DoorDash, Inc. (NASDAQ:DASH - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $185.38 and last traded at $184.51, with a volume of 2637573 shares trading hands. The stock had previously closed at $182.48.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. DA Davidson raised their price target on DoorDash from $119.00 to $150.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 target price on shares of DoorDash in a research note on Tuesday. Royal Bank of Canada upped their price target on DoorDash from $175.00 to $215.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Piper Sandler lifted their price objective on shares of DoorDash from $125.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Finally, JMP Securities restated a "market outperform" rating and set a $200.00 price objective on shares of DoorDash in a research report on Thursday, January 2nd. Nine equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $178.18.
Check Out Our Latest Stock Report on DASH
DoorDash Price Performance
The business's 50-day moving average price is $175.29 and its two-hundred day moving average price is $151.25. The firm has a market cap of $78.44 billion, a price-to-earnings ratio of -419.62, a price-to-earnings-growth ratio of 1.93 and a beta of 1.71.
DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the prior year, the company posted ($0.19) EPS. The company's quarterly revenue was up 25.0% compared to the same quarter last year. As a group, sell-side analysts forecast that DoorDash, Inc. will post 0.29 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Andy Fang sold 50,000 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the completion of the sale, the director now directly owns 16,176 shares of the company's stock, valued at approximately $2,722,744.32. This represents a 75.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tony Xu sold 108,332 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $170.25, for a total value of $18,443,523.00. Following the completion of the sale, the chief executive officer now owns 1,500 shares of the company's stock, valued at approximately $255,375. This trade represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,040,758 shares of company stock valued at $181,434,201. Insiders own 7.92% of the company's stock.
Institutional Trading of DoorDash
A number of hedge funds have recently made changes to their positions in DASH. Rakuten Securities Inc. grew its stake in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company's stock valued at $25,000 after purchasing an additional 130 shares in the last quarter. Pittenger & Anderson Inc. bought a new stake in shares of DoorDash in the 4th quarter worth about $29,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash in the 4th quarter valued at about $34,000. ORG Wealth Partners LLC bought a new position in shares of DoorDash during the fourth quarter worth about $36,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in DoorDash by 34.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.
About DoorDash
(
Get Free Report)
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.
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