DoorDash (NASDAQ:DASH) Price Target Raised to $225.00 at KeyCorp

DoorDash (NASDAQ:DASH - Free Report) had its target price hoisted by KeyCorp from $180.00 to $225.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued reports about the company. BMO Capital Markets upped their target price on DoorDash from $140.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Royal Bank of Canada upped their price objective on shares of DoorDash from $175.00 to $215.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. UBS Group lifted their target price on shares of DoorDash from $143.00 to $160.00 and gave the company a "neutral" rating in a research report on Friday, October 18th. Citigroup boosted their target price on shares of DoorDash from $155.00 to $211.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Finally, Argus raised shares of DoorDash from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $172.79.

DoorDash Price Performance

DASH stock traded up $3.72 during midday trading on Thursday, hitting $173.72. 2,187,247 shares of the stock traded hands, compared to its average volume of 2,378,429. DoorDash has a 1-year low of $97.02 and a 1-year high of $181.78. The stock's fifty day simple moving average is $172.80 and its 200-day simple moving average is $143.21. The firm has a market cap of $72.16 billion, a P/E ratio of -386.04, a PEG ratio of 13.56 and a beta of 1.71.

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

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the sale, the director now directly owns 18,089 shares in the company, valued at $2,710,274.87. This represents a 73.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tony Xu sold 108,332 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $170.35, for a total transaction of $18,454,356.20. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares of the company's stock, valued at $255,525. This represents a 98.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,032,694 shares of company stock valued at $175,964,786 over the last quarter. 7.92% of the stock is owned by company insiders.

Institutional Investors Weigh In On DoorDash

Several large investors have recently bought and sold shares of DASH. Baillie Gifford & Co. increased its stake in shares of DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company's stock worth $2,018,584,000 after buying an additional 1,645,186 shares during the period. Dragoneer Investment Group LLC increased its position in shares of DoorDash by 77.9% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company's stock valued at $309,755,000 after purchasing an additional 1,246,567 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of DoorDash by 216.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company's stock valued at $154,486,000 after purchasing an additional 739,961 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of DoorDash by 3,284.7% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company's stock valued at $79,385,000 after purchasing an additional 708,218 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of DoorDash by 14.5% during the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company's stock worth $789,766,000 after purchasing an additional 700,465 shares in the last quarter. 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.