DoorDash (NASDAQ:DASH) PT Raised to $111.00

DoorDash (NASDAQ:DASH) had its price target raised by stock analysts at JPMorgan Chase & Co. from $108.00 to $111.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 0.73% from the stock’s previous close.

DASH has been the subject of several other reports. Benchmark cut their target price on shares of DoorDash from $165.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday. Piper Sandler raised shares of DoorDash from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $53.00 to $127.00 in a report on Friday, March 15th. Truist Financial decreased their price objective on shares of DoorDash from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday. Roth Mkm lifted their price objective on DoorDash from $92.00 to $109.00 and gave the stock a “neutral” rating in a research report on Friday, January 19th. Finally, UBS Group cut their price target on DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a research note on Friday, February 16th. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.84.

DoorDash Trading Down 12.3 %

DASH stock traded down $15.64 on Thursday, hitting $111.82. 10,766,680 shares of the company’s stock traded hands, compared to its average volume of 3,739,617. The stock has a market cap of $45.18 billion, a price-to-earnings ratio of -77.71, a P/E/G ratio of 14.38 and a beta of 1.78. DoorDash has a 1-year low of $60.36 and a 1-year high of $143.34. The stock has a fifty day moving average of $132.16 and a 200-day moving average of $109.84.

DoorDash (NASDAQ:DASH) last released its earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.45 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.41) earnings per share. On average, equities research analysts anticipate that DoorDash will post 0.21 earnings per share for the current fiscal year.

Insider Buying and Selling at DoorDash

In other DoorDash news, CAO Gordon S. Lee sold 1,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $124.50, for a total transaction of $124,500.00. Following the transaction, the chief accounting officer now owns 92,207 shares in the company, valued at approximately $11,479,771.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other DoorDash news, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction 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 sale, the director now owns 70,111 shares of the company’s stock, valued at approximately $9,927,717.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Gordon S. Lee sold 1,000 shares of DoorDash stock in a transaction on Friday, March 1st. The shares were sold at an average price of $124.50, for a total value of $124,500.00. Following the completion of the transaction, the chief accounting officer now owns 92,207 shares in the company, valued at approximately $11,479,771.50. The disclosure for this sale can be found here. Insiders have sold a total of 480,782 shares of company stock valued at $63,130,157 in the last ninety days. 9.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DoorDash

A number of institutional investors have recently added to or reduced their stakes in DASH. Venturi Wealth Management LLC increased its holdings in shares of DoorDash by 54.5% during the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after buying an additional 90 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in shares of DoorDash by 26.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after purchasing an additional 98 shares in the last quarter. Westside Investment Management Inc. grew its holdings in DoorDash by 18.2% during the 4th quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock worth $64,000 after acquiring an additional 100 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in DoorDash by 1.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock valued at $647,000 after acquiring an additional 100 shares during the period. Finally, Summit Trail Advisors LLC lifted its holdings in shares of DoorDash by 0.3% during the first quarter. Summit Trail Advisors LLC now owns 36,925 shares of the company’s stock worth $5,085,000 after purchasing an additional 106 shares during the period. 90.64% of the stock is currently owned by institutional investors and hedge funds.

About DoorDash

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.