DoorDash (NASDAQ:DASH) Price Target Raised to $210.00 at Wedbush

DoorDash (NASDAQ:DASH) had its price target upped by Wedbush from $160.00 to $210.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts also recently commented on the stock. Bank of America lifted their target price on shares of DoorDash from $172.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Citigroup upped their price objective on shares of DoorDash from $211.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday. Wolfe Research raised their target price on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Susquehanna upped their price target on DoorDash from $140.00 to $180.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Finally, JMP Securities reiterated a “market outperform” rating and issued a $200.00 price objective on shares of DoorDash in a report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.67.

DoorDash Stock Performance

DASH opened at $200.89 on Wednesday. DoorDash has a 1 year low of $99.32 and a 1 year high of $201.17. The stock’s 50 day simple moving average is $178.00 and its 200 day simple moving average is $156.37.

Insider Buying and Selling at DoorDash

In other news, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction on Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the transaction, the chief executive officer now owns 1,500 shares in the company, valued at $255,375. This trade represents a 98.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Tia Sherringham sold 12,950 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total transaction of $2,201,241.00. Following the sale, the general counsel now directly owns 145,917 shares of the company’s stock, valued at approximately $24,802,971.66. The trade was a 8.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,040,758 shares of company stock worth $181,434,201 in the last three months. 7.92% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Rakuten Securities Inc. lifted its holdings in DoorDash by 302.3% during the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares in the last quarter. Pittenger & Anderson Inc. purchased a new stake in shares of DoorDash in the fourth quarter worth $29,000. Denver PWM LLC bought a new stake in shares of DoorDash during the 4th quarter valued at $30,000. Princeton Global Asset Management LLC purchased a new position in shares of DoorDash during the 4th quarter valued at $34,000. Finally, ORG Wealth Partners LLC bought a new position in DoorDash in the 4th quarter worth $36,000. 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.