DoorDash (NASDAQ:DASH) Given New $225.00 Price Target at Jefferies Financial Group

DoorDash (NASDAQ:DASH) had its price target raised by Jefferies Financial Group from $220.00 to $225.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 18.69% from the stock’s current price.

Several other equities research analysts have also issued reports on DASH. BTIG Research lowered their price target on shares of DoorDash from $280.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, June 12th. KeyCorp decreased their price objective on DoorDash from $280.00 to $275.00 and set an “overweight” rating for the company in a report on Tuesday. Argus set a $190.00 target price on DoorDash in a research report on Thursday, June 11th. Weiss Ratings upgraded DoorDash from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Susquehanna reduced their price target on DoorDash from $250.00 to $225.00 and set a “positive” rating for the company in a research report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $254.69.

DoorDash Trading Down 1.2%

NASDAQ:DASH opened at $189.57 on Tuesday. The company has a market cap of $82.60 billion, a P/E ratio of 90.27 and a beta of 1.78. DoorDash has a twelve month low of $143.30 and a twelve month high of $285.50. The business has a 50 day moving average price of $168.18 and a two-hundred day moving average price of $178.57. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. As a group, analysts expect that DoorDash will post 2.41 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In other DoorDash news, COO Prabir Adarkar sold 21,739 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.25, for a total value of $3,374,979.75. Following the completion of the transaction, the chief operating officer owned 959,076 shares of the company’s stock, valued at $148,896,549. This represents a 2.22% decrease in their position. The sale was disclosed in a document filed 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 Andy Fang sold 5,000 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $180.00, for a total value of $900,000.00. 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 a total of 84,927 shares of company stock worth $15,124,932 over the last three months. 5.83% of the stock is owned by corporate insiders.

Institutional Trading of DoorDash

Large investors have recently made changes to their positions in the company. Intech Investment Management LLC increased its stake in DoorDash by 707.8% during the 4th quarter. Intech Investment Management LLC now owns 253,348 shares of the company’s stock valued at $57,378,000 after purchasing an additional 221,985 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of DoorDash during the fourth quarter valued at about $41,712,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of DoorDash by 9.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 156,960 shares of the company’s stock valued at $35,548,000 after buying an additional 13,121 shares during the last quarter. Allstate Corp increased its position in shares of DoorDash by 116.7% during the fourth quarter. Allstate Corp now owns 29,227 shares of the company’s stock worth $6,619,000 after acquiring an additional 15,741 shares in the last quarter. Finally, Brighton Jones LLC increased its position in shares of DoorDash by 24.0% during the fourth quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after acquiring an additional 1,807 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.