DoorDash (NASDAQ:DASH) Price Target Lowered to $145.00 at Truist Financial

DoorDash (NASDAQ:DASH) had its price objective decreased by Truist Financial from $155.00 to $145.00 in a research note released on Thursday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Loop Capital started coverage on DoorDash in a report on Friday, April 19th. They issued a buy rating and a $170.00 price objective for the company. Mizuho increased their price objective on DoorDash from $140.00 to $152.00 and gave the stock a buy rating in a report on Friday, February 16th. Benchmark dropped their price objective on DoorDash from $165.00 to $150.00 and set a buy rating for the company in a report on Thursday. JMP Securities increased their price objective on DoorDash from $130.00 to $160.00 and gave the stock a market outperform rating in a report on Wednesday, March 27th. Finally, Roth Mkm increased their price objective on DoorDash from $92.00 to $109.00 and gave the stock a neutral rating in a report on Friday, January 19th. Nine research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $129.96.

DoorDash Stock Performance

DASH traded down $0.50 on Thursday, hitting $113.81. 6,210,790 shares of the company were exchanged, compared to its average volume of 4,293,060. The firm has a fifty day simple moving average of $131.86 and a two-hundred day simple moving average of $110.13. DoorDash has a 12 month low of $60.36 and a 12 month high of $143.34. The stock has a market capitalization of $45.98 billion, a PE ratio of -105.38, a price-to-earnings-growth ratio of 13.13 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The business had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period last year, the company earned ($0.41) EPS. DoorDash’s revenue for the quarter was up 23.5% compared to the same quarter last year. On average, equities analysts expect that DoorDash will post 0.21 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, CAO Gordon S. Lee sold 1,000 shares of DoorDash stock in a transaction on Friday, March 1st. The stock was sold at an average price of $124.50, for a total transaction of $124,500.00. Following the completion of the transaction, the chief accounting officer now owns 92,207 shares in the company, valued at $11,479,771.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other DoorDash news, CAO Gordon S. Lee sold 1,000 shares of DoorDash stock in a transaction on Friday, March 1st. The stock was sold at an average price of $124.50, for a total value of $124,500.00. Following the completion of the sale, the chief accounting officer now owns 92,207 shares of the company’s stock, valued at approximately $11,479,771.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $130.95, for a total value of $916,650.00. Following the completion of the sale, the chief financial officer now directly owns 384,425 shares of the company’s stock, valued at approximately $50,340,453.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 487,782 shares of company stock worth $64,046,807. 9.59% of the stock is owned by insiders.

Institutional Trading of DoorDash

Several large investors have recently modified their holdings of DASH. Versor Investments LP bought a new position in DoorDash in the third quarter worth approximately $556,000. Assenagon Asset Management S.A. lifted its position in DoorDash by 1,725.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,113,175 shares of the company’s stock valued at $110,082,000 after purchasing an additional 1,052,198 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in DoorDash during the fourth quarter valued at about $769,000. Angeles Investment Advisors LLC purchased a new stake in DoorDash in the third quarter worth about $336,000. Finally, Bank of Nova Scotia raised its stake in shares of DoorDash by 685.9% in the third quarter. Bank of Nova Scotia now owns 46,751 shares of the company’s stock worth $3,715,000 after buying an additional 40,802 shares during the period. 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.