DoorDash, Inc. (NASDAQ:DASH) Given Consensus Rating of “Moderate Buy” by Brokerages

DoorDash, Inc. (NASDAQ:DASH) has been given an average recommendation of “Moderate Buy” by the thirty-six ratings firms that are currently covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation, twenty-five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $259.5833.

Several equities research analysts recently weighed in on DASH shares. Needham & Company LLC reiterated a “buy” rating and set a $265.00 price objective on shares of DoorDash in a research note on Thursday, May 7th. Piper Sandler dropped their price objective on shares of DoorDash from $220.00 to $205.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Evercore set a $300.00 price objective on shares of DoorDash in a research note on Thursday, February 19th. Oppenheimer dropped their price objective on shares of DoorDash from $280.00 to $235.00 and set an “outperform” rating on the stock in a research note on Thursday, February 19th. Finally, TD Cowen initiated coverage on DoorDash in a research report on Monday, April 27th. They issued a “buy” rating and a $225.00 target price on the stock.

Insiders Place Their Bets

In other DoorDash news, COO Prabir Adarkar sold 10,000 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $188.34, for a total value of $1,883,400.00. Following the sale, the chief operating officer directly owned 843,678 shares of the company’s stock, valued at $158,898,314.52. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stanley Tang sold 21,433 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $150.00, for a total value of $3,214,950.00. Following the completion of the sale, the director directly owned 19,279 shares in the company, valued at $2,891,850. This represents a 52.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 42,683 shares of company stock valued at $6,908,813 over the last three months. Company insiders own 5.83% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Hedge funds have recently made changes to their positions in the business. Physician Wealth Advisors Inc. raised its stake in shares of DoorDash by 284.0% during the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares in the last quarter. MV Capital Management Inc. bought a new stake in shares of DoorDash during the fourth quarter valued at about $26,000. Eastern Bank raised its stake in shares of DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock valued at $33,000 after purchasing an additional 67 shares in the last quarter. Finally, Swiss RE Ltd. bought a new stake in shares of DoorDash during the fourth quarter valued at about $28,000. Institutional investors own 90.64% of the company’s stock.

DoorDash Stock Performance

DASH stock opened at $153.70 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27. The firm has a market cap of $66.77 billion, a P/E ratio of 73.19 and a beta of 1.87. DoorDash has a 12-month low of $143.30 and a 12-month high of $285.50. The stock’s 50 day simple moving average is $164.95 and its 200 day simple moving average is $193.39.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The business’s revenue was up 33.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 EPS. As a group, equities research analysts predict that DoorDash will post 2.45 EPS for the current year.

Trending Headlines about DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: DoorDash was upgraded by Zacks Research from “strong sell” to “hold,” which can improve sentiment by signaling less downside risk than before.
• Positive Sentiment: Urban Outfitters launched on DoorDash through a new nationwide partnership, expanding DASH’s on-demand retail offering and reinforcing its push beyond restaurant delivery into broader local commerce. Urban Outfitters and DoorDash Partner to Bring On-Demand Style to Gen Z
• Positive Sentiment: An analyst said DoorDash could pose a disruption risk to payments firms, suggesting the company’s platform may have growing influence across the broader commerce and payments ecosystem.
• Positive Sentiment: Recent coverage highlighted that DoorDash stock is up, likely reflecting investor relief after the company posted strong Q1 growth and continued to show expansion in revenue and usage trends.
• Neutral Sentiment: Several news items about driver safety incidents and a separate report about a DoorDash executive’s cruise have little direct fundamental impact on the company’s operating outlook, though they may add headline risk.
• Negative Sentiment: DoorDash recently trimmed its margin outlook despite strong first-quarter growth, which could temper enthusiasm if investors focus more on profitability than revenue expansion. DoorDash posts strong Q1 growth but trims margin outlook

DoorDash Company Profile

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.