DoorDash (NASDAQ:DASH) Receives "Hold" Rating from Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of DoorDash (NASDAQ:DASH - Free Report) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. They currently have a $250.00 price objective on the stock, up from their previous price objective of $235.00.

DASH has been the subject of a number of other reports. JPMorgan Chase & Co. reduced their price target on shares of DoorDash from $205.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Citigroup restated an "outperform" rating on shares of DoorDash in a research report on Thursday, June 12th. Needham & Company LLC upped their target price on DoorDash from $225.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. JMP Securities lifted their price target on DoorDash from $225.00 to $235.00 and gave the company a "market outperform" rating in a research report on Thursday, June 12th. Finally, Morgan Stanley decreased their price objective on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Eleven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, DoorDash presently has a consensus rating of "Moderate Buy" and a consensus price target of $226.97.

DoorDash Trading Up 0.2%

Shares of NASDAQ DASH traded up $0.52 during mid-day trading on Tuesday, hitting $235.02. The company had a trading volume of 3,012,445 shares, compared to its average volume of 4,218,500. The stock's 50-day moving average price is $219.58 and its 200-day moving average price is $197.44. The company has a market capitalization of $99.59 billion, a price-to-earnings ratio of 305.22 and a beta of 1.70. DoorDash has a 1 year low of $99.32 and a 1 year high of $248.74.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share 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 firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the prior year, the business posted ($0.06) earnings per share. The company's revenue was up 20.7% on a year-over-year basis. As a group, equities research analysts forecast that DoorDash will post 2.22 earnings per share for the current year.

Insider Activity at DoorDash

In other news, CFO Ravi Inukonda sold 20,000 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $247.00, for a total value of $4,940,000.00. Following the completion of the sale, the chief financial officer directly owned 245,530 shares of the company's stock, valued at approximately $60,645,910. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $217.52, for a total transaction of $6,525,600.00. Following the sale, the director directly owned 22,545 shares in the company, valued at $4,903,988.40. The trade was a 57.09% 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

Several large investors have recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of 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 buying an additional 1,807 shares during the period. Proficio Capital Partners LLC purchased a new stake in DoorDash in the fourth quarter worth about $219,000. Independent Advisor Alliance bought a new position in shares of DoorDash during the fourth quarter valued at approximately $390,000. EverSource Wealth Advisors LLC lifted its holdings in shares of DoorDash by 38.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 551 shares of the company's stock valued at $92,000 after purchasing an additional 153 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in shares of DoorDash by 20.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 2,103 shares of the company's stock worth $353,000 after purchasing an additional 359 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

About DoorDash

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.