Analysts Set DoorDash, Inc. (NASDAQ:DASH) PT at $163.12

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirty-four brokerages that are presently covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and twenty-four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $163.12.

A number of research firms have recently weighed in on DASH. Redburn Atlantic assumed coverage on DoorDash in a report on Friday, July 26th. They issued a "buy" rating and a $170.00 price target for the company. Mizuho boosted their target price on shares of DoorDash from $162.00 to $173.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Raymond James assumed coverage on shares of DoorDash in a research note on Tuesday, September 24th. They set an "outperform" rating and a $155.00 price target on the stock. Truist Financial lifted their price target on shares of DoorDash from $170.00 to $180.00 and gave the stock a "buy" rating in a report on Thursday. Finally, BTIG Research raised shares of DoorDash from a "neutral" rating to a "buy" rating and set a $155.00 price objective on the stock in a research note on Thursday, September 19th.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 7,000 shares of the company's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $127.86, for a total value of $895,020.00. Following the completion of the transaction, the chief financial officer now directly owns 396,152 shares in the company, valued at approximately $50,651,994.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other DoorDash news, CEO Tony Xu sold 54,166 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $123.43, for a total transaction of $6,685,709.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $127.86, for a total value of $895,020.00. Following the sale, the chief financial officer now owns 396,152 shares in the company, valued at $50,651,994.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 378,705 shares of company stock valued at $53,125,040 over the last 90 days. 7.92% of the stock is owned by corporate insiders.

Institutional Trading of DoorDash

A number of hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management LLC boosted its stake in DoorDash by 1,344.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 425,133 shares of the company's stock valued at $60,679,000 after acquiring an additional 395,707 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of DoorDash by 6.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 112,742 shares of the company's stock worth $16,092,000 after purchasing an additional 6,352 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in DoorDash by 6.2% in the third quarter. TimesSquare Capital Management LLC now owns 447,665 shares of the company's stock worth $63,895,000 after purchasing an additional 26,020 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in DoorDash in the third quarter valued at about $1,781,000. Finally, Long Walk Management LP acquired a new stake in DoorDash during the third quarter valued at approximately $16,271,000. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Stock Performance

NASDAQ:DASH traded up $1.58 during mid-day trading on Monday, hitting $157.24. 2,326,370 shares of the company's stock traded hands, compared to its average volume of 3,837,630. DoorDash has a 1 year low of $83.58 and a 1 year high of $165.07. The company has a market cap of $64.71 billion, a PE ratio of -349.42, a price-to-earnings-growth ratio of 359.82 and a beta of 1.67. The firm's 50 day simple moving average is $140.40 and its 200 day simple moving average is $124.10.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping 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 business had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.66 billion. During the same period last year, the company posted ($0.19) EPS. The company's revenue was up 25.0% on a year-over-year basis. On average, research analysts expect that DoorDash will post 0.01 earnings per share for the current fiscal year.

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.