DoorDash’s (DASH) Buy Rating Reaffirmed at BTIG Research

BTIG Research reaffirmed their buy rating on shares of DoorDash (NASDAQ:DASH) in a report issued on Thursday morning,Benzinga reports. BTIG Research currently has a $280.00 price objective on the stock.

Other analysts also recently issued research reports about the stock. Guggenheim decreased their price target on shares of DoorDash from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Morgan Stanley reissued an “overweight” rating and set a $275.00 price target on shares of DoorDash in a research report on Thursday, February 19th. The Goldman Sachs Group set a $267.00 price target on shares of DoorDash in a research report on Monday, February 2nd. Piper Sandler reaffirmed a “neutral” rating and issued a $220.00 price objective (down from $230.00) on shares of DoorDash in a report on Thursday, February 19th. Finally, KeyCorp lifted their price objective on shares of DoorDash from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $257.86.

DoorDash Stock Down 4.2%

Shares of DASH stock traded down $7.27 during mid-day trading on Thursday, reaching $164.08. 3,066,446 shares of the company were exchanged, compared to its average volume of 4,875,092. DoorDash has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $71.28 billion, a P/E ratio of 78.58 and a beta of 1.87. The business’s 50 day simple moving average is $167.01 and its 200 day simple moving average is $197.00.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.76%. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the company earned $0.44 earnings per share. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. Research analysts predict that DoorDash will post 2.42 earnings per share for the current year.

Insiders Place Their Bets

In other DoorDash news, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction on Monday, March 9th. The shares were sold at an average price of $176.61, for a total value of $220,762.50. Following the completion of the transaction, the director owned 31,002 shares of the company’s stock, valued at $5,475,263.22. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Prabir Adarkar sold 10,000 shares of DoorDash stock in a transaction on Monday, April 20th. The stock was sold at an average price of $188.34, for a total transaction of $1,883,400.00. Following the completion of the transaction, the chief operating officer directly owned 843,678 shares of the company’s stock, valued at approximately $158,898,314.52. This represents a 1.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 43,933 shares of company stock valued at $7,135,413 over the last 90 days. 5.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On DoorDash

Hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its stake in DoorDash by 5.0% in the third quarter. American Century Companies Inc. now owns 485,088 shares of the company’s stock valued at $131,941,000 after buying an additional 22,944 shares during the last quarter. Caprock Group LLC bought a new stake in shares of DoorDash during the third quarter valued at about $3,169,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of DoorDash during the fourth quarter valued at about $41,712,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of DoorDash by 7.1% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 806,191 shares of the company’s stock valued at $219,276,000 after purchasing an additional 53,722 shares in the last quarter. Finally, Jefferies Financial Group Inc. raised its stake in shares of DoorDash by 136.6% during the third quarter. Jefferies Financial Group Inc. now owns 42,355 shares of the company’s stock valued at $11,520,000 after purchasing an additional 24,454 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

DoorDash News Roundup

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Q1 beat on profit and record membership/MAU growth — DoorDash reported adjusted EPS above estimates and highlighted record membership sign?ups and higher consumer engagement, which helped spark the post?earnings rally. Article Title
• Positive Sentiment: Stronger-than-expected Q2 order forecast — management guided marketplace gross order value (or order growth) above Street estimates, helping fuel optimism about demand across food, grocery and international expansion. Article Title
• Positive Sentiment: Analysts largely supportive — multiple firms reaffirmed buys or raised targets (Needham, BTIG, UBS, Wells Fargo) and the brokerage consensus is skewed toward a moderate buy, providing analyst support for the stock. Article Title
• Neutral Sentiment: Grocery & product improvements driving marketplace growth — management highlighted grocery expansion as a key growth driver and AI/internal productivity gains as strategic positives for longer?term unit economics. Article Title
• Neutral Sentiment: CEO comments on AI: efficiency gains noted but limited workforce change so far — a tech tailwind, but not an immediate earnings lever. Article Title
• Negative Sentiment: Driver gas relief and related costs are meaningful — DoorDash announced about $50M in immediate gas relief and has signaled ~ $100M of gas?related costs in H1, which management says will weigh on margins and force some delayed investments. That pressure helps explain profit/margin concerns despite the EPS beat. Article Title
• Negative Sentiment: Revenue missed estimates and margins narrowed — Q1 revenue came in below consensus and cost of revenue plus higher sales/marketing and R&D pushed profit down year?over?year on a GAAP basis, a near?term headwind for sentiment. Article Title
• Negative Sentiment: Some price?target trims after the print — Susquehanna lowered its target (from $250 to $225) even while keeping a positive rating, signaling divergent analyst views that can add volatility. Article Title

About DoorDash

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.