DoorDash, Inc. (NASDAQ:DASH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

DoorDash, Inc. (NASDAQ:DASHGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the twenty-five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $132.28.

Several research firms have weighed in on DASH. Wedbush reiterated a “neutral” rating and set a $115.00 price objective on shares of DoorDash in a research report on Thursday, May 2nd. Truist Financial dropped their price target on DoorDash from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Citigroup raised their price objective on DoorDash from $141.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Moffett Nathanson raised DoorDash from a “neutral” rating to a “buy” rating and lifted their target price for the company from $118.00 to $164.00 in a research note on Thursday, April 11th. Finally, Oppenheimer raised their price target on shares of DoorDash from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Monday, April 29th.

Read Our Latest Analysis on DASH

DoorDash Stock Up 1.1 %

Shares of DoorDash stock opened at $117.43 on Monday. DoorDash has a 12-month low of $62.83 and a 12-month high of $143.34. The firm has a market capitalization of $48.02 billion, a PE ratio of -108.73, a price-to-earnings-growth ratio of 39.35 and a beta of 1.78. The stock’s fifty day moving average is $129.45 and its 200-day moving average is $113.60.

DoorDash (NASDAQ:DASHGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the previous year, the company earned ($0.41) EPS. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. Analysts expect that DoorDash will post 0.07 EPS for the current year.

Insider Activity at DoorDash

In related news, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $141.60, for a total value of $99,120.00. Following the transaction, the director now owns 70,111 shares in the company, valued at approximately $9,927,717.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $130.95, for a total transaction of $916,650.00. Following the completion of the sale, the chief financial officer now owns 384,425 shares in the company, valued at approximately $50,340,453.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $141.60, for a total value of $99,120.00. Following the completion of the transaction, the director now directly owns 70,111 shares in the company, valued at $9,927,717.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 415,698 shares of company stock worth $56,026,819. 9.59% of the stock is owned by insiders.

Institutional Investors Weigh In On DoorDash

Several hedge funds and other institutional investors have recently modified their holdings of DASH. Spire Wealth Management bought a new stake in DoorDash in the 1st quarter valued at $25,000. Fifth Third Bancorp raised its position in shares of DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after buying an additional 359 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of DoorDash by 54.5% in the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock valued at $35,000 after buying an additional 90 shares during the period. ORG Partners LLC grew its position in DoorDash by 2,108.3% during the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after buying an additional 253 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in DoorDash by 361.2% during the fourth 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. Institutional investors and hedge funds own 90.64% of the company’s stock.

About DoorDash

(Get Free Report

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.

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Analyst Recommendations for DoorDash (NASDAQ:DASH)

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