DoorDash (NASDAQ:DASH) Research Coverage Started at Loop Capital

Loop Capital began coverage on shares of DoorDash (NASDAQ:DASH) in a report issued on Friday, MarketBeat Ratings reports. The firm issued a buy rating and a $170.00 price target on the stock.

Several other equities analysts have also weighed in on DASH. The Goldman Sachs Group lifted their price objective on DoorDash from $109.00 to $122.00 and gave the company a neutral rating in a research note on Friday, February 16th. Susquehanna boosted their price target on DoorDash from $110.00 to $135.00 and gave the stock a positive rating in a research report on Tuesday, February 20th. BMO Capital Markets boosted their price target on DoorDash from $120.00 to $138.00 and gave the stock an outperform rating in a research report on Friday, February 16th. Oppenheimer boosted their price target on DoorDash from $110.00 to $140.00 and gave the stock an outperform rating in a research report on Friday, February 16th. Finally, JMP Securities boosted their price target on DoorDash from $130.00 to $160.00 and gave the stock a market outperform rating in a research report on Wednesday, March 27th. Nine analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $130.52.

DoorDash Price Performance

NASDAQ DASH opened at $127.18 on Friday. The firm has a market capitalization of $51.38 billion, a P/E ratio of -88.94, a P/E/G ratio of 15.34 and a beta of 1.79. DoorDash has a 1-year low of $56.59 and a 1-year high of $143.34. The business’s 50-day simple moving average is $130.37 and its 200-day simple moving average is $106.75.

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

Insider Activity

In other news, Director Andy Fang sold 67,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $110.57, for a total value of $7,408,190.00. Following the completion of the sale, the director now directly owns 40,969 shares in the company, valued at approximately $4,529,942.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andy Fang sold 67,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $110.57, for a total value of $7,408,190.00. Following the completion of the sale, the director now directly owns 40,969 shares in the company, valued at $4,529,942.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 497,282 shares of company stock worth $64,885,042. 9.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DoorDash

Several large investors have recently added to or reduced their stakes in DASH. Fifth Third Bancorp increased its position in DoorDash by 448.8% in the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after buying an additional 359 shares during the period. Parkside Financial Bank & Trust increased its position 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 buying an additional 307 shares during the period. Covestor Ltd increased its position in DoorDash by 101.2% in the third quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after buying an additional 253 shares during the period. Valley National Advisers Inc. acquired a new stake in DoorDash in the fourth quarter worth $43,000. Finally, SJS Investment Consulting Inc. increased its position in DoorDash by 26.9% in the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock worth $46,000 after buying 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.