DoorDash, Inc. (NASDAQ:DASH) Receives $263.88 Consensus PT from Analysts

Key Points

• DoorDash, Inc. has received a consensus rating of "Moderate Buy" from 36 brokerage firms, with a target price averaging $263.88.
• In its recent quarterly earnings, DoorDash reported an EPS of $0.65, surpassing expectations and showing a revenue increase of 24.9% year-over-year.
• Insider trading activity revealed significant stock sales, with a director reducing their ownership by 63.53% after selling more than 45,000 shares.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) has earned a consensus rating of "Moderate Buy" from the thirty-six ratings firms that are presently covering the firm, MarketBeat.com reports. Thirteen equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $263.8824.

A number of equities analysts have recently weighed in on DASH shares. Zacks Research raised DoorDash to a "hold" rating in a research report on Tuesday, August 12th. Oppenheimer upped their price objective on shares of DoorDash from $280.00 to $310.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Wedbush reiterated a "neutral" rating on shares of DoorDash in a report on Friday, August 8th. Susquehanna boosted their target price on shares of DoorDash from $235.00 to $300.00 and gave the stock a "positive" rating in a research report on Monday, August 11th. Finally, Needham & Company LLC set a $300.00 price target on shares of DoorDash and gave the company a "buy" rating in a research report on Thursday, August 7th.

DoorDash Stock Down 0.5%

Shares of DASH traded down $1.15 during trading hours on Friday, hitting $244.10. The stock had a trading volume of 2,683,357 shares, compared to its average volume of 4,638,183. DoorDash has a 1-year low of $122.32 and a 1-year high of $278.15. The firm has a market capitalization of $104.28 billion, a P/E ratio of 135.61 and a beta of 1.70. The firm has a 50 day simple moving average of $245.82 and a 200-day simple moving average of $213.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.23. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.16 billion. DoorDash had a return on equity of 9.56% and a net margin of 6.57%.The firm's revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.38) EPS. Sell-side analysts predict that DoorDash will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Tony Xu sold 291,403 shares of DoorDash stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $238.19, for a total transaction of $69,409,280.57. Following the transaction, the chief executive officer owned 229,047 shares of the company's stock, valued at $54,556,704.93. The trade was a 55.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $275.74, for a total value of $13,787,000.00. Following the completion of the sale, the director directly owned 22,545 shares of the company's stock, valued at $6,216,558.30. The trade was a 68.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 901,361 shares of company stock worth $218,575,187 over the last three months. Company insiders own 5.83% of the company's stock.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently made changes to their positions in the company. Saudi Central Bank bought a new stake in DoorDash in the 1st quarter worth about $25,000. WPG Advisers LLC purchased a new position in shares of DoorDash in the 1st quarter worth approximately $26,000. Pacific Center for Financial Services bought a new position in shares of DoorDash in the first quarter valued at approximately $27,000. GFG Capital LLC bought a new position in shares of DoorDash in the second quarter valued at approximately $30,000. Finally, Harbour Investments Inc. increased its position in shares of DoorDash by 55.6% during the first quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

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.