DoorDash (NASDAQ:DASH) PT Lowered to $140.00

DoorDash (NASDAQ:DASH) had its price objective dropped by equities researchers at JMP Securities from $160.00 to $140.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “market outperform” rating on the stock. JMP Securities’ price target suggests a potential upside of 25.15% from the company’s current price.

Several other equities research analysts have also recently issued reports on DASH. BMO Capital Markets cut their price objective on shares of DoorDash from $138.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday. Piper Sandler raised shares of DoorDash from an “underweight” rating to a “neutral” rating and increased their price target for the company from $53.00 to $127.00 in a research note on Friday, March 15th. Susquehanna lifted their price target on shares of DoorDash from $110.00 to $135.00 and gave the company a “positive” rating in a research report on Tuesday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $137.00 price objective on shares of DoorDash in a report on Thursday. Finally, UBS Group decreased their target price on shares of DoorDash from $123.00 to $118.00 and set a “neutral” rating on the stock in a research report on Friday, February 16th. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.04.

DoorDash Stock Performance

Shares of DASH stock traded down $15.59 during trading hours on Thursday, reaching $111.87. The company had a trading volume of 12,366,259 shares, compared to its average volume of 3,759,691. DoorDash has a 12-month low of $60.36 and a 12-month high of $143.34. The company has a market capitalization of $45.20 billion, a price-to-earnings ratio of -78.01, a PEG ratio of 14.38 and a beta of 1.78. The stock has a fifty day moving average of $132.16 and a 200-day moving average of $109.84.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the previous year, the company posted ($0.41) earnings per share. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. On average, analysts forecast that DoorDash will post 0.21 EPS for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, insider Keith Yandell sold 3,500 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $124.50, for a total transaction of $435,750.00. Following the completion of the sale, the insider now directly owns 161,102 shares of the company’s stock, valued at approximately $20,057,199. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Keith Yandell sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $124.50, for a total transaction of $435,750.00. Following the completion of the sale, the insider now owns 161,102 shares in the company, valued at $20,057,199. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $141.60, for a total transaction of $99,120.00. Following the completion of the transaction, the director now owns 70,111 shares in the company, valued at $9,927,717.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 480,782 shares of company stock worth $63,130,157. 9.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DASH. Venturi Wealth Management LLC boosted its holdings in DoorDash by 54.5% in the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 90 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of DoorDash by 26.9% in the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after buying an additional 98 shares during the period. Westside Investment Management Inc. boosted its stake in shares of DoorDash by 18.2% in the fourth quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock valued at $64,000 after buying an additional 100 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in DoorDash by 1.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock worth $647,000 after acquiring an additional 100 shares during the period. Finally, Summit Trail Advisors LLC raised its position in DoorDash by 0.3% in the first quarter. Summit Trail Advisors LLC now owns 36,925 shares of the company’s stock worth $5,085,000 after acquiring an additional 106 shares in the last quarter. 90.64% of the stock is owned by hedge funds and other 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.