DoorDash (NASDAQ:DASH) Given Neutral Rating at DA Davidson

DoorDash (NASDAQ:DASH)‘s stock had its “neutral” rating reiterated by investment analysts at DA Davidson in a research note issued on Thursday,Benzinga reports. They currently have a $260.00 target price on the stock. DA Davidson’s target price would indicate a potential upside of 28.76% from the stock’s current price.

Several other equities research analysts have also commented on the company. Mizuho set a $350.00 price target on DoorDash and gave the stock an “outperform” rating in a research note on Monday, September 29th. Wedbush dropped their target price on shares of DoorDash from $280.00 to $260.00 and set a “neutral” rating for the company in a research report on Thursday. Morgan Stanley lifted their price target on shares of DoorDash from $300.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Loop Capital reissued a “buy” rating on shares of DoorDash in a research note on Tuesday, July 15th. Finally, BMO Capital Markets lifted their target price on shares of DoorDash from $238.00 to $288.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus price target of $289.97.

DoorDash Trading Down 15.2%

NASDAQ DASH traded down $36.07 during mid-day trading on Thursday, reaching $201.93. 6,866,598 shares of the stock were exchanged, compared to its average volume of 4,346,275. The stock has a market capitalization of $86.26 billion, a PE ratio of 111.98 and a beta of 1.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.07 and a current ratio of 2.07. DoorDash has a 1-year low of $155.40 and a 1-year high of $285.50. The business’s fifty day simple moving average is $260.58 and its 200 day simple moving average is $237.30.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The firm had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.35 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The company’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 earnings per share. On average, research analysts anticipate that DoorDash will post 2.22 earnings per share for the current fiscal year.

Insider Transactions at DoorDash

In other news, 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 transaction, the director owned 37,252 shares of the company’s stock, valued at $10,336,312.44. The trade was a 3.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $244.39, for a total value of $7,331,700.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 876,464 shares of company stock worth $218,114,855 over the last quarter. Insiders own 5.83% of the company’s stock.

Institutional Trading of DoorDash

A number of hedge funds have recently made changes to their positions in DASH. Gilbert & Cook Inc. grew its stake in DoorDash by 2.6% in the second quarter. Gilbert & Cook Inc. now owns 1,685 shares of the company’s stock valued at $415,000 after purchasing an additional 42 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in DoorDash by 3.5% in the third quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company’s stock valued at $334,000 after acquiring an additional 42 shares during the last quarter. Premier Path Wealth Partners LLC grew its position in DoorDash by 1.9% in the third quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company’s stock worth $657,000 after acquiring an additional 45 shares in the last quarter. Perigon Wealth Management LLC increased its stake in shares of DoorDash by 1.3% during the 2nd quarter. Perigon Wealth Management LLC now owns 3,701 shares of the company’s stock worth $912,000 after purchasing an additional 46 shares during the last quarter. Finally, Advisory Resource Group raised its holdings in shares of DoorDash by 0.8% during the 2nd quarter. Advisory Resource Group now owns 5,774 shares of the company’s stock valued at $1,423,000 after purchasing an additional 48 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other 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.