DoorDash (NASDAQ:DASH) Price Target Raised to $222.00

DoorDash (NASDAQ:DASH) had its price objective raised by equities research analysts at Mizuho from $200.00 to $222.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective points to a potential upside of 14.97% from the company’s previous close.

DASH has been the subject of a number of other reports. KeyCorp upped their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Truist Financial upped their price objective on shares of DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group upped their price objective on shares of DoorDash from $161.00 to $192.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Needham & Company LLC upped their target price on shares of DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Bank of America upped their target price on shares of DoorDash from $172.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $184.55.

DoorDash Trading Up 0.2 %

DASH opened at $193.09 on Wednesday. The firm has a fifty day moving average price of $177.52 and a 200 day moving average price of $156.06. DoorDash has a 1 year low of $99.32 and a 1 year high of $199.17.

Insider Transactions at DoorDash

In other news, insider Keith Yandell sold 7,980 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the sale, the insider now owns 124,221 shares of the company’s stock, valued at approximately $21,115,085.58. This represents a 6.04 % 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 the SEC website. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the sale, the director now directly owns 18,089 shares in the company, valued at $3,123,427.63. This represents a 73.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,040,758 shares of company stock valued at $181,434,201. 7.92% of the stock is currently owned by corporate insiders.

Institutional Trading of DoorDash

Several hedge funds have recently added to or reduced their stakes in DASH. Baillie Gifford & Co. raised its holdings in DoorDash by 13.2% in the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in DoorDash in the fourth quarter valued at approximately $146,094,000. Allspring Global Investments Holdings LLC raised its holdings in DoorDash by 216.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock valued at $154,486,000 after acquiring an additional 739,961 shares in the last quarter. Janus Henderson Group PLC raised its holdings in DoorDash by 14.5% in the third quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after acquiring an additional 700,465 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in DoorDash by 5,396.1% in the third quarter. Thrivent Financial for Lutherans now owns 663,599 shares of the company’s stock valued at $94,716,000 after acquiring an additional 651,525 shares in the last quarter. Institutional investors and hedge funds 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.