DoorDash (NASDAQ:DASH - Free Report) had its target price trimmed by JPMorgan Chase & Co. from $205.00 to $175.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.
DASH has been the topic of a number of other reports. Piper Sandler restated a "neutral" rating and set a $210.00 target price (up from $160.00) on shares of DoorDash in a research report on Wednesday, February 12th. Wedbush raised their price objective on DoorDash from $160.00 to $210.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Loop Capital upped their target price on DoorDash from $200.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Roth Mkm lifted their price target on shares of DoorDash from $165.00 to $193.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Finally, Bank of America reduced their price objective on shares of DoorDash from $245.00 to $235.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, DoorDash currently has a consensus rating of "Moderate Buy" and an average target price of $207.39.
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DoorDash Price Performance
NASDAQ:DASH traded up $1.97 during trading hours on Tuesday, reaching $180.49. The company had a trading volume of 3,450,830 shares, compared to its average volume of 4,237,245. DoorDash has a 1-year low of $99.32 and a 1-year high of $215.25. The business's 50 day moving average price is $190.27 and its 200-day moving average price is $175.33. The firm has a market cap of $75.82 billion, a PE ratio of 668.48 and a beta of 1.69.
Insider Activity
In other DoorDash news, General Counsel Tia Sherringham sold 12,088 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 value of $2,459,303.60. Following the transaction, the general counsel now owns 122,135 shares in the company, valued at $24,848,365.75. The trade was a 9.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stanley Tang sold 45,410 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the sale, the director now owns 18,285 shares of the company's stock, valued at $3,313,424.85. This represents a 71.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 208,523 shares of company stock worth $38,726,620. 7.92% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On DoorDash
A number of hedge funds have recently bought and sold shares of DASH. Pittenger & Anderson Inc. purchased a new position in shares of DoorDash during the 4th quarter valued at approximately $29,000. Denver PWM LLC acquired a new stake in DoorDash in the fourth quarter valued at $30,000. Princeton Global Asset Management LLC bought a new position in DoorDash during the 4th quarter valued at $34,000. ORG Wealth Partners LLC acquired a new position in DoorDash during the 4th quarter worth $36,000. Finally, IFP Advisors Inc increased its position in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.
DoorDash Company Profile
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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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