According to Zacks, “DoorDash, Inc. provides restaurant food delivery services. The Company develops technology to connect customers with merchants through an on-demand food delivery application. DoorDash, Inc. is based in San Francisco, United States. “
Several other equities research analysts have also issued reports on the company. The Goldman Sachs Group started coverage on DoorDash in a research report on Monday. They set a “neutral” rating and a $187.00 price target on the stock. Wells Fargo & Company upped their price target on DoorDash from $215.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 13th. DA Davidson dropped their price target on DoorDash from $162.00 to $158.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 19th. JMP Securities increased their target price on DoorDash from $195.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, August 13th. Finally, Mizuho increased their target price on DoorDash from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, August 13th. Thirteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $190.40.
DoorDash (NYSE:DASH) last announced its earnings results on Thursday, August 12th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.10). The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.10 billion. On average, analysts anticipate that DoorDash will post -1.15 earnings per share for the current year.
In related news, CAO Gordon S. Lee sold 28,802 shares of the stock in a transaction dated Monday, June 21st. The stock was sold at an average price of $175.15, for a total value of $5,044,670.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy Fang sold 40,000 shares of the firm’s stock in a transaction dated Thursday, June 17th. The stock was sold at an average price of $161.81, for a total value of $6,472,400.00. The disclosure for this sale can be found here. Insiders have sold 12,065,573 shares of company stock valued at $2,184,708,683 in the last ninety days. Company insiders own 15.54% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. IFP Advisors Inc raised its stake in shares of DoorDash by 200.0% during the 1st quarter. IFP Advisors Inc now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 200 shares in the last quarter. Tsfg LLC acquired a new position in shares of DoorDash during the 2nd quarter valued at about $63,000. Toronto Dominion Bank acquired a new position in shares of DoorDash during the 2nd quarter valued at about $64,000. The PNC Financial Services Group Inc. acquired a new position in shares of DoorDash during the 1st quarter valued at about $49,000. Finally, Daiwa Securities Group Inc. increased its holdings in shares of DoorDash by 147.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 420 shares of the company’s stock valued at $75,000 after acquiring an additional 250 shares during the last quarter. 73.53% of the stock is owned by institutional investors.
DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.
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