DoorDash (NASDAQ:DASH) Price Target Raised to $250.00 at JMP Securities

DoorDash (NASDAQ:DASH - Free Report) had its target price increased by JMP Securities from $235.00 to $250.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a market outperform rating on the stock.

DASH has been the topic of a number of other research reports. Citigroup restated an "outperform" rating on shares of DoorDash in a research note on Thursday, June 12th. FBN Securities assumed coverage on shares of DoorDash in a research note on Friday, March 28th. They set an "outperform" rating and a $230.00 target price on the stock. DA Davidson raised their target price on shares of DoorDash from $150.00 to $190.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Wall Street Zen upgraded shares of DoorDash from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $230.00 target price on shares of DoorDash in a research note on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $226.97.

DoorDash Price Performance

Shares of NASDAQ:DASH traded up $2.87 during trading on Tuesday, hitting $237.89. The company's stock had a trading volume of 2,559,040 shares, compared to its average volume of 4,212,521. The company has a 50-day moving average of $220.61 and a 200-day moving average of $197.89. DoorDash has a 12 month low of $99.32 and a 12 month high of $248.74. The firm has a market cap of $100.80 billion, a price-to-earnings ratio of 308.99 and a beta of 1.70.

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

Insider Activity

In other DoorDash news, Director Andy Fang sold 30,000 shares of DoorDash stock in a transaction on 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 completion of the transaction, the director directly owned 22,545 shares of the company's stock, valued at $4,903,988.40. The trade was 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 Stanley Tang sold 45,410 shares of DoorDash 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 transaction, the director directly owned 26,070 shares of the company's stock, valued at $6,274,788.30. The trade was a 63.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 463,198 shares of company stock valued at $102,674,831 over the last ninety days. 5.83% of the stock is owned by corporate insiders.

Institutional Trading of DoorDash

A number of large investors have recently made changes to their positions in DASH. Brighton Jones LLC boosted its stake in shares of DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company's stock valued at $1,566,000 after purchasing an additional 1,807 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of DoorDash during the fourth quarter valued at $219,000. Independent Advisor Alliance purchased a new stake in shares of DoorDash during the fourth quarter valued at $390,000. EverSource Wealth Advisors LLC boosted its stake 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 period. Finally, Avantax Advisory Services Inc. boosted its stake in shares of DoorDash by 20.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 2,103 shares of the company's stock valued at $353,000 after purchasing an additional 359 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

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.