DoorDash (NYSE:DASH) Reaches New 1-Year High at $96.01

DoorDash, Inc. (NYSE:DASH) hit a new 52-week high during trading on Monday . The stock traded as high as $96.01 and last traded at $95.63, with a volume of 6611089 shares. The stock had previously closed at $95.23.

Analyst Ratings Changes

Several brokerages recently commented on DASH. Mizuho raised shares of DoorDash from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $90.00 to $105.00 in a report on Monday, September 18th. Piper Sandler lifted their target price on shares of DoorDash from $47.00 to $51.00 and gave the stock an “underweight” rating in a research note on Thursday, November 2nd. Roth Mkm lifted their target price on shares of DoorDash from $73.00 to $91.00 and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Truist Financial lifted their target price on shares of DoorDash from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, JMP Securities lifted their target price on shares of DoorDash from $100.00 to $113.00 and gave the stock a “market outperform” rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $94.18.

DoorDash Stock Up 0.5 %

The stock has a fifty day moving average of $80.28 and a 200-day moving average of $77.67. The stock has a market capitalization of $38.13 billion, a price-to-earnings ratio of -35.40 and a beta of 1.61.

DoorDash (NYSE:DASH) last announced its quarterly earnings results on Wednesday, November 1st. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.26. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.09 billion. DoorDash had a negative return on equity of 9.88% and a negative net margin of 12.81%. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.77) earnings per share. On average, equities analysts forecast that DoorDash, Inc. will post -1.26 EPS for the current fiscal year.

Insider Activity

In other news, CEO Tony Xu sold 132,300 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $83.34, for a total value of $11,025,882.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Shona L. Brown sold 700 shares of the stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $77.18, for a total transaction of $54,026.00. Following the completion of the sale, the director now directly owns 74,317 shares of the company’s stock, valued at $5,735,786.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Tony Xu sold 132,300 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $83.34, for a total value of $11,025,882.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 795,500 shares of company stock valued at $64,781,931. 9.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DASH. Raymond James & Associates raised its position in DoorDash by 123.4% in the first quarter. Raymond James & Associates now owns 6,286 shares of the company’s stock worth $737,000 after acquiring an additional 3,472 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in DoorDash by 43.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,825 shares of the company’s stock worth $448,000 after acquiring an additional 1,153 shares in the last quarter. American Century Companies Inc. raised its position in DoorDash by 18.3% in the first quarter. American Century Companies Inc. now owns 4,444 shares of the company’s stock worth $521,000 after acquiring an additional 689 shares in the last quarter. US Bancorp DE raised its position in DoorDash by 204.6% in the first quarter. US Bancorp DE now owns 926 shares of the company’s stock worth $109,000 after acquiring an additional 622 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in DoorDash by 305.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,553 shares of the company’s stock worth $415,000 after acquiring an additional 2,677 shares in the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.

DoorDash Company Profile

DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, 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; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels.