DoorDash (NASDAQ:DASH) Price Target Lowered to $140.00 at JMP Securities

DoorDash (NASDAQ:DASH) had its target price decreased by equities researchers at JMP Securities from $160.00 to $140.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ target price indicates a potential upside of 23.01% from the stock’s current price.

Several other equities analysts have also issued reports on the company. UBS Group cut their price target on DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a research note on Friday, February 16th. JPMorgan Chase & Co. lifted their price target on shares of DoorDash from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday. Piper Sandler upgraded shares of DoorDash from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $53.00 to $127.00 in a report on Friday, March 15th. Royal Bank of Canada lowered their target price on shares of DoorDash from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Oppenheimer increased their target price on DoorDash from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Nine research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.96.

DoorDash Trading Down 0.4 %

Shares of NASDAQ DASH opened at $113.81 on Thursday. DoorDash has a 1-year low of $60.36 and a 1-year high of $143.34. The company has a 50-day moving average of $132.02 and a two-hundred day moving average of $109.87. The company has a market cap of $45.98 billion, a PE ratio of -105.84, a P/E/G ratio of 14.18 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.38%. DoorDash’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.41) EPS. As a group, equities research analysts forecast that DoorDash will post 0.21 earnings per share for the current year.

Insider Transactions at DoorDash

In other DoorDash news, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $109.71, for a total value of $76,797.00. Following the sale, the director now directly owns 71,514 shares in the company, valued at approximately $7,845,800.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Ravi Inukonda sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $130.95, for a total transaction of $916,650.00. Following the sale, the chief financial officer now owns 384,425 shares in the company, valued at approximately $50,340,453.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $109.71, for a total transaction of $76,797.00. Following the completion of the transaction, the director now directly owns 71,514 shares of the company’s stock, valued at $7,845,800.94. The disclosure for this sale can be found here. Insiders have sold a total of 487,782 shares of company stock valued at $64,046,807 over the last 90 days. 9.59% of the stock is owned by corporate insiders.

Institutional Trading of DoorDash

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of DoorDash by 8.4% during the 4th quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock worth $2,897,823,000 after purchasing an additional 2,259,976 shares during the last quarter. Baillie Gifford & Co. raised its stake in DoorDash by 6.4% in the fourth quarter. Baillie Gifford & Co. now owns 12,775,622 shares of the company’s stock valued at $1,263,381,000 after buying an additional 772,977 shares during the period. Capital World Investors lifted its position in shares of DoorDash by 0.6% in the fourth quarter. Capital World Investors now owns 9,395,743 shares of the company’s stock valued at $929,145,000 after buying an additional 60,033 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of DoorDash by 45.6% during the 4th quarter. First Trust Advisors LP now owns 3,079,083 shares of the company’s stock worth $304,490,000 after acquiring an additional 964,860 shares during the period. Finally, Norges Bank acquired a new position in shares of DoorDash during the 4th quarter worth approximately $264,806,000. 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.