DoorDash, Inc. (NYSE:DASH) Given Average Rating of “Hold” by Analysts

DoorDash, Inc. (NYSE:DASH – Get Rating) has earned an average rating of “Hold” from the twenty-three research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $80.95.

A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of DoorDash from $60.00 to $70.00 in a research note on Friday, February 17th. JPMorgan Chase & Co. reduced their price objective on shares of DoorDash from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, January 26th. Needham & Company LLC raised their price target on shares of DoorDash from $75.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, February 17th. Mizuho raised their price target on shares of DoorDash from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, February 17th. Finally, Oppenheimer raised their price target on shares of DoorDash from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, February 17th.

DoorDash Stock Performance

DASH stock opened at $56.99 on Wednesday. The company’s 50-day simple moving average is $56.60 and its 200 day simple moving average is $54.69. DoorDash has a 52 week low of $41.37 and a 52 week high of $130.20. The company has a market capitalization of $22.34 billion, a PE ratio of -15.74 and a beta of 1.45.

DoorDash (NYSE:DASH – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The company reported ($0.63) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.07. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.77 billion. DoorDash had a negative net margin of 20.74% and a negative return on equity of 15.12%. On average, analysts forecast that DoorDash will post -2.14 EPS for the current year.

Insiders Place Their Bets

In other DoorDash news, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $57.52, for a total transaction of $71,900.00. Following the completion of the transaction, the director now owns 79,778 shares in the company, valued at approximately $4,588,830.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other DoorDash news, Director Shona L. Brown sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $57.52, for a total transaction of $71,900.00. Following the completion of the transaction, the director now owns 79,778 shares in the company, valued at approximately $4,588,830.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Christopher D. Payne sold 47,093 shares of the firm’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $47.79, for a total transaction of $2,250,574.47. Following the sale, the chief operating officer now directly owns 353,943 shares of the company’s stock, valued at approximately $16,914,935.97. The disclosure for this sale can be found here. In the last 90 days, insiders sold 176,124 shares of company stock worth $9,508,020. 12.10% of the stock is currently owned by insiders.

Institutional Trading of DoorDash

Several large investors have recently modified their holdings of the stock. Utah Retirement Systems grew its position in DoorDash by 0.4% in the 3rd quarter. Utah Retirement Systems now owns 44,700 shares of the company’s stock valued at $2,211,000 after purchasing an additional 200 shares during the period. UMB Bank n.a. boosted its holdings in DoorDash by 42.3% during the 4th quarter. UMB Bank n.a. now owns 703 shares of the company’s stock worth $34,000 after acquiring an additional 209 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in DoorDash by 11.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,318 shares of the company’s stock worth $115,000 after acquiring an additional 230 shares during the last quarter. Amalgamated Bank boosted its holdings in DoorDash by 0.9% during the 4th quarter. Amalgamated Bank now owns 27,853 shares of the company’s stock worth $1,360,000 after acquiring an additional 260 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its holdings in DoorDash by 1.0% during the 4th quarter. Gulf International Bank UK Ltd now owns 31,614 shares of the company’s stock worth $1,543,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 72.65% of the company’s stock.

About DoorDash

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DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.