DoorDash (NASDAQ:DASH) PT Raised to $144.00 at Citigroup

DoorDash (NASDAQ:DASH) had its target price raised by research analysts at Citigroup from $141.00 to $144.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 26.53% from the stock’s current price.

A number of other equities research analysts also recently commented on DASH. Deutsche Bank Aktiengesellschaft raised their price objective on shares of DoorDash from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group raised their price target on DoorDash from $109.00 to $122.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Benchmark dropped their price objective on DoorDash from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday. Roth Mkm cut their price objective on DoorDash from $121.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Morgan Stanley upgraded shares of DoorDash from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $135.00 to $145.00 in a research report on Thursday, February 22nd. Nine research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $129.96.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $113.81 on Thursday. The stock has a fifty day moving average price of $132.02 and a 200 day moving average price of $109.87. DoorDash has a 1-year low of $60.36 and a 1-year high of $143.34. 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 announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.38%. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the firm earned ($0.41) EPS. DoorDash’s quarterly revenue was up 23.5% on a year-over-year basis. Analysts anticipate that DoorDash will post 0.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Ravi Inukonda sold 7,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $130.95, for a total value of $916,650.00. Following the completion of the transaction, the chief financial officer now owns 384,425 shares of the company’s stock, valued at approximately $50,340,453.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other DoorDash news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $130.95, for a total value of $916,650.00. Following the completion of the sale, the chief financial officer now directly owns 384,425 shares of the company’s stock, valued at approximately $50,340,453.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Gordon S. Lee sold 1,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $124.50, for a total value of $124,500.00. Following the completion of the transaction, the chief accounting officer now owns 92,207 shares of the company’s stock, valued at $11,479,771.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 487,782 shares of company stock valued at $64,046,807. Corporate insiders own 9.59% of the company’s stock.

Institutional Trading of DoorDash

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DASH. Norges Bank purchased a new position in shares of DoorDash during the 4th quarter worth about $264,806,000. Vanguard Group Inc. increased its position in DoorDash by 8.4% during the fourth 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. Franklin Resources Inc. raised its stake in DoorDash by 294.5% during the fourth quarter. Franklin Resources Inc. now owns 1,607,776 shares of the company’s stock worth $158,993,000 after purchasing an additional 1,200,181 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of DoorDash by 1,725.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock valued at $110,082,000 after purchasing an additional 1,052,198 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in shares of DoorDash by 40,319.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,039,592 shares of the company’s stock valued at $102,805,000 after buying an additional 1,037,020 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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.