JPMorgan Chase & Co. Raises DoorDash (NASDAQ:DASH) Price Target to $111.00

DoorDash (NASDAQ:DASH - Get Free Report) had its target price raised by JPMorgan Chase & Co. from $108.00 to $111.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential downside of 2.90% from the company's current price.

Other equities analysts have also recently issued reports about the stock. Moffett Nathanson upgraded shares of DoorDash from a "neutral" rating to a "buy" rating and upped their target price for the company from $118.00 to $164.00 in a research note on Thursday, April 11th. Truist Financial cut their price target on shares of DoorDash from $155.00 to $145.00 and set a "buy" rating for the company in a report on Thursday. Susquehanna lifted their price target on shares of DoorDash from $110.00 to $135.00 and gave the company a "positive" rating in a report on Tuesday, February 20th. Loop Capital started coverage on shares of DoorDash in a report on Friday, April 19th. They set a "buy" rating and a $170.00 price target for the company. Finally, The Goldman Sachs Group raised their price objective on shares of DoorDash from $109.00 to $122.00 and gave the company a "neutral" rating in a research report on Friday, February 16th. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, DoorDash has an average rating of "Moderate Buy" and a consensus price target of $129.40.

DoorDash Trading Down 10.3 %

DoorDash stock traded down $13.15 during midday trading on Thursday, reaching $114.31. 22,131,879 shares of the stock traded hands, compared to its average volume of 3,878,332. The firm has a fifty day moving average price of $132.16 and a two-hundred day moving average price of $109.84. The firm has a market cap of $46.18 billion, a price-to-earnings ratio of -78.87, a PEG ratio of 14.38 and a beta of 1.78. DoorDash has a fifty-two week low of $60.36 and a fifty-two week high of $143.34.

DoorDash (NASDAQ:DASH - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the previous year, the firm earned ($0.41) EPS. DoorDash's revenue was up 23.5% on a year-over-year basis. Analysts anticipate that DoorDash will post 0.21 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, insider Keith Yandell sold 3,500 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $124.50, for a total value of $435,750.00. Following the transaction, the insider now directly owns 161,102 shares in the company, valued at $20,057,199. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Keith Yandell sold 3,500 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $124.50, for a total value of $435,750.00. Following the completion of the transaction, the insider now owns 161,102 shares of the company's stock, valued at $20,057,199. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shona L. Brown sold 700 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total transaction of $76,797.00. Following the completion of the transaction, the director now directly owns 71,514 shares of the company's stock, valued at approximately $7,845,800.94. The disclosure for this sale can be found here. Insiders have sold a total of 480,782 shares of company stock worth $63,130,157 over the last ninety days. Insiders own 9.59% of the company's stock.

Institutional Trading of DoorDash

A number of institutional investors have recently bought and sold shares of the company. FORA Capital LLC bought a new stake in DoorDash during the first quarter valued at $1,164,000. Gilbert & Cook Inc. bought a new position in shares of DoorDash during the 1st quarter worth about $266,000. Nordea Investment Management AB boosted its position in shares of DoorDash by 5.7% during the 1st quarter. Nordea Investment Management AB now owns 19,071 shares of the company's stock worth $2,661,000 after purchasing an additional 1,022 shares in the last quarter. Hollencrest Capital Management bought a new position in shares of DoorDash during the 1st quarter worth about $42,000. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of DoorDash during the 1st quarter worth about $1,446,000. 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.