DoorDash (NASDAQ:DASH) Price Target Cut to $255.00 by Analysts at Mizuho

DoorDash (NASDAQ:DASH) had its price objective lowered by Mizuho from $320.00 to $255.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on DASH. Zacks Research raised DoorDash from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Guggenheim dropped their target price on shares of DoorDash from $275.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Morgan Stanley restated an “overweight” rating and set a $275.00 price target on shares of DoorDash in a report on Thursday, February 19th. BMO Capital Markets reaffirmed an “outperform” rating on shares of DoorDash in a research note on Friday, December 12th. Finally, Stifel Nicolaus lowered their price objective on shares of DoorDash from $253.00 to $224.00 and set a “hold” rating on the stock in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $262.82.

DoorDash Trading Down 0.5%

DoorDash stock opened at $175.46 on Tuesday. The firm has a market cap of $76.23 billion, a price-to-earnings ratio of 82.76 and a beta of 1.82. DoorDash has a 1 year low of $155.40 and a 1 year high of $285.50. The firm’s 50 day moving average price is $199.71 and its two-hundred day moving average price is $226.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.10). The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.98 billion. DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The business’s revenue was up 37.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. On average, research analysts predict that DoorDash will post 2.22 EPS for the current fiscal year.

Insider Activity

In other DoorDash news, Director Shona L. Brown sold 1,250 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $181.28, for a total value of $226,600.00. Following the transaction, the director owned 32,252 shares in the company, valued at $5,846,642.56. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $209.01, for a total value of $9,491,144.10. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 220,826 shares of company stock valued at $48,944,946. 5.83% of the stock is currently owned by company insiders.

Institutional Trading of DoorDash

A number of institutional investors have recently added to or reduced their stakes in DASH. Greenland Capital Management LP lifted its holdings in shares of DoorDash by 637.5% during the second quarter. Greenland Capital Management LP now owns 23,572 shares of the company’s stock worth $5,811,000 after buying an additional 20,376 shares during the last quarter. American Century Companies Inc. grew its stake in shares of DoorDash by 5.0% in the third quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock worth $131,941,000 after acquiring an additional 22,944 shares during the last quarter. Caprock Group LLC bought a new position in DoorDash during the third quarter worth $3,169,000. Geode Capital Management LLC raised its stake in DoorDash by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock valued at $1,950,711,000 after purchasing an additional 223,188 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in DoorDash by 7.1% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company’s stock valued at $219,276,000 after purchasing an additional 53,722 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.