DoorDash, Inc. (NASDAQ:DASH) Receives $282.91 Consensus PT from Analysts

DoorDash, Inc. (NASDAQ:DASH) has received an average rating of “Moderate Buy” from the thirty-seven research firms that are covering the firm, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $285.2647.

Several equities research analysts recently weighed in on DASH shares. Evercore ISI reissued an “outperform” rating and set a $360.00 price objective (up previously from $240.00) on shares of DoorDash in a report on Friday, August 8th. Stifel Nicolaus raised their price objective on DoorDash from $214.00 to $239.00 and gave the company a “hold” rating in a report on Thursday, August 7th. DA Davidson raised their price objective on DoorDash from $190.00 to $260.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. BMO Capital Markets raised their price objective on DoorDash from $238.00 to $288.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, KeyCorp reissued an “overweight” rating and set a $325.00 price objective (up previously from $295.00) on shares of DoorDash in a report on Thursday, August 7th.

DoorDash Price Performance

Shares of NASDAQ:DASH opened at $252.31 on Monday. DoorDash has a one year low of $150.26 and a one year high of $285.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $107.79 billion, a price-to-earnings ratio of 140.17 and a beta of 1.71. The firm has a 50 day simple moving average of $259.41 and a 200 day simple moving average of $231.32.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.23. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the business earned ($0.38) earnings per share. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. Research analysts predict that DoorDash will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other DoorDash news, CEO Tony Xu sold 291,403 shares of DoorDash stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $238.19, for a total transaction of $69,409,280.57. Following the transaction, the chief executive officer directly owned 229,047 shares of the company’s stock, valued at approximately $54,556,704.93. The trade was a 55.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $247.11, for a total value of $11,221,265.10. Following the transaction, the director directly owned 26,070 shares in the company, valued at $6,442,157.70. The trade was a 63.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 964,530 shares of company stock valued at $241,651,966 over the last 90 days. 5.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of DoorDash by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock valued at $10,153,768,000 after purchasing an additional 1,792,799 shares during the period. State Street Corp lifted its stake in shares of DoorDash by 3.1% in the 2nd quarter. State Street Corp now owns 14,387,499 shares of the company’s stock valued at $3,546,662,000 after purchasing an additional 427,722 shares during the period. Geode Capital Management LLC lifted its stake in shares of DoorDash by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock valued at $1,950,711,000 after purchasing an additional 223,188 shares during the period. Invesco Ltd. lifted its stake in shares of DoorDash by 12.0% in the 2nd quarter. Invesco Ltd. now owns 5,375,480 shares of the company’s stock valued at $1,325,110,000 after purchasing an additional 575,629 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of DoorDash by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company’s stock valued at $897,031,000 after purchasing an additional 641,601 shares during the period. 90.64% of the stock is 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.