DoorDash (NASDAQ:DASH) Given New $212.00 Price Target at The Goldman Sachs Group

DoorDash (NASDAQ:DASH) had its price objective lifted by The Goldman Sachs Group from $192.00 to $212.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts also recently commented on the stock. Wolfe Research boosted their target price on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. UBS Group upped their price objective on DoorDash from $182.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Evercore ISI raised their target price on DoorDash from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday. KeyCorp increased their price target on shares of DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, Jefferies Financial Group increased their target price on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average target price of $202.67.

DoorDash Trading Up 4.0 %

NASDAQ DASH opened at $200.89 on Wednesday. DoorDash has a 52 week low of $99.32 and a 52 week high of $201.17. The firm has a 50 day moving average of $178.00 and a two-hundred day moving average of $156.37.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the completion of the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $255,375. This represents a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $168.32, for a total value of $8,416,000.00. Following the sale, the director now owns 16,176 shares of the company’s stock, valued at $2,722,744.32. The trade was a 75.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,040,758 shares of company stock worth $181,434,201 in the last 90 days. 7.92% of the stock is owned by company insiders.

Hedge Funds Weigh In On DoorDash

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in shares of DoorDash by 6.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 92,012 shares of the company’s stock valued at $15,435,000 after purchasing an additional 5,617 shares during the period. Aviva PLC increased its stake in shares of DoorDash by 1,306.8% in the fourth quarter. Aviva PLC now owns 186,790 shares of the company’s stock worth $31,334,000 after buying an additional 173,512 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new position in DoorDash during the 4th quarter valued at $15,134,000. Prudential PLC increased its position in shares of DoorDash by 33.5% in the 4th quarter. Prudential PLC now owns 6,871 shares of the company’s stock worth $1,153,000 after purchasing an additional 1,723 shares during the last quarter. Finally, ExodusPoint Capital Management LP increased its position in shares of DoorDash by 39.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 85,917 shares of the company’s stock worth $14,413,000 after purchasing an additional 24,466 shares during the last quarter. Hedge funds and other 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.