DoorDash (NYSE:DASH – Get Rating) had its price target raised by UBS Group from $58.00 to $68.00 in a report published on Monday, The Fly reports.
Other equities research analysts also recently issued reports about the stock. Needham & Company LLC upped their price target on shares of DoorDash from $75.00 to $84.00 and gave the company a buy rating in a report on Friday, February 17th. Oppenheimer upgraded DoorDash from a market perform rating to an outperform rating and set a $70.00 price objective on the stock in a report on Monday, November 7th. Barclays boosted their price objective on DoorDash from $60.00 to $70.00 in a report on Friday, February 17th. DA Davidson cut their price objective on DoorDash from $82.00 to $60.00 and set a neutral rating on the stock in a report on Friday, November 4th. Finally, Piper Sandler downgraded DoorDash from a neutral rating to an underweight rating and cut their price objective for the stock from $227.00 to $40.00 in a report on Monday, January 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of $80.95.
Get DoorDash alerts:DoorDash Trading Down 2.3 %
Shares of NYSE DASH opened at $56.57 on Monday. DoorDash has a twelve month low of $41.37 and a twelve month high of $130.20. The company has a market capitalization of $21.96 billion, a price-to-earnings ratio of -15.63 and a beta of 1.46. The firm has a 50-day moving average of $55.36 and a two-hundred day moving average of $56.20.
Insider Activity at DoorDash
In other news, Director Shona L. Brown sold 1,250 shares of the company's stock in a transaction on Friday, January 6th. The stock was sold at an average price of $47.32, for a total transaction of $59,150.00. Following the completion of the sale, the director now directly owns 82,278 shares in the company, valued at approximately $3,893,394.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Shona L. Brown sold 1,250 shares of the business's stock in a transaction on Friday, January 6th. The stock was sold at an average price of $47.32, for a total transaction of $59,150.00. Following the completion of the transaction, the director now owns 82,278 shares of the company's stock, valued at approximately $3,893,394.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Christopher D. Payne sold 47,093 shares of the company's stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $54.58, for a total value of $2,570,335.94. Following the completion of the transaction, the chief operating officer now directly owns 353,943 shares of the company's stock, valued at approximately $19,318,208.94. The disclosure for this sale can be found here. Insiders sold 106,433 shares of company stock worth $5,649,850 in the last ninety days. 15.54% of the stock is owned by company insiders.
Institutional Investors Weigh In On DoorDash
Several institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates boosted its holdings in DoorDash by 123.4% in the first quarter. Raymond James & Associates now owns 6,286 shares of the company's stock worth $737,000 after acquiring an additional 3,472 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of DoorDash by 43.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 3,825 shares of the company's stock worth $448,000 after acquiring an additional 1,153 shares during the period. American Century Companies Inc. boosted its holdings in shares of DoorDash by 18.3% in the first quarter. American Century Companies Inc. now owns 4,444 shares of the company's stock worth $521,000 after acquiring an additional 689 shares during the period. US Bancorp DE boosted its stake in DoorDash by 204.6% during the first quarter. US Bancorp DE now owns 926 shares of the company's stock valued at $109,000 after buying an additional 622 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in DoorDash by 305.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,553 shares of the company's stock valued at $415,000 after buying an additional 2,677 shares during the period. Institutional investors own 72.65% of the company's stock.
About DoorDash
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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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