DoorDash (NASDAQ:DASH) Given New $185.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus cut its price target on DoorDash from $215 to $185 and kept a "hold" rating, implying roughly a 19% upside from the current price.
• Analyst sentiment is mixed but tilted positive: MarketBeat's consensus is a Moderate Buy with an average target of $260.88, even as several firms have trimmed their targets recently.
• DoorDash's latest quarter missed EPS estimates ($0.48 vs. $0.58) despite 37.7% revenue growth year-over-year, and insiders sold about 95,423 shares (~$18.0M) in the past three months.

DoorDash (NASDAQ:DASH - Get Free Report) had its target price dropped by equities research analysts at Stifel Nicolaus from $215.00 to $185.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Stifel Nicolaus' price target would indicate a potential upside of 19.07% from the company's current price.

DASH has been the topic of a number of other reports. Piper Sandler reissued a "neutral" rating and issued a $220.00 target price (down from $230.00) on shares of DoorDash in a research note on Thursday, February 19th. DA Davidson decreased their target price on shares of DoorDash from $260.00 to $224.00 and set a "neutral" rating on the stock in a research note on Thursday, February 19th. Wedbush raised their target price on shares of DoorDash from $260.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday, December 19th. Oppenheimer decreased their target price on shares of DoorDash from $280.00 to $235.00 and set an "outperform" rating on the stock in a research note on Thursday, February 19th. Finally, BTIG Research decreased their target price on shares of DoorDash from $315.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $260.88.

DoorDash Price Performance

DASH traded up $2.80 during trading on Monday, reaching $155.38. The company's stock had a trading volume of 381,542 shares, compared to its average volume of 4,890,221. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $168.09 and a two-hundred day simple moving average of $208.56. DoorDash has a 1 year low of $143.30 and a 1 year high of $285.50. The company has a market cap of $67.50 billion, a price-to-earnings ratio of 73.16 and a beta of 1.93.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The business had revenue of $3.96 billion during the quarter, compared to analysts' expectations of $3.98 billion. During the same period last year, the business earned $0.33 earnings per share. The company's revenue for the quarter was up 37.7% compared to the same quarter last year. As a group, analysts anticipate that DoorDash will post 2.22 EPS for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Shona L. Brown sold 1,250 shares of the business's stock in a transaction 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 transaction, the director owned 31,002 shares in the company, valued at $5,475,263.22. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Prabir Adarkar sold 15,000 shares of the business's stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $204.59, for a total transaction of $3,068,850.00. Following the completion of the transaction, the chief operating officer owned 874,130 shares of the company's stock, valued at approximately $178,838,256.70. This trade represents a 1.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 95,423 shares of company stock worth $18,043,871. 5.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On DoorDash

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Resonant Capital Advisors LLC lifted its position in DoorDash by 3.5% in the third quarter. Resonant Capital Advisors LLC now owns 1,229 shares of the company's stock valued at $334,000 after acquiring an additional 42 shares during the last quarter. Premier Path Wealth Partners LLC raised its holdings in shares of DoorDash by 1.9% in the third quarter. Premier Path Wealth Partners LLC now owns 2,414 shares of the company's stock valued at $657,000 after buying an additional 45 shares during the last quarter. Quotient Wealth Partners LLC raised its holdings in shares of DoorDash by 3.2% in the third quarter. Quotient Wealth Partners LLC now owns 1,537 shares of the company's stock valued at $418,000 after buying an additional 48 shares during the last quarter. Hobart Private Capital LLC raised its holdings in shares of DoorDash by 2.4% in the third quarter. Hobart Private Capital LLC now owns 2,164 shares of the company's stock valued at $589,000 after buying an additional 50 shares during the last quarter. Finally, Callan Family Office LLC raised its holdings in shares of DoorDash by 0.8% in the third quarter. Callan Family Office LLC now owns 6,123 shares of the company's stock valued at $1,665,000 after buying an additional 51 shares during the last quarter. 90.64% of the stock is owned by hedge funds and other institutional investors.

DoorDash Company Profile

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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