Cantor Fitzgerald Cuts DoorDash (NASDAQ:DASH) Price Target to $210.00

DoorDash (NASDAQ:DASH - Get Free Report) had its price objective cut by equities research analysts at Cantor Fitzgerald from $230.00 to $210.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Cantor Fitzgerald's price target indicates a potential upside of 15.87% from the company's current price. Cantor Fitzgerald also issued estimates for DoorDash's FY2025 earnings at $1.48 EPS.

Several other brokerages have also recently issued reports on DASH. Loop Capital increased their target price on shares of DoorDash from $200.00 to $235.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Needham & Company LLC reiterated a "buy" rating on shares of DoorDash in a research note on Monday, March 3rd. UBS Group lifted their price objective on shares of DoorDash from $200.00 to $204.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Truist Financial upped their target price on DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada lifted their price target on DoorDash from $215.00 to $230.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Ten investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $208.88.

DoorDash Trading Up 1.0 %

Shares of DASH traded up $1.85 during midday trading on Wednesday, reaching $181.24. 2,495,257 shares of the stock were exchanged, compared to its average volume of 4,253,946. The company has a market capitalization of $76.14 billion, a P/E ratio of 671.26 and a beta of 1.69. DoorDash has a 52 week low of $99.32 and a 52 week high of $215.25. The company's 50 day moving average is $188.90 and its two-hundred day moving average is $176.67.

Insider Activity

In other news, Director Andy Fang sold 1,398 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $284,423.10. Following the sale, the director now owns 14,778 shares of the company's stock, valued at $3,006,584.10. This trade represents a 8.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ravi Inukonda sold 1,425 shares of the business's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the completion of the transaction, the chief financial officer now owns 366,993 shares of the company's stock, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 158,511 shares of company stock valued at $30,308,544 in the last quarter. 7.92% of the stock is currently owned by company insiders.

Institutional Trading of DoorDash

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swedbank AB grew its position in shares of DoorDash by 3.3% during the 4th quarter. Swedbank AB now owns 171,055 shares of the company's stock valued at $28,694,000 after acquiring an additional 5,539 shares during the period. Sanctuary Advisors LLC grew its holdings in DoorDash by 48.8% in the third quarter. Sanctuary Advisors LLC now owns 10,663 shares of the company's stock valued at $1,522,000 after purchasing an additional 3,498 shares during the period. LVW Advisors LLC purchased a new stake in shares of DoorDash in the fourth quarter valued at approximately $236,000. Nordea Investment Management AB raised its stake in shares of DoorDash by 37.5% during the 4th quarter. Nordea Investment Management AB now owns 1,746,379 shares of the company's stock worth $294,701,000 after buying an additional 476,360 shares during the period. Finally, Retireful LLC raised its stake in shares of DoorDash by 121.4% during the 4th quarter. Retireful LLC now owns 9,621 shares of the company's stock worth $1,614,000 after buying an additional 5,275 shares during the period. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Company Profile

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.