Shares of DoorDash, Inc. (NYSE:DASH – Get Rating) have been given a consensus recommendation of "Hold" by the twenty-three brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $80.95.
A number of research firms have recently commented on DASH. DA Davidson increased their price objective on DoorDash from $60.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday. Royal Bank of Canada downgraded DoorDash from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $70.00 to $60.00 in a report on Friday, December 2nd. Piper Sandler downgraded DoorDash from a "neutral" rating to an "underweight" rating and dropped their price objective for the company from $227.00 to $40.00 in a report on Monday, January 9th. UBS Group increased their price objective on DoorDash from $58.00 to $68.00 in a report on Monday, February 20th. Finally, Mizuho increased their price objective on DoorDash from $65.00 to $75.00 and gave the company a "neutral" rating in a report on Friday, February 17th.
Get DoorDash alerts:DoorDash Price Performance
DASH stock opened at $55.09 on Friday. The firm has a market capitalization of $21.39 billion, a P/E ratio of -15.22 and a beta of 1.46. The business's 50-day moving average is $55.41 and its two-hundred day moving average is $56.06. DoorDash has a 1 year low of $41.37 and a 1 year high of $130.20.
Insider Activity
In other news, Director Shona L. Brown sold 1,250 shares of the firm's stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $47.32, for a total value of $59,150.00. Following the completion of the sale, the director now directly 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 can be accessed through this link. In related news, Director Shona L. Brown sold 1,250 shares of DoorDash 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 directly owns 82,278 shares of the company's stock, valued at $3,893,394.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Christopher D. Payne sold 47,093 shares of the firm's stock in a transaction on 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 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 valued at $5,649,850 in the last three months. 15.54% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On DoorDash
A number of institutional investors have recently added to or reduced their stakes in DASH. Natixis lifted its stake in shares of DoorDash by 393.1% during the fourth quarter. Natixis now owns 180,001 shares of the company's stock worth $8,788,000 after purchasing an additional 143,500 shares in the last quarter. Macquarie Group Ltd. increased its holdings in DoorDash by 34.2% in the fourth quarter. Macquarie Group Ltd. now owns 5,298 shares of the company's stock valued at $259,000 after buying an additional 1,350 shares during the last quarter. National Pension Service increased its holdings in DoorDash by 19.2% in the fourth quarter. National Pension Service now owns 394,320 shares of the company's stock valued at $19,251,000 after buying an additional 63,511 shares during the last quarter. CoreView Capital Management Ltd increased its holdings in DoorDash by 234.0% in the fourth quarter. CoreView Capital Management Ltd now owns 347,700 shares of the company's stock valued at $16,975,000 after buying an additional 243,595 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of DoorDash by 2.3% during the fourth quarter. Alliancebernstein L.P. now owns 128,053 shares of the company's stock valued at $6,252,000 after purchasing an additional 2,853 shares during the last quarter. Hedge funds and other institutional investors own 72.65% of the company's stock.
DoorDash Company Profile
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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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