BTIG Research Reaffirms “Buy” Rating for DoorDash (NASDAQ:DASH)

DoorDash (NASDAQ:DASH)‘s stock had its “buy” rating reissued by analysts at BTIG Research in a research note issued to investors on Thursday,Benzinga reports. They currently have a $225.00 price objective on the stock. BTIG Research’s price target indicates a potential upside of 4.04% from the company’s previous close.

Other analysts have also issued reports about the stock. Benchmark lowered their target price on shares of DoorDash from $285.00 to $270.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. UBS Group lifted their price objective on shares of DoorDash from $214.00 to $223.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Susquehanna lowered their price objective on shares of DoorDash from $250.00 to $225.00 and set a “positive” rating for the company in a research report on Friday, May 8th. Stifel Nicolaus dropped their target price on shares of DoorDash from $215.00 to $185.00 and set a “hold” rating on the stock in a research note on Monday, April 13th. Finally, Weiss Ratings upgraded shares of DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Twenty-three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $253.50.

DoorDash Price Performance

DASH opened at $216.26 on Thursday. The business has a fifty day moving average of $180.65 and a 200 day moving average of $174.77. DoorDash has a 52-week low of $143.30 and a 52-week high of $285.50. The company has a quick ratio of 1.43, a current ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock has a market cap of $94.23 billion, a P/E ratio of 113.23 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the company earned $0.65 EPS. The business’s revenue was up 35.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that DoorDash will post 2.4 EPS for the current year.

Insider Buying and Selling at DoorDash

In other news, CFO Ravi Inukonda sold 19,095 shares of DoorDash stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $188.04, for a total value of $3,590,623.80. Following the transaction, the chief financial officer directly owned 252,443 shares in the company, valued at approximately $47,469,381.72. This trade represents a 7.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 582 shares of DoorDash stock in a transaction on Friday, June 26th. The shares were sold at an average price of $177.06, for a total value of $103,048.92. Following the completion of the transaction, the director owned 31,156 shares in the company, valued at $5,516,481.36. This represents a 1.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 142,620 shares of company stock worth $26,822,778. 5.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DoorDash

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MV Capital Management Inc. purchased a new stake in shares of DoorDash during the fourth quarter valued at about $26,000. Swiss RE Ltd. bought a new position in shares of DoorDash during the 4th quarter worth approximately $28,000. ST Germain D J Co. Inc. bought a new position in shares of DoorDash during the 4th quarter worth approximately $29,000. Kemnay Advisory Services Inc. bought a new position in shares of DoorDash during the 4th quarter worth approximately $32,000. Finally, Sunbelt Securities Inc. lifted its position in DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

More DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash’s second-quarter revenue increased 35.6% year over year to $4.45 billion, exceeding the $4.34 billion consensus estimate. Growth in orders, marketplaces, memberships and the Deliveroo acquisition supported the top-line beat. DoorDash Q2 Earnings Miss on Higher R&D Costs, Revenue Beat
• Positive Sentiment: Management issued stronger-than-expected third-quarter guidance, indicating that demand for food, grocery and convenience delivery remains resilient. The company also said improving growth and unit economics are helping fund investments in DashPass, merchant services, artificial intelligence and autonomous delivery. DoorDash Issues Strong Guidance as Delivery Demand Keeps Rising
• Positive Sentiment: DoorDash received FAA approval to operate commercial air-carrier services in Charlotte, clearing a regulatory hurdle for drone deliveries. The initiative could eventually improve delivery speed and economics, although its financial contribution is likely longer term. DoorDash Cleared for Takeoff with FAA Air Carrier Approval
• Positive Sentiment: Several analysts raised their price targets: Cantor Fitzgerald increased its target to $260 and maintained an overweight rating, while Needham reiterated a buy rating with a $265 target. Barclays also lifted its target to $230, though it retained an equal-weight rating. DoorDash Given New Price Target at Barclays
• Neutral Sentiment: DoorDash is positioning artificial intelligence as a growth and efficiency driver, but management said AI-generated traffic is still limited. Autonomous delivery robot deployment also faces practical challenges involving charging, loading and complex pickups. DoorDash Faces Challenges Scaling Its Dot Delivery Robot
• Negative Sentiment: Adjusted earnings of $0.46 per share fell short of expectations and declined from $0.65 a year earlier. Higher research-and-development spending is pressuring near-term profitability as DoorDash invests in technology and expansion. DoorDash Q2 Earnings Miss Estimates
• Negative Sentiment: Director Stanley Tang sold 67,693 shares worth approximately $13.6 million under a pre-arranged Rule 10b5-1 plan. While scheduled insider sales do not necessarily signal deteriorating fundamentals, the transaction reduced his position by roughly 63%. Stanley Tang Sells DoorDash Shares

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.