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

Shares of DoorDash, Inc. (NASDAQ:DASH - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirty-five research firms that are covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation, twenty-four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $220.53.

Several research analysts have weighed in on the stock. Oppenheimer increased their target price on shares of DoorDash from $220.00 to $280.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Morgan Stanley lowered their price objective on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. FBN Securities assumed coverage on shares of DoorDash in a research note on Friday, March 28th. They issued an "outperform" rating and a $230.00 price objective for the company. Needham & Company LLC raised their price objective on shares of DoorDash from $225.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Bank of America raised their price objective on shares of DoorDash from $230.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday, June 12th.

Insider Activity at DoorDash

In other news, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $240.66, for a total transaction of $7,219,800.00. Following the completion of the transaction, the director owned 22,545 shares of the company's stock, valued at $5,425,679.70. The trade was a 57.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $244.99, for a total value of $306,237.50. Following the transaction, the director directly owned 44,302 shares of the company's stock, valued at $10,853,546.98. This trade represents a 2.74% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 429,031 shares of company stock worth $94,584,086. 5.83% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DASH. Vanguard Group Inc. raised its stake in DoorDash by 25.8% in the 1st quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock valued at $7,200,642,000 after purchasing an additional 8,073,882 shares during the last quarter. Norges Bank acquired a new position in DoorDash in the 4th quarter valued at about $597,443,000. Capital World Investors raised its stake in DoorDash by 26.4% in the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after purchasing an additional 2,538,160 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in DoorDash by 67.1% in the 4th 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 last quarter. Finally, AQR Capital Management LLC raised its stake in DoorDash by 442.5% in the 1st quarter. AQR Capital Management LLC now owns 1,836,122 shares of the company's stock valued at $321,799,000 after purchasing an additional 1,497,636 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Price Performance

Shares of DASH stock opened at $240.44 on Friday. The firm has a market cap of $101.88 billion, a PE ratio of 312.26 and a beta of 1.70. The company has a 50-day moving average of $216.76 and a two-hundred day moving average of $196.04. DoorDash has a 1-year low of $99.32 and a 1-year high of $248.74.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.05. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. DoorDash's revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.06) earnings per share. Sell-side analysts anticipate that DoorDash will post 2.22 EPS 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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