DoorDash, Inc. (NASDAQ:DASH) Given Consensus Rating of “Moderate Buy” by Analysts

DoorDash, Inc. (NASDAQ:DASH) has been given a consensus recommendation of “Moderate Buy” by the thirty-three brokerages that are covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $254.5294.

A number of research firms recently commented on DASH. Benchmark decreased their price objective on shares of DoorDash from $285.00 to $270.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Barclays increased their target price on shares of DoorDash from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Susquehanna lifted their price target on shares of DoorDash from $225.00 to $250.00 and gave the company a “positive” rating in a research report on Friday, August 7th. TD Cowen boosted their price target on DoorDash from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a report on Friday, August 7th.

Insider Activity

In other DoorDash news, insider Keith Yandell sold 2,643 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $155.34, for a total value of $410,563.62. Following the sale, the insider owned 81,106 shares of the company’s stock, valued at approximately $12,599,006.04. This represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ravi Inukonda sold 19,095 shares of the firm’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $188.04, for a total value of $3,590,623.80. Following the completion of the transaction, the chief financial officer owned 252,443 shares of the company’s stock, valued at approximately $47,469,381.72. This represents a 7.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 139,877 shares of company stock valued at $26,381,731 in the last 90 days. Insiders own 5.28% of the company’s stock.

Institutional Investors Weigh In On DoorDash

A number of large investors have recently added to or reduced their stakes in the business. MV Capital Management Inc. acquired a new position in DoorDash during the fourth quarter worth about $26,000. Swiss RE Ltd. acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $28,000. ST Germain D J Co. Inc. acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $32,000. Finally, Sunbelt Securities Inc. increased its stake in shares of DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares in the last quarter. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Price Performance

DoorDash stock opened at $223.49 on Friday. The company has a market cap of $96.84 billion, a P/E ratio of 117.01 and a beta of 1.78. DoorDash has a one year low of $143.30 and a one year high of $285.50. The business has a fifty day moving average of $192.75 and a two-hundred day moving average of $175.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 1.37.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The company had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period last year, the company earned $0.65 earnings per share. As a group, analysts predict that DoorDash will post 2.46 earnings per share for the current fiscal year.

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.