DoorDash, Inc. (NASDAQ:DASH) Given Consensus Rating of "Moderate Buy" by Brokerages

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirty-four analysts that are covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and twenty-four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $209.97.

A number of research firms recently weighed in on DASH. Evercore ISI reaffirmed an "outperform" rating on shares of DoorDash in a research report on Monday, March 10th. Morgan Stanley reduced 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. Roth Capital set a $191.00 target price on DoorDash and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Mizuho upped their target price on DoorDash from $200.00 to $222.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, Benchmark increased their price target on DoorDash from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th.

DoorDash Price Performance

Shares of DoorDash stock opened at $200.87 on Friday. The firm has a market cap of $85.12 billion, a price-to-earnings ratio of 743.96 and a beta of 1.68. The stock's 50-day moving average is $187.51 and its 200-day moving average is $183.44. DoorDash has a one year low of $99.32 and a one year high of $215.25.

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

Insiders Place Their Bets

In other DoorDash news, CFO Ravi Inukonda sold 14,715 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $196.52, for a total transaction of $2,891,791.80. Following the completion of the sale, the chief financial officer now directly owns 338,055 shares in the company, valued at $66,434,568.60. This represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stanley Tang sold 45,410 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the sale, the director now directly owns 18,285 shares in the company, valued at approximately $3,313,424.85. This represents a 71.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,612 shares of company stock worth $18,808,326 in the last 90 days. Company insiders own 5.83% of the company's stock.

Hedge Funds Weigh In On DoorDash

A number of institutional investors have recently modified their holdings of DASH. Vanguard Group Inc. raised its stake 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 acquiring an additional 8,073,882 shares in the last quarter. Capital World Investors increased its position in DoorDash by 26.4% during the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock worth $2,038,712,000 after purchasing an additional 2,538,160 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in DoorDash by 15.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company's stock valued at $897,031,000 after purchasing an additional 641,601 shares during the last quarter. Invesco Ltd. lifted its stake in DoorDash by 41.9% in the 1st quarter. Invesco Ltd. now owns 4,799,851 shares of the company's stock valued at $877,269,000 after purchasing an additional 1,416,194 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in DoorDash by 25.0% in the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock valued at $796,781,000 after buying an additional 949,414 shares in the last quarter. Institutional investors and hedge funds 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.

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