DoorDash (NASDAQ:DASH) PT Raised to $170.00 at Truist Financial

DoorDash (NASDAQ:DASH) had its price objective boosted by research analysts at Truist Financial from $150.00 to $170.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 11.05% from the company’s previous close.

Other analysts have also issued reports about the company. Benchmark raised their price objective on DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Wolfe Research began coverage on shares of DoorDash in a research note on Tuesday, July 16th. They set an “outperform” rating and a $130.00 target price on the stock. JPMorgan Chase & Co. upped their target price on DoorDash from $111.00 to $137.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Susquehanna upped their price objective on DoorDash from $135.00 to $140.00 and gave the company a “positive” rating in a research note on Monday, August 5th. Finally, Argus began coverage on shares of DoorDash in a research note on Tuesday, July 23rd. They set a “hold” rating for the company. Ten equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $150.34.

DoorDash Price Performance

DASH traded up $0.19 on Tuesday, hitting $153.08. 837,500 shares of the stock were exchanged, compared to its average volume of 3,843,434. The firm has a market capitalization of $62.60 billion, a price-to-earnings ratio of -141.75, a PEG ratio of 425.82 and a beta of 1.70. DoorDash has a 12 month low of $69.90 and a 12 month high of $154.16. The business has a 50-day moving average of $135.83 and a two-hundred day moving average of $122.98.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period last year, the business earned ($0.44) earnings per share. The business’s revenue was up 23.3% compared to the same quarter last year. Equities research analysts expect that DoorDash will post 0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DoorDash news, COO Prabir Adarkar sold 32,124 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the transaction, the chief operating officer now owns 963,094 shares in the company, valued at approximately $142,528,281.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Prabir Adarkar sold 32,124 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the transaction, the chief operating officer now directly owns 963,094 shares of the company’s stock, valued at $142,528,281.06. This represents a 0.00 % 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 81,249 shares of DoorDash stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total value of $12,014,289.63. The disclosure for this sale can be found here. In the last quarter, insiders sold 390,710 shares of company stock valued at $54,472,120. Corporate insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

A number of hedge funds have recently made changes to their positions in the business. Brighton Jones LLC lifted its stake in DoorDash by 0.8% in the 2nd quarter. Brighton Jones LLC now owns 10,317 shares of the company’s stock worth $1,122,000 after purchasing an additional 82 shares in the last quarter. Everhart Financial Group Inc. boosted its stake in DoorDash by 3.1% during the second quarter. Everhart Financial Group Inc. now owns 3,267 shares of the company’s stock valued at $355,000 after buying an additional 99 shares during the last quarter. E Fund Management Co. Ltd. grew its holdings in DoorDash by 3.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 3,263 shares of the company’s stock valued at $355,000 after buying an additional 111 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in DoorDash by 21.0% in the 2nd quarter. SJS Investment Consulting Inc. now owns 673 shares of the company’s stock worth $73,000 after acquiring an additional 117 shares during the last quarter. Finally, Meeder Advisory Services Inc. increased its stake in DoorDash by 4.4% in the 1st quarter. Meeder Advisory Services Inc. now owns 3,006 shares of the company’s stock worth $414,000 after acquiring an additional 126 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

DoorDash Company Profile

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.