DoorDash (NASDAQ:DASH) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of DoorDash (NASDAQ:DASH) from a hold rating to a strong sell rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other analysts have also recently issued reports on the company. Wedbush upped their target price on DoorDash from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, December 19th. Mizuho decreased their target price on shares of DoorDash from $320.00 to $255.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. KeyCorp increased their target price on shares of DoorDash from $275.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Bank of America increased their target price on shares of DoorDash from $260.00 to $272.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Finally, BNP Paribas Exane initiated coverage on shares of DoorDash in a research note on Wednesday, January 14th. They set an “outperform” rating and a $280.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $261.32.

DoorDash Stock Up 10.0%

Shares of NASDAQ DASH opened at $179.93 on Monday. The stock has a market cap of $78.17 billion, a PE ratio of 84.87 and a beta of 1.93. 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 52-week low of $143.30 and a 52-week high of $285.50. The business has a 50-day moving average price of $166.04 and a 200 day moving average price of $206.95.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $3.98 billion. DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. Equities research analysts forecast that DoorDash will post 2.22 earnings per share for the current year.

Insider Activity at DoorDash

In related news, COO Prabir Adarkar sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $158.97, for a total value of $1,589,700.00. Following the completion of the sale, the chief operating officer owned 843,678 shares in the company, valued at $134,119,491.66. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stanley Tang sold 21,433 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the completion of the sale, the director owned 19,279 shares of the company’s stock, valued at approximately $2,891,850. The trade was a 52.65% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 94,406 shares of company stock worth $17,825,074 over the last 90 days. Company insiders own 5.83% of the company’s stock.

Institutional Investors Weigh In On DoorDash

A number of hedge funds have recently added to or reduced their stakes in DASH. Physician Wealth Advisors Inc. increased its holdings in DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after buying an additional 71 shares in the last quarter. Eastern Bank increased its holdings in DoorDash by 714.3% in the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. MV Capital Management Inc. purchased a new position in DoorDash in the fourth quarter valued at about $26,000. Swiss RE Ltd. purchased a new position in DoorDash in the fourth quarter valued at about $28,000. Finally, ST Germain D J Co. Inc. purchased a new position in DoorDash in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Short-term buying interest: DASH is trading with above‑average volume today, which can support near‑term upside even amid negative news. (Background market activity — no article link)
• Neutral Sentiment: Driver-safety legal update: The wife of a convicted town official who shot a DoorDash driver has pleaded guilty — a reputational and safety issue but not directly tied to DoorDash operations or financials in the short term. Read More.
• Negative Sentiment: Zacks downgraded DASH to a “Strong Sell” (Zacks Rank #5), adding formal analyst-driven downside pressure that can trigger algorithmic selling and weigh on investor sentiment. Read More.
• Negative Sentiment: Stifel lowered expectations for DoorDash, signaling weaker analyst outlooks that could temper upward revisions and hurt conviction among institutional holders. Read More.
• Negative Sentiment: White House PR stunt controversy (“DoorDash grandma”): Multiple outlets report the delivery stunt tied to former President Trump has backfired — questions about the participant’s past, viral criticism of DoorDash’s PR handling, and social-media calls to cancel. That creates brand/reputation risk which could dampen consumer preference and attract negative headlines. Read More. Read More. Read More.

DoorDash Company Profile

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.