DoorDash (NASDAQ:DASH) Price Target Raised to $193.00

DoorDash (NASDAQ:DASH) had its price target hoisted by Roth Mkm from $165.00 to $193.00 in a report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

DASH has been the subject of several other research reports. The Goldman Sachs Group boosted their price target on shares of DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a report on Wednesday. Cantor Fitzgerald boosted their price target on shares of DoorDash from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Wednesday. Barclays boosted their price objective on shares of DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Needham & Company LLC boosted their price objective on shares of DoorDash from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Bank of America boosted their price objective on shares of DoorDash from $172.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.45.

DoorDash Stock Up 3.8 %

NASDAQ DASH opened at $213.38 on Wednesday. DoorDash has a 52 week low of $99.32 and a 52 week high of $214.64. The stock has a market capitalization of $88.64 billion, a PE ratio of -474.18, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72. The firm has a 50 day moving average of $179.29 and a two-hundred day moving average of $157.46.

Insider Transactions at DoorDash

In other news, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the transaction, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at $67,233,117.60. This represents a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tony Xu sold 115,432 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $177.01, for a total transaction of $20,432,618.32. Following the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $265,515. This trade represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 932,426 shares of company stock valued at $162,990,678 in the last ninety days. 7.92% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DoorDash

Large investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. grew its stake in DoorDash by 302.3% in the 3rd quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after acquiring an additional 130 shares during the last quarter. Pittenger & Anderson Inc. acquired a new stake in DoorDash in the 4th quarter valued at about $29,000. Denver PWM LLC acquired a new stake in DoorDash in the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC acquired a new stake in DoorDash in the 4th quarter valued at about $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in DoorDash in the 4th quarter valued at about $36,000. 90.64% of the stock is owned by institutional investors and hedge funds.

DoorDash Company Profile

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.