew its position in shares of DoorDash by 18.3% during the 1st quarter. American Century Companies Inc. now owns 4,444 shares of the company’s stock worth $521,000 after buying an additional 689 shares in the last quarter. US Bancorp DE increased its stake in shares of 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 buying an additional 622 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of DoorDash by 305.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,553 shares of the company’s stock valued at $415,000 after acquiring an additional 2,677 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Trading Down 2.2 %

DASH stock opened at $130.90 on Thursday. The stock has a market capitalization of $52.88 billion, a price-to-earnings ratio of -91.54, a PEG ratio of 15.58 and a beta of 1.79. The firm’s 50-day moving average price is $129.98 and its two-hundred day moving average price is $106.26. DoorDash has a 12-month low of $56.59 and a 12-month high of $143.34.

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

DoorDash Company Profile

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.