DoorDash (NASDAQ:DASH) Price Target Lowered to $206.00 at UBS Group

Key Points

• UBS cut its price target on DoorDash from $240 to $206 and maintained a "neutral" rating, implying about a 17% upside from the prior close.
• Analyst views are mixed — MarketBeat shows a consensus "Moderate Buy" with an average target of $259.31 while individual targets range roughly from $185 to $300.
• DoorDash recently missed quarterly EPS ( $0.48 vs. $0.58 consensus) and reported $3.96B in revenue (up 37.7% YoY), with the stock trading around $175.83 and a market cap near $76.4B.

DoorDash (NASDAQ:DASH - Get Free Report) had its price objective reduced by equities research analysts at UBS Group from $240.00 to $206.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's price objective suggests a potential upside of 17.16% from the company's previous close.

Several other research analysts also recently issued reports on DASH. Zacks Research downgraded DoorDash from a "hold" rating to a "strong sell" rating in a research report on Monday, April 13th. Moffett Nathanson set a $276.00 price target on DoorDash in a report on Wednesday, April 15th. Oppenheimer cut their price target on DoorDash from $280.00 to $235.00 and set an "outperform" rating for the company in a report on Thursday, February 19th. Stifel Nicolaus cut their price target on DoorDash from $215.00 to $185.00 and set a "hold" rating for the company in a report on Monday, April 13th. Finally, Evercore set a $300.00 price target on DoorDash in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, DoorDash has an average rating of "Moderate Buy" and an average target price of $259.31.

DoorDash Price Performance

Shares of DoorDash stock traded up $7.18 during trading on Friday, hitting $175.83. 3,191,646 shares of the company were exchanged, compared to its average volume of 4,761,273. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. DoorDash has a fifty-two week low of $143.30 and a fifty-two week high of $285.50. The stock has a market capitalization of $76.39 billion, a price-to-earnings ratio of 82.94 and a beta of 1.93. The firm has a 50 day moving average price of $167.00 and a 200 day moving average price of $200.10.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.10). DoorDash had a return on equity of 10.15% and a net margin of 6.82%.The company had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company's revenue for the quarter was up 37.7% on a year-over-year basis. On average, equities analysts expect that DoorDash will post 2.51 earnings per share for the current fiscal year.

Insider Transactions at DoorDash

In other news, Director Stanley Tang sold 21,433 shares of the company's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total transaction of $3,214,950.00. Following the completion of the sale, the director directly owned 19,279 shares in the company, valued at $2,891,850. This represents a 52.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 1,250 shares of the company's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $176.61, for a total value of $220,762.50. Following the sale, the director owned 31,002 shares of the company's stock, valued at approximately $5,475,263.22. The trade was a 3.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 89,406 shares of company stock worth $16,639,624 in the last ninety days. Insiders own 5.83% of the company's stock.

Institutional Trading of DoorDash

A number of institutional investors and hedge funds have recently made changes to their positions in DASH. Norges Bank acquired a new stake in shares of DoorDash during the 4th quarter worth $1,093,650,000. Wellington Management Group LLP boosted its position 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 purchasing an additional 4,690,744 shares during the period. Price T Rowe Associates Inc. MD boosted its position 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 purchasing an additional 3,447,754 shares during the period. Coatue Management LLC boosted its position in DoorDash by 77.8% during the 4th quarter. Coatue Management LLC now owns 4,365,365 shares of the company's stock worth $988,668,000 after purchasing an additional 1,910,488 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new stake in DoorDash during the 4th quarter worth $372,128,000. 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.

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.