DoorDash (NASDAQ:DASH) PT Lowered to $145.00 at Truist Financial

DoorDash (NASDAQ:DASH) had its price objective reduced by Truist Financial from $155.00 to $145.00 in a research note released on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also weighed in on the stock. Susquehanna upped their target price on shares of DoorDash from $110.00 to $135.00 and gave the stock a positive rating in a research report on Tuesday, February 20th. BMO Capital Markets lifted their target price on DoorDash from $120.00 to $138.00 and gave the stock an outperform rating in a report on Friday, February 16th. UBS Group decreased their target price on DoorDash from $123.00 to $118.00 and set a neutral rating on the stock in a research report on Friday, February 16th. The Goldman Sachs Group raised their price target on DoorDash from $109.00 to $122.00 and gave the company a neutral rating in a report on Friday, February 16th. Finally, Mizuho upped their price objective on DoorDash from $140.00 to $152.00 and gave the stock a buy rating in a report on Friday, February 16th. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, DoorDash currently has an average rating of Moderate Buy and a consensus price target of $129.96.

DoorDash Price Performance

Shares of DASH stock traded down $0.50 on Thursday, hitting $113.81. 6,210,790 shares of the stock traded hands, compared to its average volume of 4,293,060. DoorDash has a 52 week low of $60.36 and a 52 week high of $143.34. The firm has a 50 day simple moving average of $131.86 and a two-hundred day simple moving average of $110.13. The firm has a market cap of $45.98 billion, a price-to-earnings ratio of -105.38, a PEG ratio of 13.07 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.45 billion. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The business’s revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.41) earnings per share. Sell-side analysts forecast that DoorDash will post 0.17 EPS for the current year.

Insider Transactions at DoorDash

In other DoorDash news, CAO Gordon S. Lee sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $124.50, for a total value of $124,500.00. Following the completion of the sale, the chief accounting officer now directly owns 92,207 shares in the company, valued at $11,479,771.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Tony Xu sold 132,300 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $131.96, for a total transaction of $17,458,308.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Gordon S. Lee sold 1,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $124.50, for a total transaction of $124,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 92,207 shares of the company’s stock, valued at $11,479,771.50. The disclosure for this sale can be found here. Insiders have sold a total of 487,782 shares of company stock valued at $64,046,807 in the last 90 days. Insiders own 9.59% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DASH. Versor Investments LP acquired a new position in shares of DoorDash in the 3rd quarter valued at $556,000. Assenagon Asset Management S.A. grew its stake in DoorDash by 1,725.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock valued at $110,082,000 after purchasing an additional 1,052,198 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of DoorDash in the fourth quarter valued at about $769,000. Angeles Investment Advisors LLC acquired a new stake in shares of DoorDash during the third quarter worth about $336,000. Finally, Bank of Nova Scotia lifted its holdings in shares of DoorDash by 685.9% during the third quarter. Bank of Nova Scotia now owns 46,751 shares of the company’s stock worth $3,715,000 after purchasing an additional 40,802 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

About DoorDash

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.