DoorDash’s (DASH) Buy Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reiterated their buy rating on shares of DoorDash (NASDAQ:DASH) in a report published on Monday morning, MarketBeat reports. They currently have a $315.00 target price on the stock.

Other research analysts have also issued reports about the stock. KeyCorp restated an “overweight” rating and set a $325.00 price objective (up from $295.00) on shares of DoorDash in a research note on Thursday, August 7th. JMP Securities boosted their price objective on shares of DoorDash from $250.00 to $335.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 7th. Oppenheimer boosted their price objective on shares of DoorDash from $310.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Loop Capital restated a “buy” rating on shares of DoorDash in a research note on Tuesday, July 15th. Finally, Citigroup restated an “outperform” rating on shares of DoorDash in a research note on Thursday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $291.88.

DoorDash Stock Up 1.8%

Shares of DASH stock opened at $266.06 on Monday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.30. DoorDash has a 1 year low of $152.26 and a 1 year high of $285.50. The firm’s fifty day moving average price is $260.66 and its two-hundred day moving average price is $235.04. The firm has a market capitalization of $113.66 billion, a P/E ratio of 147.81 and a beta of 1.71.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.23. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company’s revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.38) EPS. On average, equities analysts predict that DoorDash will post 2.22 EPS for the current fiscal year.

Insider Transactions at DoorDash

In other DoorDash news, CEO Tony Xu sold 34,166 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $268.24, for a total value of $9,164,687.84. Following the completion of the sale, the chief executive officer owned 520,450 shares of the company’s stock, valued at $139,605,508. The trade was a 6.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Prabir Adarkar sold 24,968 shares of the business’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $272.32, for a total transaction of $6,799,285.76. Following the completion of the sale, the chief operating officer directly owned 909,579 shares of the company’s stock, valued at $247,696,553.28. This represents a 2.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 928,114 shares of company stock worth $232,553,670. Company insiders own 5.83% of the company’s stock.

Institutional Trading of DoorDash

Institutional investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in shares of DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after acquiring an additional 1,807 shares during the period. GAMMA Investing LLC lifted its holdings in shares of DoorDash by 70.4% during the 1st quarter. GAMMA Investing LLC now owns 1,922 shares of the company’s stock worth $351,000 after acquiring an additional 794 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of DoorDash during the 1st quarter worth approximately $324,000. KBC Group NV lifted its holdings in shares of DoorDash by 6.1% during the 1st quarter. KBC Group NV now owns 53,582 shares of the company’s stock worth $9,794,000 after acquiring an additional 3,090 shares during the period. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in shares of DoorDash during the 1st quarter worth approximately $1,593,000. Institutional investors 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.