DoorDash (NASDAQ:DASH) Given New $253.00 Price Target at Stifel Nicolaus

DoorDash (NASDAQ:DASH) had its target price cut by Stifel Nicolaus from $255.00 to $253.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a hold rating on the stock.

DASH has been the topic of several other reports. The Goldman Sachs Group started coverage on DoorDash in a report on Monday, October 27th. They set a “buy” rating and a $315.00 target price on the stock. Wedbush cut their target price on shares of DoorDash from $280.00 to $260.00 and set a “neutral” rating for the company in a research note on Thursday. Cantor Fitzgerald reissued an “overweight” rating and issued a $330.00 price objective on shares of DoorDash in a research note on Wednesday, September 17th. Susquehanna raised their target price on shares of DoorDash from $235.00 to $300.00 and gave the stock a “positive” rating in a research note on Monday, August 11th. Finally, Loop Capital reissued a “buy” rating on shares of DoorDash in a research report on Tuesday, July 15th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $280.62.

DoorDash Stock Performance

Shares of NASDAQ:DASH traded up $7.85 on Thursday, hitting $204.31. 9,522,053 shares of the company were exchanged, compared to its average volume of 4,258,160. The stock’s 50 day moving average price is $259.57 and its 200 day moving average price is $237.02. DoorDash has a 1-year low of $155.40 and a 1-year high of $285.50. The company has a current ratio of 2.04, a quick ratio of 2.07 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $87.28 billion, a P/E ratio of 99.73 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was up 27.3% compared to the same quarter last year. Sell-side analysts predict that DoorDash will post 2.22 EPS for the current year.

Insiders Place Their Bets

In other news, COO Prabir Adarkar sold 41,881 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $245.82, for a total value of $10,295,187.42. Following the completion of the sale, the chief operating officer directly owned 914,547 shares of the company’s stock, valued at approximately $224,813,943.54. This represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 291,403 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $238.19, for a total transaction of $69,409,280.57. Following the sale, the chief executive officer owned 229,047 shares of the company’s stock, valued at approximately $54,556,704.93. This represents a 55.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 876,527 shares of company stock valued at $218,129,954. 5.83% of the stock is currently owned by insiders.

Institutional Trading of DoorDash

A number of institutional investors have recently modified their holdings of the business. Saudi Central Bank acquired a new stake in DoorDash in the first quarter valued at $25,000. WPG Advisers LLC purchased a new position in DoorDash during the first quarter worth approximately $26,000. Physician Wealth Advisors Inc. grew its holdings in shares of DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the period. Pacific Center for Financial Services purchased a new position in shares of DoorDash in the 1st quarter valued at $27,000. Finally, GFG Capital LLC purchased a new stake in shares of DoorDash in the second quarter worth about $30,000. 90.64% of the stock is currently owned by hedge funds and other 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.