DoorDash (NASDAQ:DASH) Coverage Initiated at FBN Securities

Equities research analysts at FBN Securities initiated coverage on shares of DoorDash (NASDAQ:DASH - Get Free Report) in a research report issued to clients and investors on Friday, Marketbeat reports. The firm set an "outperform" rating and a $230.00 price target on the stock. FBN Securities' price objective indicates a potential upside of 26.36% from the company's previous close.

A number of other equities research analysts have also recently issued reports on DASH. Truist Financial upped their price objective on DoorDash from $217.00 to $235.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. KeyCorp increased their target price on DoorDash from $180.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Oppenheimer restated a "hold" rating on shares of DoorDash in a research note on Monday, March 10th. Benchmark lifted their target price on DoorDash from $180.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Susquehanna raised their price target on shares of DoorDash from $180.00 to $235.00 and gave the stock a "positive" rating in a research report on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $207.21.

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DoorDash Stock Performance

Shares of DASH stock traded down $0.75 during trading hours on Friday, hitting $182.03. The company had a trading volume of 1,296,076 shares, compared to its average volume of 4,111,510. The firm has a market capitalization of $76.47 billion, a price-to-earnings ratio of 674.36 and a beta of 1.70. DoorDash has a 12 month low of $99.32 and a 12 month high of $215.25. The firm's fifty day moving average is $192.17 and its 200 day moving average is $172.76.

Insider Transactions at DoorDash

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 completion of 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 filing with the SEC, which is available through this link. Also, insider Keith Yandell sold 8,116 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the transaction, the insider now owns 105,162 shares in the company, valued at $21,395,208.90. The trade was a 7.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 351,445 shares of company stock valued at $62,258,130. Corporate insiders own 7.92% of the company's stock.

Institutional Investors Weigh In On DoorDash

A number of large investors have recently bought and sold shares of DASH. Pittenger & Anderson Inc. bought a new position in shares of DoorDash during the 4th quarter worth about $29,000. Denver PWM LLC bought a new position in DoorDash in the fourth quarter worth approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash in the fourth quarter valued at approximately $34,000. ORG Wealth Partners LLC bought a new stake in shares of DoorDash during the fourth quarter valued at approximately $36,000. Finally, 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. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.