DoorDash (NASDAQ:DASH) Price Target Raised to $225.00 at Roth Capital

DoorDash (NASDAQ:DASH - Get Free Report) had its target price increased by equities researchers at Roth Capital from $191.00 to $225.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Roth Capital's price target indicates a potential downside of 7.20% from the company's current price.

A number of other equities analysts have also weighed in on DASH. Wedbush reaffirmed an "outperform" rating on shares of DoorDash in a research note on Wednesday, May 7th. Morgan Stanley decreased their price target on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. BMO Capital Markets reaffirmed an "outperform" rating on shares of DoorDash in a research note on Tuesday, April 29th. UBS Group decreased their price target on shares of DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $230.00 price target on shares of DoorDash in a research note on Wednesday, May 7th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $223.44.

DoorDash Price Performance

DASH stock traded up $2.01 on Monday, reaching $242.45. 782,947 shares of the company were exchanged, compared to its average volume of 4,224,750. DoorDash has a 12 month low of $99.32 and a 12 month high of $248.74. The stock's fifty day moving average price is $216.76 and its 200 day moving average price is $196.39. The firm has a market capitalization of $102.74 billion, a PE ratio of 314.81 and a beta of 1.70.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.05. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.10 billion. DoorDash had a net margin of 3.02% and a return on equity of 4.39%. The firm's quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS. As a group, research analysts expect that DoorDash will post 2.22 EPS for the current fiscal year.

Insider Activity at DoorDash

In other news, Director Andy Fang sold 30,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $240.66, for a total transaction of $7,219,800.00. Following the completion of the sale, the director owned 22,545 shares of the company's stock, valued at $5,425,679.70. This represents a 57.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shona L. Brown sold 1,250 shares of the stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $244.99, for a total transaction of $306,237.50. Following the transaction, the director directly owned 44,302 shares of the company's stock, valued at approximately $10,853,546.98. This trade represents a 2.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 429,031 shares of company stock valued at $94,584,086 over the last 90 days. Company insiders own 5.83% of the company's stock.

Institutional Trading of DoorDash

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of DoorDash by 25.8% in the 1st quarter. Vanguard Group Inc. now owns 39,397,286 shares of the company's stock worth $7,200,642,000 after buying an additional 8,073,882 shares in the last quarter. Capital World Investors lifted its stake in DoorDash by 26.4% in the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after buying an additional 2,538,160 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in DoorDash by 15.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,907,970 shares of the company's stock worth $897,031,000 after purchasing an additional 641,601 shares during the period. Invesco Ltd. raised its position in shares of DoorDash by 41.9% during the 1st quarter. Invesco Ltd. now owns 4,799,851 shares of the company's stock worth $877,269,000 after buying an additional 1,416,194 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of DoorDash by 25.0% in the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock worth $796,781,000 after acquiring an additional 949,414 shares in the last quarter. Institutional investors and hedge funds own 90.64% of the company's stock.

DoorDash Company Profile

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.

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