DoorDash (NASDAQ:DASH) Given New $222.00 Price Target at Mizuho

DoorDash (NASDAQ:DASH) had its price target boosted by Mizuho from $200.00 to $222.00 in a report published on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also weighed in on DASH. Susquehanna upped their price objective on DoorDash from $140.00 to $180.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their target price on DoorDash from $150.00 to $166.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. DA Davidson boosted their target price on DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Evercore ISI boosted their target price on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their target price on DoorDash from $137.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.67.

DoorDash Stock Up 4.0 %

DASH opened at $200.89 on Wednesday. The business’s 50 day moving average is $178.00 and its two-hundred day moving average is $156.37. DoorDash has a 52 week low of $99.32 and a 52 week high of $201.17.

Insiders Place Their Bets

In related news, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $172.67, for a total value of $8,633,500.00. Following the completion of the transaction, the director now owns 18,089 shares of the company’s stock, valued at approximately $3,123,427.63. This represents a 73.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $168.53, for a total value of $3,370,600.00. Following the completion of the transaction, the chief operating officer now directly owns 925,222 shares of the company’s stock, valued at $155,927,663.66. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,040,758 shares of company stock worth $181,434,201 over the last three months. 7.92% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Resona Asset Management Co. Ltd. purchased a new position in DoorDash in the fourth quarter valued at about $15,134,000. Prudential PLC lifted its holdings in DoorDash by 33.5% during the 4th quarter. Prudential PLC now owns 6,871 shares of the company’s stock worth $1,153,000 after buying an additional 1,723 shares during the last quarter. ExodusPoint Capital Management LP lifted its holdings in DoorDash by 39.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 85,917 shares of the company’s stock worth $14,413,000 after buying an additional 24,466 shares during the last quarter. Motley Fool Asset Management LLC lifted its holdings in DoorDash by 12.9% during the 4th quarter. Motley Fool Asset Management LLC now owns 18,696 shares of the company’s stock worth $3,136,000 after buying an additional 2,134 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in DoorDash by 90.9% during the 4th quarter. Huntington National Bank now owns 485 shares of the company’s stock worth $81,000 after buying an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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.