DoorDash (NASDAQ:DASH) PT Raised to $155.00 at Truist Financial

DoorDash (NASDAQ:DASH) had its price objective boosted by equities research analysts at Truist Financial from $140.00 to $155.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 12.55% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Piper Sandler raised DoorDash from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $53.00 to $127.00 in a research note on Friday, March 15th. Mizuho raised their price target on DoorDash from $140.00 to $152.00 and gave the company a “buy” rating in a report on Friday, February 16th. Wells Fargo & Company dropped their price target on DoorDash from $105.00 to $100.00 and set an “equal weight” rating for the company in a research report on Friday, February 16th. Oppenheimer lifted their price objective on DoorDash from $110.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, Needham & Company LLC restated a “buy” rating and set a $133.00 price objective on shares of DoorDash in a research note on Tuesday, February 6th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, DoorDash has an average rating of “Moderate Buy” and a consensus target price of $123.82.

DoorDash Stock Down 0.8 %

DoorDash stock opened at $137.72 on Wednesday. DoorDash has a 52 week low of $56.59 and a 52 week high of $143.34. The company has a market capitalization of $55.64 billion, a price-to-earnings ratio of -96.31, a price-to-earnings-growth ratio of 16.44 and a beta of 1.78. The stock has a 50-day moving average price of $121.91 and a 200 day moving average price of $100.48.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) EPS 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 analysts’ expectations of $2.25 billion. During the same quarter last year, the firm earned ($0.63) earnings per share. The firm’s quarterly revenue was up 26.7% compared to the same quarter last year. Research analysts anticipate that DoorDash will post 0.2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Tony Xu sold 132,300 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total transaction of $17,458,308.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Tony Xu sold 132,300 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total value of $17,458,308.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Gordon S. Lee sold 1,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $124.50, for a total value of $124,500.00. Following the transaction, the chief accounting officer now owns 92,207 shares of the company’s stock, valued at approximately $11,479,771.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 519,087 shares of company stock worth $58,139,690. 9.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DASH. Fifth Third Bancorp increased its holdings in DoorDash by 448.8% in the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after purchasing an additional 359 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in DoorDash by 361.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after acquiring an additional 307 shares in the last quarter. Covestor Ltd lifted its holdings in shares of DoorDash by 101.2% in the third quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after purchasing an additional 253 shares in the last quarter. Valley National Advisers Inc. bought a new position in shares of DoorDash in the fourth quarter valued at approximately $43,000. Finally, SJS Investment Consulting Inc. lifted its holdings in DoorDash by 26.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after acquiring an additional 98 shares during the period. 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.