Brokerages Set DoorDash, Inc. (NASDAQ:DASH) Price Target at $280.43

Shares of DoorDash, Inc. (NASDAQ:DASH) have earned a consensus rating of “Moderate Buy” from the thirty-six ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-five have issued a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $280.2857.

A number of research analysts have recently commented on the company. DA Davidson reiterated a “neutral” rating and issued a $260.00 price objective on shares of DoorDash in a report on Thursday, November 6th. Truist Financial upped their price target on DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Needham & Company LLC cut their price objective on shares of DoorDash from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Susquehanna reduced their price objective on shares of DoorDash from $300.00 to $250.00 and set a “positive” rating for the company in a research report on Friday, November 7th. Finally, Morgan Stanley upped their target price on shares of DoorDash from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 20th.

Insider Transactions at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 15,000 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $204.59, for a total value of $3,068,850.00. Following the completion of the transaction, the chief operating officer owned 874,130 shares in the company, valued at $178,838,256.70. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $222.53, for a total value of $10,105,087.30. The disclosure for this sale is available in the SEC filing. Insiders sold 632,885 shares of company stock valued at $133,222,817 over the last quarter. 5.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DASH. Gilbert & Cook Inc. increased its holdings in shares of DoorDash by 2.6% in the 2nd quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock valued at $415,000 after acquiring an additional 42 shares during the period. Resonant Capital Advisors LLC grew its position in DoorDash by 3.5% during the 3rd quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock worth $334,000 after purchasing an additional 42 shares during the last quarter. Premier Path Wealth Partners LLC grew its position in DoorDash by 1.9% during the 3rd quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock worth $657,000 after purchasing an additional 45 shares during the last quarter. Advisory Resource Group increased its stake in DoorDash by 0.8% in the second quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock valued at $1,423,000 after purchasing an additional 48 shares during the period. Finally, Quotient Wealth Partners LLC raised its holdings in shares of DoorDash by 3.2% in the third quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company’s stock valued at $418,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

DoorDash Price Performance

Shares of DASH opened at $204.62 on Wednesday. The firm has a market capitalization of $88.19 billion, a price-to-earnings ratio of 103.87 and a beta of 1.70. The firm’s fifty day simple moving average is $217.75 and its 200-day simple moving average is $237.98. DoorDash has a twelve month low of $155.40 and a twelve month high of $285.50. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29.

DoorDash (NASDAQ:DASH) last posted its earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period last year, the company earned $0.38 EPS. The business’s quarterly revenue was up 27.3% compared to the same quarter last year. Equities analysts forecast that DoorDash will post 2.22 EPS for the current fiscal year.

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.