DoorDash, Inc. (NASDAQ:DASH) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of DoorDash, Inc. (NASDAQ:DASH - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the thirty-five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $210.21.

Several analysts have weighed in on DASH shares. Loop Capital boosted their target price on shares of DoorDash from $200.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Stifel Nicolaus set a $198.00 price objective on shares of DoorDash and gave the company a "hold" rating in a report on Tuesday, June 10th. Morgan Stanley cut their target price on DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. BMO Capital Markets reaffirmed an "outperform" rating on shares of DoorDash in a research report on Tuesday, April 29th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $230.00 price target on shares of DoorDash in a research note on Wednesday, May 7th.

Insider Activity

In related news, CFO Ravi Inukonda sold 1,425 shares of the company's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $187.22, for a total transaction of $266,788.50. Following the completion of the sale, the chief financial officer now owns 337,430 shares of the company's stock, valued at approximately $63,173,644.60. This represents a 0.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andy Fang sold 30,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $217.52, for a total transaction of $6,525,600.00. Following the completion of the sale, the director now owns 22,545 shares of the company's stock, valued at approximately $4,903,988.40. The trade was a 57.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 298,030 shares of company stock worth $59,433,406 over the last quarter. 5.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in DoorDash by 25.8% during the first quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock worth $7,200,642,000 after buying an additional 8,073,882 shares in the last quarter. Norges Bank purchased a new position in shares of DoorDash during the 4th quarter worth $597,443,000. Capital World Investors boosted its position in shares of DoorDash by 26.4% during the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after acquiring an additional 2,538,160 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of DoorDash by 67.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock valued at $780,858,000 after purchasing an additional 1,869,866 shares during the period. Finally, AQR Capital Management LLC increased its position in DoorDash by 442.5% during the first quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company's stock worth $321,799,000 after purchasing an additional 1,497,636 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

DoorDash Stock Performance

Shares of DoorDash stock opened at $221.73 on Tuesday. DoorDash has a one year low of $99.32 and a one year high of $223.29. The company has a market capitalization of $93.96 billion, a PE ratio of 821.22 and a beta of 1.67. The company has a 50-day simple moving average of $197.63 and a two-hundred day simple moving average of $188.20.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. The company had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.10 billion. DoorDash had a net margin of 1.15% and a return on equity of 1.67%. DoorDash's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.06) earnings per share. On average, equities analysts predict that DoorDash will post 2.22 earnings per share for the current fiscal year.

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.

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