DoorDash (NASDAQ:DASH) Given a $300.00 Price Target at Susquehanna

DoorDash (NASDAQ:DASH) received a $300.00 target price from equities researchers at Susquehanna in a research note issued to investors on Monday, MarketBeat reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target points to a potential upside of 18.02% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Wall Street Zen raised shares of DoorDash from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Truist Financial increased their price objective on shares of DoorDash from $272.00 to $326.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $325.00 price objective (up previously from $275.00) on shares of DoorDash in a research report on Thursday, August 7th. Wedbush restated a “neutral” rating on shares of DoorDash in a report on Friday. Finally, Needham & Company LLC set a $300.00 price target on shares of DoorDash and gave the company a “buy” rating in a research report on Thursday, August 7th. Twelve equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.88.

DoorDash Stock Performance

NASDAQ:DASH traded down $10.12 during mid-day trading on Monday, hitting $254.20. The company’s stock had a trading volume of 4,378,029 shares, compared to its average volume of 4,779,165. DoorDash has a 1 year low of $122.32 and a 1 year high of $278.15. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market cap of $107.71 billion, a price-to-earnings ratio of 141.22 and a beta of 1.70. The business’s fifty day moving average is $237.98 and its two-hundred day moving average is $207.72.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the firm earned ($0.38) EPS. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. Analysts anticipate that DoorDash will post 2.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 44,244 shares of the business’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $220.71, for a total transaction of $9,765,093.24. Following the completion of the sale, the chief executive officer directly owned 520,450 shares in the company, valued at approximately $114,868,519.50. The trade was a 7.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $275.74, for a total value of $13,787,000.00. Following the completion of the transaction, the director directly owned 22,545 shares in the company, valued at $6,216,558.30. This trade represents a 68.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 635,187 shares of company stock valued at $147,955,804 over the last three months. 5.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DoorDash

Several institutional investors have recently modified their holdings of DASH. Gilbert & Cook Inc. boosted its stake in shares of DoorDash by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock worth $415,000 after buying an additional 42 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in shares of DoorDash by 1.3% during the second quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock valued at $912,000 after acquiring an additional 46 shares during the last quarter. Advisory Resource Group raised its holdings in shares of DoorDash by 0.8% during the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock valued at $1,423,000 after acquiring an additional 48 shares during the last quarter. GeoWealth Management LLC raised its holdings in shares of DoorDash by 3.7% during the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock valued at $240,000 after acquiring an additional 51 shares during the last quarter. Finally, Yeomans Consulting Group Inc. increased its holdings in shares of DoorDash by 3.9% in the second quarter. Yeomans Consulting Group Inc. now owns 1,369 shares of the company’s stock valued at $326,000 after purchasing an additional 51 shares during the last quarter. 90.64% of the stock is 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.