DoorDash, Inc. (NASDAQ:DASH) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of DoorDash, Inc. (NASDAQ:DASH) have earned a consensus rating of “Moderate Buy” from the thirty-four research firms that are currently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $176.97.

Several brokerages have commented on DASH. BMO Capital Markets boosted their price target on shares of DoorDash from $140.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group upped their price objective on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Wolfe Research raised their target price on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Royal Bank of Canada increased their price target on shares of DoorDash from $175.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Loop Capital boosted their price objective on shares of DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th.

Insider Activity

In related news, CEO Tony Xu sold 108,332 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the sale, the chief executive officer now owns 1,500 shares in the company, valued at $255,375. The trade was a 98.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $172.67, for a total value of $8,633,500.00. Following the completion of the transaction, the director now owns 18,089 shares of the company’s stock, valued at $3,123,427.63. This represents a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,019,333 shares of company stock worth $177,556,541. Corporate insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Calamos Advisors LLC grew its position in shares of DoorDash by 11.6% in the 4th quarter. Calamos Advisors LLC now owns 173,664 shares of the company’s stock valued at $29,132,000 after buying an additional 18,100 shares during the last quarter. Catalina Capital Group LLC bought a new stake in shares of DoorDash in the 4th quarter valued at $201,000. Princeton Global Asset Management LLC bought a new position in DoorDash during the fourth quarter worth $34,000. Spire Wealth Management lifted its holdings in DoorDash by 67.2% in the fourth quarter. Spire Wealth Management now owns 637 shares of the company’s stock valued at $107,000 after buying an additional 256 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in DoorDash by 7.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,222 shares of the company’s stock valued at $1,715,000 after acquiring an additional 671 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Price Performance

DASH stock opened at $183.32 on Friday. The stock has a market capitalization of $76.15 billion, a P/E ratio of -407.38, a P/E/G ratio of 1.85 and a beta of 1.71. DoorDash has a fifty-two week low of $99.32 and a fifty-two week high of $184.26. The business has a 50-day moving average of $174.13 and a 200-day moving average of $148.18.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.17. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period last year, the business earned ($0.19) EPS. Equities analysts expect that DoorDash will post 0.29 EPS for the current year.

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.