DoorDash (NASDAQ:DASH) Price Target Raised to $235.00 at Loop Capital

DoorDash (NASDAQ:DASH) had its price objective lifted by investment analysts at Loop Capital from $200.00 to $235.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s target price would suggest a potential upside of 19.79% from the company’s previous close.

A number of other equities research analysts have also recently commented on DASH. Evercore ISI upped their target price on shares of DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Mizuho lifted their target price on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. KeyCorp upped their price target on DoorDash from $180.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Benchmark lifted their price objective on shares of DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Barclays upped their price objective on shares of DoorDash from $163.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 13th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $206.52.

DoorDash Trading Down 1.9 %

Shares of NASDAQ DASH traded down $3.77 during trading hours on Monday, reaching $196.17. The stock had a trading volume of 1,202,611 shares, compared to its average volume of 3,367,453. The firm has a market cap of $82.41 billion, a price-to-earnings ratio of 726.55 and a beta of 1.72. DoorDash has a fifty-two week low of $99.32 and a fifty-two week high of $215.24. The firm has a 50-day moving average of $182.56 and a 200-day moving average of $161.31.

Insider Buying and Selling

In other DoorDash news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $168.32, for a total transaction of $8,416,000.00. Following the transaction, the director now directly owns 16,176 shares of the company’s stock, valued at $2,722,744.32. The trade was a 75.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the sale, the chief financial officer now owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 812,035 shares of company stock valued at $142,357,630. 7.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DoorDash

Several hedge funds and other institutional investors have recently bought and sold shares of DASH. Challenger Wealth Management purchased a new stake in DoorDash during the 4th quarter worth $252,000. American Trust purchased a new position in DoorDash in the fourth quarter valued at about $201,000. Mackenzie Financial Corp grew its stake in DoorDash by 751.2% during the 4th quarter. Mackenzie Financial Corp now owns 159,461 shares of the company’s stock valued at $26,750,000 after purchasing an additional 140,728 shares in the last quarter. Cache Advisors LLC acquired a new position in shares of DoorDash in the 4th quarter valued at approximately $1,947,000. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of DoorDash during the fourth quarter worth approximately $12,367,000. 90.64% of the stock is owned by institutional investors and hedge funds.

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.