Deutsche Bank Aktiengesellschaft Boosts DoorDash (NASDAQ:DASH) Price Target to $155.00

DoorDash (NASDAQ:DASH) had its target price lifted by Deutsche Bank Aktiengesellschaft from $140.00 to $155.00 in a research note published on Tuesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other research analysts have also recently commented on the stock. Roth Mkm raised their target price on shares of DoorDash from $92.00 to $109.00 and gave the stock a neutral rating in a report on Friday, January 19th. The Goldman Sachs Group raised their target price on shares of DoorDash from $109.00 to $122.00 and gave the stock a neutral rating in a report on Friday, February 16th. Piper Sandler raised shares of DoorDash from an underweight rating to a neutral rating and lifted their price objective for the company from $53.00 to $127.00 in a research note on Friday, March 15th. BMO Capital Markets lifted their price objective on shares of DoorDash from $120.00 to $138.00 and gave the company an outperform rating in a research note on Friday, February 16th. Finally, Needham & Company LLC reissued a buy rating and issued a $133.00 price objective on shares of DoorDash in a research note on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $128.88.

DoorDash Trading Down 0.6 %

Shares of DASH opened at $130.10 on Tuesday. DoorDash has a 12 month low of $56.59 and a 12 month high of $143.34. The firm’s 50 day moving average is $130.22 and its 200-day moving average is $106.42. The stock has a market capitalization of $52.56 billion, a PE ratio of -90.98, a P/E/G ratio of 15.69 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last announced its earnings results on Thursday, February 15th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the prior year, the business posted ($0.63) earnings per share. The firm’s revenue for the quarter was up 26.7% compared to the same quarter last year. Equities research analysts predict that DoorDash will post 0.2 earnings per share for the current fiscal year.

Insider Activity at DoorDash

In other DoorDash news, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $141.60, for a total value of $99,120.00. Following the completion of the sale, the director now directly owns 70,111 shares of the company’s stock, valued at $9,927,717.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other DoorDash news, CFO Ravi Inukonda sold 5,000 shares of DoorDash stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $109.73, for a total value of $548,650.00. Following the completion of the sale, the chief financial officer now directly owns 414,738 shares of the company’s stock, valued at $45,509,200.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $141.60, for a total transaction of $99,120.00. Following the completion of the sale, the director now directly owns 70,111 shares of the company’s stock, valued at $9,927,717.60. The disclosure for this sale can be found here. Insiders have sold a total of 497,282 shares of company stock worth $64,885,042 over the last quarter. Company insiders own 9.59% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Several hedge funds and other institutional investors have recently made changes to their positions in DASH. Norges Bank bought a new stake in shares of DoorDash during the fourth quarter worth about $132,721,000. Vanguard Group Inc. increased its position in shares of DoorDash by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock worth $2,897,823,000 after acquiring an additional 2,259,976 shares in the last quarter. Amundi increased its position in shares of DoorDash by 1,801.6% during the fourth quarter. Amundi now owns 1,797,416 shares of the company’s stock worth $93,106,000 after acquiring an additional 1,702,894 shares in the last quarter. State Street Corp increased its position in shares of DoorDash by 49.4% during the second quarter. State Street Corp now owns 4,358,288 shares of the company’s stock worth $279,671,000 after acquiring an additional 1,441,028 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of DoorDash by 5.0% during the fourth quarter. Morgan Stanley now owns 29,086,197 shares of the company’s stock worth $1,419,988,000 after acquiring an additional 1,384,006 shares in the last quarter. 90.64% of the stock is owned by institutional investors.

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.