DoorDash (NASDAQ:DASH) Price Target Lowered to $225.00 at Susquehanna

DoorDash (NASDAQ:DASHFree Report) had its target price reduced by Susquehanna from $250.00 to $225.00 in a research note issued to investors on Friday morning, Marketbeat reports. They currently have a positive rating on the stock.

Other analysts have also issued reports about the company. Citizens Jmp cut their price target on DoorDash from $285.00 to $250.00 and set a “market outperform” rating on the stock in a report on Friday, February 20th. Zacks Research lowered DoorDash from a “hold” rating to a “strong sell” rating in a report on Monday, April 13th. Morgan Stanley restated an “overweight” rating and issued a $275.00 price target on shares of DoorDash in a report on Thursday, February 19th. Benchmark boosted their price target on DoorDash from $280.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, Truist Financial cut their price target on DoorDash from $340.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $257.00.

Read Our Latest Report on DoorDash

DoorDash Stock Performance

DASH stock opened at $163.93 on Friday. The business’s 50-day moving average price is $167.01 and its two-hundred day moving average price is $197.00. The company has a current ratio of 1.43, a quick ratio of 1.41 and a debt-to-equity ratio of 0.27. The firm has a market cap of $71.22 billion, a PE ratio of 78.06 and a beta of 1.87. DoorDash has a 1-year low of $143.30 and a 1-year high of $285.50.

DoorDash (NASDAQ:DASHGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. As a group, research analysts forecast that DoorDash will post 2.41 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Stanley Tang sold 21,433 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the sale, the director owned 19,279 shares in the company, valued at approximately $2,891,850. This represents a 52.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Prabir Adarkar sold 10,000 shares of the company’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $188.34, for a total value of $1,883,400.00. Following the sale, the chief operating officer owned 843,678 shares in the company, valued at $158,898,314.52. The trade was 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. Over the last quarter, insiders have sold 43,933 shares of company stock worth $7,135,413. Corporate insiders own 5.83% of the company’s stock.

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently bought and sold shares of DASH. Brighton Jones LLC raised its holdings in DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after acquiring an additional 1,807 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in DoorDash by 21.5% during the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after acquiring an additional 303 shares in the last quarter. Empowered Funds LLC raised its holdings in DoorDash by 3.6% during the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after acquiring an additional 285 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in DoorDash by 92.9% during the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after acquiring an additional 2,049 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in DoorDash during the second quarter worth about $222,000. Institutional investors own 90.64% of the company’s stock.

Trending Headlines about DoorDash

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DoorDash Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for DoorDash (NASDAQ:DASH)

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