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

Key Points

• Analysts maintain a “Moderate Buy” consensus on DoorDash, with 23 buy ratings, nine holds and one sell among 33 brokerages. The average 12-month price target is approximately $254.09, above the reported share price of $217.02.
• DoorDash reported 35.6% year-over-year revenue growth to $4.45 billion, exceeding estimates, though quarterly EPS of $0.46 slightly missed the $0.47 consensus. Analysts expect full-year EPS of about $2.47.
• Institutional ownership is high at 90.64%, with major investors including Norges Bank, Wellington Management and T. Rowe Price increasing their positions. Meanwhile, insiders sold $26.8 million of stock over the past 90 days, including transactions by the CFO and a director under pre-arranged trading plans.

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirty-three brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $254.0882.

A number of equities research analysts have commented on DASH shares. Citigroup raised their price objective on DoorDash from $250.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Wells Fargo & Company upped their target price on DoorDash from $199.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Needham & Company LLC reiterated a "buy" rating and issued a $265.00 target price on shares of DoorDash in a report on Thursday, August 6th. Cantor Fitzgerald lifted their price target on shares of DoorDash from $230.00 to $260.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Finally, Barclays upped their price objective on shares of DoorDash from $220.00 to $230.00 and gave the stock an "equal weight" rating in a report on Thursday, August 6th.

Insider Buying and Selling

In related news, CFO Ravi Inukonda sold 19,095 shares of the firm's stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $188.04, for a total value of $3,590,623.80. Following the transaction, the chief financial officer owned 252,443 shares of the company's stock, valued at approximately $47,469,381.72. This trade represents a 7.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 67,693 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $200.63, for a total transaction of $13,581,246.59. Following the completion of the transaction, the director directly owned 40,218 shares in the company, valued at approximately $8,068,937.34. The trade was a 62.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 142,620 shares of company stock worth $26,822,778 over the last ninety days. Insiders own 5.28% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DASH. Norges Bank purchased a new stake in DoorDash in the 4th quarter valued at $1,093,650,000. Wellington Management Group LLP boosted its holdings in DoorDash by 593.1% during the 4th quarter. Wellington Management Group LLP now owns 5,481,693 shares of the company's stock worth $1,241,494,000 after acquiring an additional 4,690,744 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in DoorDash by 32.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,958,114 shares of the company's stock worth $3,161,234,000 after acquiring an additional 3,447,754 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of DoorDash by 40.2% in the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company's stock worth $1,159,377,000 after acquiring an additional 2,225,954 shares in the last quarter. Finally, Coatue Management LLC grew its stake in shares of DoorDash by 77.8% in the 4th quarter. Coatue Management LLC now owns 4,365,365 shares of the company's stock worth $988,668,000 after acquiring an additional 1,910,488 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company's stock.

DoorDash Price Performance

Shares of NASDAQ DASH opened at $217.02 on Friday. The firm has a market capitalization of $94.03 billion, a P/E ratio of 113.62 and a beta of 1.78. The firm's 50-day moving average price is $186.14 and its 200-day moving average price is $175.02. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. DoorDash has a 1-year low of $143.30 and a 1-year high of $285.50.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). DoorDash had a net margin of 5.29% and a return on equity of 8.48%. The firm had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The business's quarterly revenue was up 35.6% on a year-over-year basis. Equities research analysts anticipate that DoorDash will post 2.47 earnings per share for the current fiscal year.

Key Headlines Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Investor-focused commentary highlighted DoorDash’s scale, convenience-driven demand and potential for continued expansion beyond restaurant delivery. A Parnassus Investments quarterly letter also identified DoorDash as a holding, offering additional institutional validation. Three reasons investors like DoorDash Parnassus investor letter discussion
• Positive Sentiment: New or expanded partnerships with Australian retailer Big W and Related Ross support DoorDash’s strategy of broadening same-day delivery and increasing order frequency across retail and prepared food. Big W delivery partnership Related Ross delivery partnership
• Positive Sentiment: A Concord food pantry’s partnership with DoorDash reinforces the company’s community presence and may modestly support brand perception, although it is unlikely to materially affect near-term financial results. Concord food pantry partnership

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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