DoorDash, Inc. (NASDAQ:DASH) Receives $175.97 Average Target Price from Analysts

Shares of DoorDash, Inc. (NASDAQ:DASH - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the thirty-four analysts that are presently covering the firm, Marketbeat reports. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $175.97.

Several research firms recently issued reports on DASH. Wells Fargo & Company raised their price objective on shares of DoorDash from $150.00 to $166.00 and gave the stock an "equal weight" rating in a research report on Thursday. Jefferies Financial Group raised their price objective on shares of DoorDash from $155.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upgraded shares of DoorDash from a "market perform" rating to an "outperform" rating and set a $177.00 price target for the company in a research report on Wednesday, September 25th. Barclays lifted their price target on shares of DoorDash from $120.00 to $163.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $160.00 price target on shares of DoorDash in a research report on Monday, October 7th.

DoorDash Stock Performance

Shares of NASDAQ:DASH traded up $3.63 during midday trading on Friday, hitting $174.48. The company's stock had a trading volume of 3,653,938 shares, compared to its average volume of 2,062,418. The business's 50 day simple moving average is $173.60 and its 200 day simple moving average is $145.73. The company has a market cap of $72.48 billion, a P/E ratio of -387.73, a price-to-earnings-growth ratio of 1.77 and a beta of 1.71. DoorDash has a 12-month low of $99.32 and a 12-month high of $181.78.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The firm had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same period last year, the business earned ($0.19) earnings per share. DoorDash's revenue was up 25.0% compared to the same quarter last year. On average, sell-side analysts predict that DoorDash will post 0.26 earnings per share for the current fiscal year.

Insider Transactions at DoorDash

In related news, insider Keith Yandell sold 4,474 shares of the company's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $177.36, for a total value of $793,508.64. Following the completion of the sale, the insider now owns 114,238 shares in the company, valued at $20,261,251.68. This represents a 3.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stanley Tang sold 1,855 shares of the company's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $315,312.90. Following the completion of the sale, the director now owns 35,413 shares of the company's stock, valued at approximately $6,019,501.74. This trade represents a 4.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,019,333 shares of company stock worth $177,556,541. 7.92% of the stock is currently owned by insiders.

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently bought and sold shares of the business. Baillie Gifford & Co. raised its position in DoorDash by 13.2% in the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock valued at $2,018,584,000 after purchasing an additional 1,645,186 shares during the last quarter. State Street Corp increased its stake in DoorDash by 3.8% in the 3rd quarter. State Street Corp now owns 7,395,891 shares of the company's stock valued at $1,055,616,000 after buying an additional 272,659 shares during the period. Janus Henderson Group PLC increased its stake in DoorDash by 14.5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company's stock valued at $789,766,000 after buying an additional 700,465 shares during the period. Geode Capital Management LLC increased its stake in DoorDash by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company's stock valued at $636,652,000 after buying an additional 267,855 shares during the period. Finally, Franklin Resources Inc. increased its stake in DoorDash by 15.2% in the 3rd quarter. Franklin Resources Inc. now owns 3,800,396 shares of the company's stock valued at $570,135,000 after buying an additional 501,905 shares during the period. Hedge funds and other 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.