DoorDash (NASDAQ:DASH) Price Target Raised to $235.00

DoorDash (NASDAQ:DASH) had its price target boosted by Loop Capital from $200.00 to $235.00 in a research note released on Monday morning,Benzinga reports. Loop Capital currently has a buy rating on the stock.

DASH has been the subject of a number of other reports. JMP Securities reaffirmed a “market outperform” rating and set a $200.00 price target on shares of DoorDash in a research note on Thursday, February 6th. Evercore ISI increased their price objective on DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Susquehanna boosted their target price on DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research report on Thursday, February 13th. Morgan Stanley boosted their price objective on DoorDash from $160.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.52.

DoorDash Stock Performance

DASH stock opened at $198.60 on Monday. The stock’s fifty day moving average is $183.84 and its two-hundred day moving average is $162.54. The stock has a market capitalization of $83.43 billion, a price-to-earnings ratio of 735.56 and a beta of 1.72. DoorDash has a 1 year low of $99.32 and a 1 year high of $215.24.

Insider Transactions at DoorDash

In other news, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the sale, the director now directly owns 14,778 shares of the company’s stock, valued at approximately $3,006,584.10. This trade represents a 8.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Keith Yandell sold 8,116 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total value of $1,651,200.20. Following the transaction, the insider now directly owns 105,162 shares in the company, valued at $21,395,208.90. This trade represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 760,662 shares of company stock valued at $134,448,673. 7.92% of the stock is owned by insiders.

Institutional Trading of DoorDash

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

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.