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

Key Points

• DoorDash has a consensus analyst rating of “Moderate Buy” from 36 brokerages, with 25 buy ratings, 2 strong buy ratings, and 9 hold ratings. The average 12-month price target is about $259.58.
• The stock was up 3.4% and opened at $164.78, while the company’s latest quarterly results showed EPS of $0.42, beating estimates, and revenue of $4.04 billion, up 33.1% year over year.
• Recent insider activity included sales by directors and executives, with insiders selling 69,808 shares worth about $11.1 million over the last quarter. Meanwhile, institutions remain heavily invested, owning 90.64% of DoorDash shares.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirty-six brokerages that are presently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation, twenty-five have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $259.5833.

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald cut their price objective on shares of DoorDash from $285.00 to $230.00 and set an "overweight" rating for the company in a research report on Thursday, February 19th. BTIG Research reiterated a "buy" rating and issued a $280.00 price target on shares of DoorDash in a research report on Thursday, May 7th. Citizens Jmp dropped their price target on shares of DoorDash from $285.00 to $250.00 and set a "market outperform" rating for the company in a research report on Friday, February 20th. Sanford C. Bernstein dropped their price target on shares of DoorDash from $285.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group set a $280.00 price target on shares of DoorDash in a research report on Thursday, May 7th.

DoorDash Trading Up 3.4%

Shares of DASH stock opened at $164.78 on Tuesday. The firm has a 50 day moving average price of $162.32 and a two-hundred day moving average price of $186.94. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $71.80 billion, a PE ratio of 78.47 and a beta of 1.83. DoorDash has a 12-month low of $143.30 and a 12-month high of $285.50.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business's revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. As a group, analysts predict that DoorDash will post 2.45 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $176.61, for a total value of $220,762.50. Following the completion of the sale, the director directly owned 31,002 shares in the company, valued at approximately $5,475,263.22. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Keith Yandell sold 2,643 shares of DoorDash stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total transaction of $410,563.62. Following the completion of the sale, the insider owned 81,106 shares of the company's stock, valued at approximately $12,599,006.04. The trade was a 3.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 69,808 shares of company stock valued at $11,135,403 in the last quarter. Corporate insiders own 5.83% of the company's stock.

Institutional Investors Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Physician Wealth Advisors Inc. increased its stake in DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company's stock valued at $26,000 after acquiring an additional 71 shares during the last quarter. Eastern Bank increased its stake in DoorDash by 714.3% in the fourth quarter. Eastern Bank now owns 114 shares of the company's stock valued at $26,000 after acquiring an additional 100 shares during the last quarter. MV Capital Management Inc. bought a new position in DoorDash in the fourth quarter valued at approximately $26,000. Swiss RE Ltd. bought a new position in DoorDash in the fourth quarter valued at approximately $28,000. Finally, ST Germain D J Co. Inc. bought a new position in DoorDash in the fourth quarter valued at approximately $29,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company's core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

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