Cantor Fitzgerald Lowers DoorDash (NASDAQ:DASH) Price Target to $210.00

DoorDash (NASDAQ:DASH) had its target price lowered by research analysts at Cantor Fitzgerald from $230.00 to $210.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 17.07% from the company’s previous close.

Several other equities analysts have also recently weighed in on DASH. UBS Group lifted their price objective on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Mizuho boosted their price target on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group upped their price objective on shares of DoorDash from $192.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Bank of America dropped their target price on shares of DoorDash from $245.00 to $235.00 and set a “buy” rating for the company in a research report on Monday, April 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of DoorDash in a report on Saturday, March 8th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, DoorDash presently has an average rating of “Moderate Buy” and a consensus target price of $206.94.

DoorDash Trading Down 1.2 %

Shares of NASDAQ:DASH traded down $2.17 on Wednesday, reaching $179.38. 1,934,341 shares of the company’s stock were exchanged, compared to its average volume of 4,232,992. DoorDash has a twelve month low of $99.32 and a twelve month high of $215.25. The company has a fifty day moving average of $189.69 and a 200-day moving average of $175.88. The company has a market capitalization of $75.36 billion, a price-to-earnings ratio of 664.37 and a beta of 1.69.

Insider Buying and Selling

In other news, COO Prabir Adarkar sold 20,000 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the transaction, the chief operating officer now owns 925,222 shares of the company’s stock, valued at $167,307,894.26. This represents a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the sale, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,511 shares of company stock valued at $30,308,544 over the last ninety days. 7.92% of the stock is owned by corporate insiders.

Institutional Trading of DoorDash

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of DoorDash by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock valued at $5,254,501,000 after buying an additional 317,502 shares during the last quarter. Capital World Investors raised its stake in shares of DoorDash by 26.4% in the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock worth $2,038,712,000 after purchasing an additional 2,538,160 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of DoorDash by 25.0% in the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock valued at $796,781,000 after purchasing an additional 949,414 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in DoorDash by 67.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock valued at $780,858,000 after buying an additional 1,869,866 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in DoorDash by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company’s stock valued at $763,198,000 after acquiring an additional 86,667 shares in the last quarter. Institutional investors and hedge funds 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.