DoorDash (NASDAQ:DASH) Earns Buy Rating from Analysts at Loop Capital

Loop Capital initiated coverage on shares of DoorDash (NASDAQ:DASH - Free Report) in a research report sent to investors on Friday morning, Marketbeat reports. The brokerage issued a buy rating and a $170.00 price target on the stock.

Other analysts also recently issued reports about the stock. Truist Financial increased their price target on shares of DoorDash from $140.00 to $155.00 and gave the company a buy rating in a report on Wednesday, March 27th. UBS Group dropped their price objective on shares of DoorDash from $123.00 to $118.00 and set a neutral rating for the company in a research note on Friday, February 16th. JMP Securities increased their price objective on shares of DoorDash from $130.00 to $160.00 and gave the company a market outperform rating in a research note on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of DoorDash from $140.00 to $155.00 and gave the company a buy rating in a research note on Tuesday. Finally, Piper Sandler upgraded shares of DoorDash from an underweight rating to a neutral rating and increased their price objective for the company from $53.00 to $127.00 in a research note on Friday, March 15th. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $130.52.

DoorDash Stock Down 2.2 %

DASH stock traded down $2.92 during trading hours on Friday, hitting $127.18. The company's stock had a trading volume of 4,616,657 shares, compared to its average volume of 3,592,179. The stock has a 50 day moving average price of $130.22 and a two-hundred day moving average price of $106.42. The company has a market capitalization of $51.38 billion, a PE ratio of -90.28, a price-to-earnings-growth ratio of 15.34 and a beta of 1.79. DoorDash has a 12 month low of $56.59 and a 12 month high of $143.34.

DoorDash (NASDAQ:DASH - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.24). The firm had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.25 billion. DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. DoorDash's quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.63) earnings per share. Sell-side analysts expect that DoorDash will post 0.2 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 132,300 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $131.96, for a total value of $17,458,308.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Gordon S. Lee sold 1,000 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $124.50, for a total value of $124,500.00. Following the transaction, the chief accounting officer now owns 92,207 shares of the company's stock, valued at approximately $11,479,771.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony Xu sold 132,300 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $131.96, for a total transaction of $17,458,308.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 497,282 shares of company stock worth $64,885,042. 9.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DASH. Fifth Third Bancorp boosted its stake in DoorDash by 448.8% during the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company's stock worth $35,000 after acquiring an additional 359 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company's stock worth $39,000 after acquiring an additional 307 shares during the last quarter. Covestor Ltd boosted its stake in DoorDash by 101.2% during the 3rd quarter. Covestor Ltd now owns 503 shares of the company's stock worth $40,000 after acquiring an additional 253 shares during the last quarter. Valley National Advisers Inc. bought a new position in DoorDash during the 4th quarter worth approximately $43,000. Finally, SJS Investment Consulting Inc. boosted its stake in DoorDash by 26.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company's stock worth $46,000 after acquiring an additional 98 shares during the last quarter. 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.