DoorDash (NASDAQ:DASH) Price Target Raised to $150.00 at Oppenheimer

DoorDash (NASDAQ:DASH) had its price objective increased by analysts at Oppenheimer from $140.00 to $150.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price target suggests a potential upside of 13.54% from the stock’s current price.

Several other equities analysts have also commented on DASH. Royal Bank of Canada raised shares of DoorDash from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $130.00 to $175.00 in a report on Monday, March 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. JMP Securities increased their target price on DoorDash from $130.00 to $160.00 and gave the company a “market outperform” rating in a report on Wednesday, March 27th. BMO Capital Markets raised their price target on DoorDash from $120.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Finally, Susquehanna boosted their price objective on DoorDash from $110.00 to $135.00 and gave the company a “positive” rating in a research report on Tuesday, February 20th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.92.

DoorDash Trading Up 3.1 %

Shares of DASH opened at $132.11 on Monday. DoorDash has a 12-month low of $57.39 and a 12-month high of $143.34. The company has a market cap of $53.37 billion, a PE ratio of -92.38, a price-to-earnings-growth ratio of 14.70 and a beta of 1.79. The stock has a 50-day moving average price of $131.30 and a 200-day moving average price of $108.97.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.25 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The company’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.63) EPS. As a group, analysts predict that DoorDash will post 0.21 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, insider Keith Yandell sold 3,500 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $104.89, for a total value of $367,115.00. Following the sale, the insider now directly owns 179,350 shares of the company’s stock, valued at $18,812,021.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total transaction of $17,458,308.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Keith Yandell sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $104.89, for a total value of $367,115.00. Following the completion of the transaction, the insider now directly owns 179,350 shares in the company, valued at $18,812,021.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 497,282 shares of company stock valued at $64,885,042. Corporate insiders own 9.59% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Spire Wealth Management bought a new stake in DoorDash in the 1st quarter worth about $25,000. Fifth Third Bancorp boosted its holdings in DoorDash by 448.8% in the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after purchasing an additional 359 shares during the last quarter. Venturi Wealth Management LLC grew its position in DoorDash by 54.5% in the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after purchasing an additional 90 shares during the period. Parkside Financial Bank & Trust raised its stake in DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after buying an additional 307 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of DoorDash by 101.2% during the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock valued at $40,000 after buying an additional 253 shares during the period. Hedge funds and other 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.