DoorDash (NASDAQ:DASH) Price Target Raised to $200.00

DoorDash (NASDAQ:DASH) had its price target hoisted by Loop Capital from $170.00 to $200.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also commented on DASH. Oppenheimer increased their price target on DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Susquehanna increased their target price on DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Mizuho boosted their price target on shares of DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JMP Securities increased their price objective on shares of DoorDash from $160.00 to $190.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets boosted their target price on shares of DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $164.03.

DoorDash Price Performance

DoorDash stock opened at $173.80 on Tuesday. DoorDash has a 1 year low of $92.56 and a 1 year high of $178.16. The firm’s 50 day moving average price is $148.09 and its 200-day moving average price is $126.74. The stock has a market cap of $72.20 billion, a P/E ratio of -386.22, a PEG ratio of 14.85 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the previous year, the firm posted ($0.19) EPS. DoorDash’s revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, equities analysts expect that DoorDash will post 0.24 EPS for the current year.

Insider Transactions at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $127.86, for a total transaction of $895,020.00. Following the sale, the chief financial officer now owns 396,152 shares of the company’s stock, valued at approximately $50,651,994.72. This trade represents a 1.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 81,249 shares of the business’s 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 90 days, insiders have sold 324,539 shares of company stock valued at $46,439,330. 7.92% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DoorDash

Institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its position in shares of DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares during the last quarter. Capital World Investors raised its stake in shares of DoorDash by 0.8% during the 1st quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock worth $1,304,242,000 after acquiring an additional 74,504 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in DoorDash by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock valued at $753,281,000 after acquiring an additional 242,956 shares during the last quarter. Janus Henderson Group PLC boosted its stake in DoorDash by 11,416.7% in the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after acquiring an additional 3,425,115 shares in the last quarter. Finally, Dragoneer Investment Group LLC boosted its stake in DoorDash by 77.9% in the second quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after acquiring an additional 1,246,567 shares in 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.