DoorDash (NASDAQ:DASH) Price Target Increased to $150.00 by Analysts at Oppenheimer

DoorDash (NASDAQ:DASH) had its price objective hoisted by Oppenheimer from $140.00 to $150.00 in a report issued on Monday, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the stock. UBS Group reduced their target price on shares of DoorDash from $123.00 to $118.00 and set a neutral rating for the company in a research note on Friday, February 16th. Piper Sandler upgraded shares of DoorDash from an underweight rating to a neutral rating and lifted their target price for the company from $53.00 to $127.00 in a research note on Friday, March 15th. BMO Capital Markets lifted their price target on shares of DoorDash from $120.00 to $138.00 and gave the company an outperform rating in a research report on Friday, February 16th. Roth Mkm lifted their price target on shares of DoorDash from $92.00 to $109.00 and gave the company a neutral rating in a research report on Friday, January 19th. Finally, The Goldman Sachs Group lifted their price target on shares of DoorDash from $109.00 to $122.00 and gave the company a neutral rating in a research report on Friday, February 16th. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, DoorDash presently has an average rating of Moderate Buy and an average price target of $130.92.

DoorDash Stock Performance

DASH stock opened at $132.12 on Monday. The stock has a market cap of $53.38 billion, a P/E ratio of -92.39, a P/E/G ratio of 14.70 and a beta of 1.79. The firm has a 50 day simple moving average of $131.63 and a 200 day simple moving average of $109.34. DoorDash has a 52 week low of $60.36 and a 52 week high of $143.34.

DoorDash (NASDAQ:DASH) last posted its earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.24). The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. DoorDash’s revenue was up 26.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.63) earnings per share. Sell-side analysts predict that DoorDash will post 0.21 EPS for the current year.

Insiders Place Their Bets

In other DoorDash news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total transaction of $17,458,308.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Keith Yandell sold 3,500 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $104.89, for a total value of $367,115.00. Following the sale, the insider now owns 179,350 shares in the company, valued at approximately $18,812,021.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony Xu sold 132,300 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total transaction of $17,458,308.00. The disclosure for this sale can be found here. Insiders have sold 492,282 shares of company stock worth $64,336,392 over the last 90 days. Corporate insiders own 9.59% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Several institutional investors and hedge funds have recently made changes to their positions in DASH. Spire Wealth Management acquired a new position in DoorDash during the 1st quarter worth about $25,000. Fifth Third Bancorp lifted its position in DoorDash by 448.8% during the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock worth $35,000 after buying an additional 359 shares in the last quarter. Venturi Wealth Management LLC lifted its position in DoorDash by 54.5% during the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after buying an additional 90 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in DoorDash by 361.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock worth $39,000 after buying an additional 307 shares in the last quarter. Finally, Covestor Ltd lifted its position in DoorDash by 101.2% during the 3rd quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after buying an additional 253 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.