DoorDash (NASDAQ:DASH) Receives New Coverage from Analysts at Loop Capital

Investment analysts at Loop Capital initiated coverage on shares of DoorDash (NASDAQ:DASH) in a research note issued to investors on Friday, Briefing.com reports. The firm set a “buy” rating and a $170.00 price target on the stock. Loop Capital’s price objective suggests a potential upside of 30.67% from the stock’s current price.

DASH has been the topic of several other research reports. JMP Securities increased their target price on DoorDash from $130.00 to $160.00 and gave the company a “market outperform” rating in a research note on Wednesday, March 27th. Roth Mkm lifted their price objective on DoorDash from $92.00 to $109.00 and gave the company a “neutral” rating in a report on Friday, January 19th. Wedbush lifted their price objective on DoorDash from $92.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Benchmark assumed coverage on DoorDash in a report on Thursday, April 4th. They set a “buy” rating and a $165.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on DoorDash from $120.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $130.52.

DoorDash Trading Down 0.6 %

NASDAQ:DASH opened at $130.10 on Friday. DoorDash has a 1-year low of $56.59 and a 1-year high of $143.34. The business’s 50-day moving average price is $130.22 and its two-hundred day moving average price is $106.42. The firm has a market capitalization of $52.56 billion, a price-to-earnings ratio of -90.98, a PEG ratio of 15.34 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last released its earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The company had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period in the previous year, the company posted ($0.63) EPS. The company’s quarterly revenue was up 26.7% compared to the same quarter last year. Sell-side analysts predict that DoorDash will post 0.2 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, CAO Gordon S. Lee sold 1,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $124.50, for a total value of $124,500.00. Following the transaction, the chief accounting officer now directly owns 92,207 shares of the company’s stock, valued at approximately $11,479,771.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Shona L. Brown sold 700 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $141.60, for a total transaction of $99,120.00. Following the completion of the sale, the director now directly owns 70,111 shares in the company, valued at approximately $9,927,717.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Gordon S. Lee sold 1,000 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now 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 497,282 shares of company stock valued at $64,885,042 in the last ninety days. 9.59% of the stock is currently owned by corporate insiders.

Institutional Trading of DoorDash

A number of institutional investors have recently modified their holdings of DASH. Fifth Third Bancorp lifted its position in shares of DoorDash by 448.8% during the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after acquiring an additional 359 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after acquiring an additional 307 shares during the period. Covestor Ltd lifted its position in shares of DoorDash by 101.2% during the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after acquiring an additional 253 shares during the period. Valley National Advisers Inc. bought a new stake in shares of DoorDash during the 4th quarter worth $43,000. Finally, SJS Investment Consulting Inc. lifted its position in shares of DoorDash by 26.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after buying an additional 98 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

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.