DoorDash (NASDAQ:DASH) Stock Price Expected to Rise, UBS Group Analyst Says

DoorDash (NASDAQ:DASH) had its price target lifted by UBS Group from $200.00 to $204.00 in a report published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research analysts have also issued reports on DASH. Evercore ISI boosted their target price on DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday. Wolfe Research upped their price objective on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Mizuho lifted their target price on DoorDash from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays raised their price target on shares of DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company upped their target price on shares of DoorDash from $166.00 to $198.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $202.67.

DoorDash Trading Up 4.0 %

DASH stock opened at $200.89 on Wednesday. DoorDash has a twelve month low of $99.32 and a twelve month high of $201.17. The firm’s fifty day simple moving average is $178.00 and its two-hundred day simple moving average is $156.37.

Insider Activity

In other news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $172.67, for a total value of $8,633,500.00. Following the transaction, the director now owns 18,089 shares in the company, valued at $3,123,427.63. This trade represents a 73.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $170.25, for a total value of $18,443,523.00. Following the completion of the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $255,375. This represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,040,758 shares of company stock worth $181,434,201 over the last 90 days. 7.92% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in DoorDash by 7.2% during the second quarter. Cetera Investment Advisers now owns 11,747 shares of the company’s stock worth $1,278,000 after acquiring an additional 788 shares during the last quarter. CWM LLC increased its holdings in shares of DoorDash by 97.1% in the third quarter. CWM LLC now owns 10,705 shares of the company’s stock valued at $1,528,000 after purchasing an additional 5,273 shares during the last quarter. Creative Planning lifted its position in DoorDash by 58.3% during the third quarter. Creative Planning now owns 109,972 shares of the company’s stock worth $15,696,000 after buying an additional 40,489 shares in the last quarter. Swedbank AB boosted its stake in DoorDash by 1.0% during the third quarter. Swedbank AB now owns 165,516 shares of the company’s stock worth $23,624,000 after buying an additional 1,588 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in DoorDash by 65.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 11,645 shares of the company’s stock valued at $1,662,000 after buying an additional 4,607 shares in the last quarter. Hedge funds and other institutional investors 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.