DoorDash (NASDAQ:DASH) Price Target Raised to $204.00 at UBS Group

DoorDash (NASDAQ:DASH) had its target price upped by UBS Group from $200.00 to $204.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts have also commented on the company. JMP Securities reaffirmed a “market outperform” rating and set a $200.00 price target on shares of DoorDash in a research report on Thursday, February 6th. Oppenheimer upped their target price on DoorDash from $180.00 to $235.00 and gave the company an “outperform” rating in a report on Wednesday. Roth Mkm lifted their price target on shares of DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a report on Wednesday. Royal Bank of Canada raised their target price on shares of DoorDash from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Loop Capital lifted their target price on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $202.67.

DoorDash Price Performance

Shares of DoorDash stock opened at $200.89 on Wednesday. The company’s fifty day simple moving average is $178.00 and its two-hundred day simple moving average is $156.37. DoorDash has a 12-month low of $99.32 and a 12-month high of $201.17.

Insiders Place Their Bets

In related news, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $183.20, for a total value of $261,060.00. Following the transaction, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the sale, the director now owns 18,089 shares in the company, valued at approximately $3,123,427.63. The trade was a 73.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,040,758 shares of company stock worth $181,434,201. Corporate insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its position in shares of DoorDash by 6.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 92,012 shares of the company’s stock valued at $15,435,000 after purchasing an additional 5,617 shares in the last quarter. Aviva PLC raised its holdings in shares of DoorDash by 1,306.8% during the 4th quarter. Aviva PLC now owns 186,790 shares of the company’s stock worth $31,334,000 after acquiring an additional 173,512 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in shares of DoorDash during the 4th quarter valued at approximately $15,134,000. Prudential PLC raised its stake in DoorDash by 33.5% during the fourth quarter. Prudential PLC now owns 6,871 shares of the company’s stock valued at $1,153,000 after purchasing an additional 1,723 shares in the last quarter. Finally, ExodusPoint Capital Management LP lifted its position in DoorDash by 39.8% during the fourth quarter. ExodusPoint Capital Management LP now owns 85,917 shares of the company’s stock valued at $14,413,000 after purchasing an additional 24,466 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors.

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.