DoorDash (NASDAQ:DASH) PT Raised to $144.00 at Citigroup

DoorDash (NASDAQ:DASH) had its target price upped by Citigroup from $141.00 to $144.00 in a report released on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently issued reports on DASH. Jefferies Financial Group upgraded shares of DoorDash from a hold rating to a buy rating and increased their price objective for the company from $90.00 to $130.00 in a report on Monday, January 8th. Roth Mkm decreased their price objective on shares of DoorDash from $121.00 to $118.00 and set a neutral rating for the company in a report on Thursday. Oppenheimer increased their price objective on shares of DoorDash from $140.00 to $150.00 and gave the company an outperform rating in a report on Monday, April 29th. Susquehanna increased their price objective on shares of DoorDash from $110.00 to $135.00 and gave the company a positive rating in a report on Tuesday, February 20th. Finally, Wedbush reiterated a neutral rating and issued a $115.00 price objective on shares of DoorDash in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $129.96.

DoorDash Trading Down 0.4 %

Shares of NASDAQ:DASH opened at $113.81 on Thursday. The firm’s 50 day moving average is $131.86 and its two-hundred day moving average is $110.63. DoorDash has a 52 week low of $60.36 and a 52 week high of $143.34. The firm has a market capitalization of $45.98 billion, a P/E ratio of -105.38, a PEG ratio of 13.07 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the business earned ($0.41) earnings per share. DoorDash’s revenue was up 23.5% compared to the same quarter last year. Analysts predict that DoorDash will post 0.17 EPS for the current year.

Insider Activity

In other news, CFO Ravi Inukonda sold 7,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $130.95, for a total transaction of $916,650.00. Following the transaction, the chief financial officer now owns 384,425 shares in the company, valued at approximately $50,340,453.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $130.95, for a total value of $916,650.00. Following the transaction, the chief financial officer now owns 384,425 shares in the company, valued at approximately $50,340,453.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tony Xu sold 132,300 shares of DoorDash 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 487,782 shares of company stock worth $64,046,807. 9.59% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Carlyle Group Inc. acquired a new stake in DoorDash in the 1st quarter worth $572,000. Central Pacific Bank Trust Division acquired a new stake in DoorDash in the 1st quarter worth $1,800,000. FORA Capital LLC acquired a new stake in DoorDash in the 1st quarter worth $1,164,000. Gilbert & Cook Inc. acquired a new stake in shares of DoorDash during the 1st quarter valued at about $266,000. Finally, Nordea Investment Management AB increased its stake in DoorDash by 5.7% in the first quarter. Nordea Investment Management AB now owns 19,071 shares of the company’s stock valued at $2,661,000 after acquiring an additional 1,022 shares during the period. Institutional investors own 90.64% of the company’s stock.

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.