DoorDash (NASDAQ:DASH) Raised to “Hold” at Zacks Research

DoorDash (NASDAQ:DASH) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

DASH has been the topic of a number of other research reports. BTIG Research restated a “buy” rating and issued a $280.00 price objective on shares of DoorDash in a report on Thursday, May 7th. Needham & Company LLC restated a “buy” rating and issued a $265.00 price objective on shares of DoorDash in a report on Thursday, May 7th. BNP Paribas Exane started coverage on DoorDash in a report on Wednesday, January 14th. They issued an “outperform” rating and a $280.00 price objective on the stock. Wells Fargo & Company increased their price target on DoorDash from $198.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Sanford C. Bernstein lowered their price target on DoorDash from $285.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $259.58.

DoorDash Trading Down 3.9%

NASDAQ:DASH opened at $149.07 on Tuesday. The stock’s 50 day moving average price is $165.39 and its 200 day moving average price is $194.12. DoorDash has a 52 week low of $143.30 and a 52 week high of $285.50. The company has a market capitalization of $64.76 billion, a P/E ratio of 70.99 and a beta of 1.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.43 and a current ratio of 1.43.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The firm’s revenue was up 33.1% on a year-over-year basis. On average, research analysts forecast that DoorDash will post 2.45 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In other news, COO Prabir Adarkar sold 10,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief operating officer directly owned 843,678 shares of the company’s stock, valued at approximately $158,898,314.52. This represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $150.00, for a total value of $3,214,950.00. Following the completion of the sale, the director directly owned 19,279 shares of the company’s stock, valued at $2,891,850. This represents a 52.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 42,683 shares of company stock worth $6,908,813 over the last 90 days. Insiders own 5.83% of the company’s stock.

Institutional Investors Weigh In On DoorDash

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

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash announced a new nationwide partnership with Urban Outfitters to expand into on-demand retail, a sign that the platform is broadening beyond food delivery and could drive incremental order volume and user engagement. Urban Outfitters and DoorDash Partner to Bring On-Demand Style to Gen Z
• Positive Sentiment: A report highlighting DoorDash’s strong Q1 growth suggests the company continues to scale its platform, which supports the long-term investment case even though margin guidance was trimmed. DoorDash posts strong Q1 growth but trims margin outlook
• Neutral Sentiment: Industry research projecting DoorDash could serve 20% of U.S. restaurants by 2035 points to a large future opportunity, but it is still a long-dated estimate and may have limited immediate impact. DoorDash Projected to Reach 20% of US Restaurants by 2035
• Negative Sentiment: Multiple crime and safety-related stories involving DoorDash drivers and deliveries may add to investor concerns about operational risk, driver safety, and reputational issues. DoorDash driver among victims in Memorial Drive shooting, family says Late-night DoorDash delivery to abandoned house sparks safety concerns
• Negative Sentiment: Fraud and account-abuse headlines, including a viral refund case and reports of rented or stolen delivery accounts, could increase concerns about platform integrity and costs tied to abuse prevention. A customer used AI to trick DoorDash into issuing a refund. The company’s response is going viral No driver’s license, no problem: How Uber, DoorDash and Lyft accounts are being rented and stolen online for hundreds.
• Negative Sentiment: Legal and liability-related coverage, including lawsuits and criminal cases tied to drivers, can add headline risk even if the direct financial impact is unclear. Nebraska family drops DoorDash from lawsuit in death of daughter killed in Kansas Court docs: DoorDash driver shot and killed man in his way because he ‘had stuff to do’

DoorDash Company Profile

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.