DoorDash, Inc. (NASDAQ:DASH) Receives Consensus Recommendation of "Moderate Buy" from Analysts

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirty-three research firms that are presently covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $209.66.

DASH has been the topic of several recent analyst reports. Benchmark reiterated a "buy" rating on shares of DoorDash in a report on Tuesday. Wedbush upped their price target on shares of DoorDash from $160.00 to $210.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Loop Capital lifted their price objective on shares of DoorDash from $200.00 to $235.00 and gave the company a "buy" rating in a report on Monday, February 24th. BMO Capital Markets restated an "outperform" rating on shares of DoorDash in a research note on Tuesday. Finally, Barclays lifted their price target on shares of DoorDash from $163.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, February 13th.

Insider Buying and Selling

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 transaction, the chief financial officer now owns 337,430 shares in the company, valued at $63,173,644.60. This represents a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andy Fang sold 1,398 shares of DoorDash stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $284,423.10. Following the completion of the sale, the director now directly owns 14,778 shares in the company, valued at $3,006,584.10. This represents a 8.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,511 shares of company stock valued at $30,394,673. Corporate insiders own 7.92% of the company's stock.

Hedge Funds Weigh In On DoorDash

Hedge funds and other institutional investors have recently modified their holdings of the business. Pittenger & Anderson Inc. purchased a new position in DoorDash in the 4th quarter worth approximately $29,000. Denver PWM LLC purchased a new position in DoorDash during the fourth quarter worth approximately $30,000. Princeton Global Asset Management LLC acquired a new position in DoorDash during the fourth quarter worth $34,000. ORG Wealth Partners LLC purchased a new stake in DoorDash in the 4th quarter valued at $36,000. Finally, IFP Advisors Inc increased its stake in shares of DoorDash by 31.8% in the 4th quarter. IFP Advisors Inc now owns 224 shares of the company's stock worth $37,000 after acquiring an additional 54 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Stock Performance

NASDAQ DASH traded up $1.66 on Monday, hitting $192.89. 3,165,188 shares of the stock were exchanged, compared to its average volume of 4,227,672. DoorDash has a 52-week low of $99.32 and a 52-week high of $215.25. The firm has a market capitalization of $81.03 billion, a P/E ratio of 714.41 and a beta of 1.69. The stock has a fifty day moving average price of $185.36 and a two-hundred day moving average price of $178.58.

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.