DoorDash (NASDAQ:DASH) Price Target Increased to $150.00 by Analysts at Oppenheimer

DoorDash (NASDAQ:DASH) had its target price boosted by Oppenheimer from $140.00 to $150.00 in a report released on Monday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. JMP Securities raised their price target on DoorDash from $130.00 to $160.00 and gave the stock a market outperform rating in a research report on Wednesday, March 27th. Piper Sandler upgraded DoorDash from an underweight rating to a neutral rating and raised their price target for the stock from $53.00 to $127.00 in a research report on Friday, March 15th. UBS Group decreased their price target on DoorDash from $123.00 to $118.00 and set a neutral rating on the stock in a research report on Friday, February 16th. Deutsche Bank Aktiengesellschaft raised their price objective on DoorDash from $140.00 to $155.00 and gave the company a buy rating in a research note on Tuesday, April 16th. Finally, BMO Capital Markets raised their price objective on DoorDash from $120.00 to $138.00 and gave the company an outperform rating in a research note on Friday, February 16th. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $130.92.

DoorDash Price Performance

DASH stock opened at $132.12 on Monday. The stock has a market capitalization of $53.38 billion, a price-to-earnings ratio of -92.39, a PEG ratio of 14.70 and a beta of 1.79. The business’s fifty day moving average price is $131.63 and its two-hundred day moving average price is $109.34. DoorDash has a fifty-two week low of $60.36 and a fifty-two week high of $143.34.

DoorDash (NASDAQ:DASH) last issued 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 return on equity of 8.49% and a negative net margin of 6.46%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the business posted ($0.63) EPS. The firm’s revenue for the quarter was up 26.7% on a year-over-year basis. Research analysts expect that DoorDash will post 0.21 EPS for the current year.

Insider Buying and Selling

In related news, insider Keith Yandell sold 3,500 shares of DoorDash stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $104.89, for a total value of $367,115.00. Following the transaction, the insider now directly owns 179,350 shares of the company’s stock, valued at $18,812,021.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other DoorDash news, insider Keith Yandell sold 3,500 shares of DoorDash stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $104.89, for a total value of $367,115.00. Following the completion of the sale, the insider now directly owns 179,350 shares in the company, valued at $18,812,021.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total value of $17,663,373.00. The disclosure for this sale can be found here. Insiders have sold a total of 492,282 shares of company stock valued at $64,336,392 over the last ninety days. 9.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On DoorDash

A number of hedge funds have recently added to or reduced their stakes in the business. Spire Wealth Management bought a new stake in shares of DoorDash during the first quarter valued at approximately $25,000. Fifth Third Bancorp increased its holdings in shares of DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after acquiring an additional 359 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in DoorDash by 54.5% during the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after buying an additional 90 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in DoorDash by 361.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after buying an additional 307 shares in the last quarter. Finally, Covestor Ltd grew its holdings in DoorDash by 101.2% during the third quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after buying an additional 253 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

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.