DoorDash (NASDAQ:DASH) Price Target Raised to $265.00

DoorDash (NASDAQ:DASH - Get Free Report) had its price objective upped by research analysts at Sanford C. Bernstein from $210.00 to $265.00 in a report released on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Sanford C. Bernstein's price target points to a potential upside of 10.50% from the stock's current price.

DASH has been the topic of a number of other research reports. Morgan Stanley restated an "overweight" rating and issued a $275.00 price target (up previously from $220.00) on shares of DoorDash in a research note on Monday. UBS Group reduced their target price on DoorDash from $197.00 to $196.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. JPMorgan Chase & Co. reduced their price objective on DoorDash from $205.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Loop Capital reissued a "buy" rating on shares of DoorDash in a research note on Tuesday, July 15th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $260.00 price target (up from $210.00) on shares of DoorDash in a research note on Wednesday, June 25th. Twelve equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, DoorDash presently has a consensus rating of "Moderate Buy" and a consensus target price of $230.34.

DoorDash Price Performance

Shares of DoorDash stock traded down $0.71 during trading on Monday, hitting $239.82. 1,724,670 shares of the company were exchanged, compared to its average volume of 4,184,516. The firm has a market capitalization of $101.62 billion, a P/E ratio of 311.46 and a beta of 1.70. DoorDash has a 1-year low of $99.32 and a 1-year high of $248.74. The firm's fifty day moving average price is $221.73 and its 200 day moving average price is $198.79.

DoorDash (NASDAQ:DASH - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $3.10 billion. During the same period in the previous year, the firm earned ($0.06) EPS. DoorDash's quarterly revenue was up 20.7% compared to the same quarter last year. As a group, equities research analysts anticipate that DoorDash will post 2.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Shona L. Brown sold 1,250 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $244.99, for a total value of $306,237.50. Following the completion of the transaction, the director owned 44,302 shares in the company, valued at $10,853,546.98. This trade represents a 2.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tony Xu sold 34,167 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $236.80, for a total value of $8,090,745.60. Following the completion of the transaction, the chief executive officer owned 520,450 shares of the company's stock, valued at approximately $123,242,560. The trade was a 6.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 463,198 shares of company stock worth $102,674,831. Insiders own 5.83% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of DoorDash by 24.0% in the fourth 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 period. Flagship Harbor Advisors LLC grew its holdings in shares of DoorDash by 14.4% in the first 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 period. GAMMA Investing LLC grew its holdings in shares of DoorDash by 70.4% in the first 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 period. Commonwealth Equity Services LLC grew its holdings in shares of DoorDash by 43.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,026 shares of the company's stock worth $1,682,000 after acquiring an additional 3,013 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in shares of DoorDash by 9.3% in the first quarter. Park Avenue Securities LLC now owns 10,017 shares of the company's stock worth $1,831,000 after acquiring an additional 850 shares during the period. 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.