Investment Analysts’ Weekly Ratings Updates for DoorDash (DASH)

A number of firms have modified their ratings and price targets on shares of DoorDash (NASDAQ: DASH) recently:

• 4/19/2024 – DoorDash is now covered by analysts at Loop Capital. They set a “buy” rating and a $170.00 price target on the stock.
• 4/16/2024 – DoorDash had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $140.00 to $155.00. They now have a “buy” rating on the stock.
• 4/11/2024 – DoorDash was upgraded by analysts at Moffett Nathanson from a “neutral” rating to a “buy” rating. They now have a $164.00 price target on the stock, up previously from $118.00.
• 4/4/2024 – DoorDash had its price target raised by analysts at Wells Fargo & Company from $100.00 to $125.00. They now have an “equal weight” rating on the stock.
• 4/4/2024 – DoorDash is now covered by analysts at Benchmark Co.. They set a “buy” rating and a $165.00 price target on the stock.
• 3/27/2024 – DoorDash had its price target raised by analysts at JMP Securities from $130.00 to $160.00. They now have a “market outperform” rating on the stock.
• 3/27/2024 – DoorDash had its price target raised by analysts at Truist Financial Co. from $140.00 to $155.00. They now have a “buy” rating on the stock.
• 3/15/2024 – DoorDash was upgraded by analysts at Piper Sandler from an “underweight” rating to a “neutral” rating. They now have a $127.00 price target on the stock, up previously from $53.00.
• 3/4/2024 – DoorDash was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $175.00 price target on the stock, up previously from $130.00.
• 2/22/2024 – DoorDash was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $145.00 price target on the stock, up previously from $135.00.
• 2/20/2024 – DoorDash had its price target raised by analysts at Susquehanna from $110.00 to $135.00. They now have a “positive” rating on the stock.

DoorDash Stock Down 0.8 %

DoorDash stock traded down $1.00 during midday trading on Friday, reaching $129.10. The company’s stock had a trading volume of 191,004 shares, compared to its average volume of 3,533,841. DoorDash, Inc. has a fifty-two week low of $56.59 and a fifty-two week high of $143.34. The company has a market cap of $52.16 billion, a P/E ratio of -90.28, a P/E/G ratio of 15.34 and a beta of 1.79. The business has a 50-day simple moving average of $130.22 and a 200-day simple moving average of $106.42.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the business earned ($0.63) earnings per share. The firm’s quarterly revenue was up 26.7% on a year-over-year basis. As a group, equities analysts forecast that DoorDash, Inc. will post 0.2 earnings per share for the current year.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total transaction of $17,663,373.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $133.51, for a total transaction of $17,663,373.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Andy Fang sold 66,195 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $139.31, for a total value of $9,221,625.45. Following the transaction, the director now directly owns 36,482 shares in the company, valued at approximately $5,082,307.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 497,282 shares of company stock worth $64,885,042. Corporate insiders own 9.59% of the company’s stock.

Institutional Investors Weigh In On DoorDash

A number of institutional investors have recently added to or reduced their stakes in DASH. Parkside Financial Bank & Trust lifted its position in shares of DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after acquiring an additional 307 shares during the period. Fifth Third Bancorp lifted its position in shares of DoorDash by 448.8% during the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after acquiring an additional 359 shares during the period. Valley National Advisers Inc. acquired a new stake in shares of DoorDash during the 4th quarter valued at approximately $43,000. SJS Investment Consulting Inc. lifted its position in shares of DoorDash by 26.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after acquiring an additional 98 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of DoorDash during the 4th quarter valued at approximately $49,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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.