DoorDash (NASDAQ:DASH) Rating Lowered to “Hold” at Wall Street Zen

DoorDash (NASDAQ:DASH) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

DASH has been the topic of a number of other reports. JMP Securities lifted their price objective on DoorDash from $250.00 to $335.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 7th. Benchmark lifted their target price on DoorDash from $260.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. DA Davidson lifted their target price on DoorDash from $190.00 to $260.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Susquehanna lifted their target price on DoorDash from $235.00 to $300.00 and gave the stock a “positive” rating in a research report on Monday, August 11th. Finally, Zacks Research raised DoorDash from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $291.88.

DoorDash Trading Up 0.1%

DoorDash stock opened at $254.37 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. The business’s 50-day simple moving average is $260.98 and its 200-day simple moving average is $236.45. The firm has a market capitalization of $108.67 billion, a PE ratio of 141.32 and a beta of 1.70. DoorDash has a 52 week low of $152.26 and a 52 week high of $285.50.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.23. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.38) earnings per share. Equities research analysts forecast that DoorDash will post 2.22 earnings per share for the current year.

Insider Activity at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 24,968 shares of DoorDash stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $272.32, for a total transaction of $6,799,285.76. Following the sale, the chief operating officer directly owned 909,579 shares of the company’s stock, valued at approximately $247,696,553.28. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $277.47, for a total value of $346,837.50. Following the sale, the director directly owned 37,252 shares in the company, valued at $10,336,312.44. The trade was a 3.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 852,704 shares of company stock valued at $213,921,205. Corporate insiders own 5.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Saudi Central Bank bought a new stake in shares of DoorDash during the 1st quarter valued at $25,000. WPG Advisers LLC bought a new stake in shares of DoorDash during the 1st quarter valued at $26,000. Pacific Center for Financial Services bought a new stake in shares of DoorDash during the 1st quarter valued at $27,000. GFG Capital LLC bought a new stake in shares of DoorDash during the 2nd quarter valued at $30,000. Finally, Harbour Investments Inc. raised its position in shares of DoorDash by 55.6% during the 1st quarter. Harbour Investments Inc. now owns 196 shares of the company’s stock valued at $36,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 90.64% of the company’s stock.

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.