DoorDash, Inc. (NASDAQ:DASH - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The company traded as high as $215.25 and last traded at $212.35, with a volume of 473001 shares changing hands. The stock had previously closed at $213.38.
Wall Street Analyst Weigh In
DASH has been the topic of a number of analyst reports. UBS Group lifted their target price on DoorDash from $200.00 to $204.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 12th. Mizuho lifted their price objective on DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. BMO Capital Markets reiterated an "outperform" rating and set a $240.00 target price (up from $180.00) on shares of DoorDash in a research note on Wednesday, February 12th. Truist Financial increased their target price on DoorDash from $217.00 to $235.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, Oppenheimer increased their target price on DoorDash from $180.00 to $235.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and an average target price of $205.45.
View Our Latest Research Report on DASH
DoorDash Stock Down 1.1 %
The business's 50 day moving average is $182.56 and its two-hundred day moving average is $160.77. The firm has a market capitalization of $83.99 billion, a P/E ratio of 740.52 and a beta of 1.72.
Insiders Place Their Bets
In other news, CEO Tony Xu sold 108,334 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total value of $19,507,703.38. Following the sale, the chief executive officer now owns 1,500 shares of the company's stock, valued at approximately $270,105. The trade was a 98.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Prabir Adarkar sold 20,000 shares of the business's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total value of $3,616,600.00. Following the completion of the sale, the chief operating officer now directly owns 925,222 shares in the company, valued at $167,307,894.26. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 812,035 shares of company stock worth $142,357,630. 7.92% of the stock is owned by corporate insiders.
Institutional Trading of DoorDash
A number of hedge funds and other institutional investors have recently made changes to their positions in DASH. GeoWealth Management LLC increased its holdings in shares of DoorDash by 3.7% in the fourth quarter. GeoWealth Management LLC now owns 1,428 shares of the company's stock valued at $240,000 after buying an additional 51 shares in the last quarter. IFP Advisors Inc raised its position in shares of DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company's stock worth $46,000 after buying an additional 69 shares during the period. Avestar Capital LLC raised its holdings in DoorDash by 1.1% during the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company's stock worth $1,110,000 after buying an additional 75 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in DoorDash by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company's stock worth $1,970,000 after buying an additional 84 shares during the period. 90.64% of the stock is currently owned by institutional investors.
DoorDash Company Profile
(
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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