DoorDash, Inc. (NASDAQ:DASH) Given Consensus Rating of “Moderate Buy” by Brokerages

DoorDash, Inc. (NASDAQ:DASHGet Free Report) has been assigned an average rating of “Moderate Buy” from the thirty-six analysts that are presently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation, twenty-six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $262.8235.

A number of equities analysts have issued reports on the company. Wedbush raised their target price on DoorDash from $260.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, December 19th. BNP Paribas Exane assumed coverage on shares of DoorDash in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $280.00 target price for the company. Roth Mkm reaffirmed a “neutral” rating and set a $200.00 price target on shares of DoorDash in a research note on Thursday, February 19th. UBS Group decreased their price objective on DoorDash from $245.00 to $240.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Finally, Morgan Stanley restated an “overweight” rating and set a $275.00 target price on shares of DoorDash in a report on Thursday, February 19th.

Read Our Latest Report on DoorDash

DoorDash Price Performance

DoorDash stock opened at $164.99 on Thursday. The stock has a market cap of $71.68 billion, a price-to-earnings ratio of 77.83 and a beta of 1.82. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. DoorDash has a 12-month low of $155.40 and a 12-month high of $285.50. The business’s 50-day simple moving average is $187.01 and its 200 day simple moving average is $221.07.

DoorDash (NASDAQ:DASHGet Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. As a group, research analysts anticipate that DoorDash will post 2.22 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 30,000 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $222.52, for a total value of $6,675,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tony Xu sold 16,667 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $230.00, for a total value of $3,833,410.00. Following the transaction, the chief executive officer owned 1,500 shares in the company, valued at approximately $345,000. This trade represents a 91.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 188,742 shares of company stock worth $41,498,888 in the last three months. 5.83% of the stock is owned by insiders.

Hedge Funds Weigh In On DoorDash

A number of hedge funds have recently bought and sold shares of DASH. Norges Bank bought a new position in shares of DoorDash during the fourth quarter worth approximately $1,093,650,000. Wellington Management Group LLP increased its stake in shares of DoorDash by 593.1% in the 4th quarter. Wellington Management Group LLP now owns 5,481,693 shares of the company’s stock valued at $1,241,494,000 after purchasing an additional 4,690,744 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in DoorDash by 32.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company’s stock worth $3,161,234,000 after acquiring an additional 3,447,754 shares in the last quarter. Coatue Management LLC increased its position in DoorDash by 77.8% during the 4th quarter. Coatue Management LLC now owns 4,365,365 shares of the company’s stock worth $988,668,000 after purchasing an additional 1,910,488 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in shares of DoorDash during the fourth quarter worth $372,128,000. 90.64% of the stock is owned by institutional investors.

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About DoorDash

(Get Free Report)

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

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