DoorDash (NASDAQ:DASH) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

DoorDash (NASDAQ:DASH - Free Report) had its price target increased by Wells Fargo & Company from $198.00 to $239.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

DASH has been the subject of a number of other research reports. UBS Group reduced their price target on DoorDash from $197.00 to $196.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Royal Bank Of Canada reissued an "outperform" rating and set a $230.00 target price on shares of DoorDash in a report on Wednesday, May 7th. BMO Capital Markets reissued an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. Wedbush restated an "outperform" rating on shares of DoorDash in a research report on Wednesday, May 7th. Finally, DA Davidson lifted their target price on DoorDash from $150.00 to $190.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and an average price target of $220.53.

DoorDash Trading Up 3.4%

Shares of DASH stock traded up $8.10 on Monday, reaching $246.89. The company had a trading volume of 5,708,387 shares, compared to its average volume of 4,249,592. The stock has a market cap of $104.62 billion, a PE ratio of 320.64 and a beta of 1.70. The company has a 50-day moving average of $213.14 and a 200-day moving average of $194.42. DoorDash has a 12 month low of $99.32 and a 12 month high of $248.74.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.05. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The business had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the prior year, the business earned ($0.06) EPS. DoorDash's revenue for the quarter was up 20.7% compared to the same quarter last year. Sell-side analysts anticipate that DoorDash will post 2.22 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In related news, Director Stanley Tang sold 45,410 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $240.69, for a total transaction of $10,929,732.90. Following the completion of the sale, the director owned 26,070 shares in the company, valued at approximately $6,274,788.30. This represents a 63.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tony Xu sold 34,167 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 value of $8,222,630.22. Following the completion of the transaction, the chief executive officer owned 520,450 shares of the company's stock, valued at $125,251,497. This trade represents a 6.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,781 shares of company stock valued at $94,277,848 in the last three months. Insiders own 5.83% of the company's stock.

Institutional Trading of DoorDash

A number of institutional investors have recently added to or reduced their stakes in DASH. Brighton Jones LLC increased its stake in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock worth $1,566,000 after acquiring an additional 1,807 shares during the last quarter. Jones Financial Companies Lllp increased its stake in DoorDash by 36.2% in the 4th quarter. Jones Financial Companies Lllp now owns 1,926 shares of the company's stock worth $323,000 after acquiring an additional 512 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in DoorDash by 66.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,242 shares of the company's stock worth $208,000 after acquiring an additional 495 shares during the last quarter. GAMMA Investing LLC increased its stake in DoorDash by 70.4% in the 1st quarter. GAMMA Investing LLC now owns 1,922 shares of the company's stock worth $351,000 after acquiring an additional 794 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its stake in DoorDash by 14.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,636 shares of the company's stock worth $299,000 after acquiring an additional 206 shares during the last quarter. Hedge funds and other institutional investors 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.