DoorDash, Inc. (NASDAQ:DASH) Receives $207.21 Consensus Target Price from Analysts

DoorDash, Inc. (NASDAQ:DASH) has received an average rating of “Moderate Buy” from the thirty-five analysts that are currently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and twenty-five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $207.29.

A number of research analysts recently commented on DASH shares. The Goldman Sachs Group upped their price target on shares of DoorDash from $192.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Bank of America boosted their price objective on DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. JMP Securities reiterated a “market outperform” rating and set a $200.00 target price on shares of DoorDash in a research note on Thursday, February 6th. Evercore ISI restated an “outperform” rating on shares of DoorDash in a research note on Monday, March 10th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of DoorDash in a report on Monday, March 10th.

DoorDash Price Performance

DASH stock opened at $163.16 on Thursday. The stock has a market cap of $68.54 billion, a price-to-earnings ratio of 604.30 and a beta of 1.69. The company has a fifty day moving average price of $191.90 and a two-hundred day moving average price of $173.77. DoorDash has a one year low of $99.32 and a one year high of $215.25.

Insiders Place Their Bets

In other DoorDash news, insider Keith Yandell sold 8,116 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $1,651,200.20. Following the sale, the insider now owns 105,162 shares in the company, valued at approximately $21,395,208.90. The trade was a 7.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total value of $8,228,746.10. Following the transaction, the director now owns 18,285 shares of the company’s stock, valued at $3,313,424.85. This trade represents a 71.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 258,523 shares of company stock valued at $47,227,120 in the last ninety days. 7.92% of the stock is currently owned by insiders.

Institutional Trading of DoorDash

Several institutional investors have recently added to or reduced their stakes in the stock. Pittenger & Anderson Inc. acquired a new stake in DoorDash during the fourth quarter worth approximately $29,000. Denver PWM LLC bought a new stake in shares of DoorDash in the 4th quarter valued at $30,000. Princeton Global Asset Management LLC acquired a new position in shares of DoorDash during the 4th quarter valued at $34,000. ORG Wealth Partners LLC bought a new position in DoorDash during the fourth quarter worth $36,000. Finally, IFP Advisors Inc boosted its stake in DoorDash by 31.8% during the fourth quarter. IFP Advisors Inc now owns 224 shares of the company’s stock worth $37,000 after acquiring an additional 54 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

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.