Jefferies Financial Group Boosts DoorDash (NASDAQ:DASH) Price Target to $180.00

DoorDash (NASDAQ:DASH) had its price objective lifted by Jefferies Financial Group from $155.00 to $180.00 in a report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently commented on DASH. Truist Financial upped their target price on shares of DoorDash from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Raymond James assumed coverage on DoorDash in a report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 price objective on the stock. Barclays upped their target price on DoorDash from $113.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Wedbush restated a “neutral” rating and set a $115.00 price target on shares of DoorDash in a research note on Friday, August 2nd. Finally, Piper Sandler restated a “neutral” rating and issued a $125.00 price objective (up from $115.00) on shares of DoorDash in a report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

DoorDash Stock Up 1.5 %

DASH opened at $153.19 on Tuesday. DoorDash has a 52 week low of $69.90 and a 52 week high of $154.16. The firm has a 50-day simple moving average of $136.81 and a two-hundred day simple moving average of $123.27. The company has a market capitalization of $62.64 billion, a PE ratio of -139.24, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.54 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.44) earnings per share. As a group, sell-side analysts expect that DoorDash will post 0.01 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Prabir Adarkar sold 32,124 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the sale, the chief operating officer now directly owns 963,094 shares of the company’s stock, valued at $142,528,281.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $123.43, for a total value of $6,685,709.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Prabir Adarkar sold 32,124 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $147.99, for a total value of $4,754,030.76. Following the completion of the sale, the chief operating officer now owns 963,094 shares in the company, valued at approximately $142,528,281.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 390,710 shares of company stock valued at $54,472,120. Insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Several institutional investors and hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC raised its holdings in shares of DoorDash by 11,416.7% during the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after purchasing an additional 3,425,115 shares during the last quarter. Dragoneer Investment Group LLC raised its stake in shares of DoorDash by 77.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after buying an additional 1,246,567 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of DoorDash by 595.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 891,879 shares of the company’s stock valued at $122,830,000 after buying an additional 763,579 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of DoorDash by 216.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock worth $154,486,000 after buying an additional 739,961 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in shares of DoorDash by 3,284.7% in the second quarter. Jupiter Asset Management Ltd. now owns 729,779 shares of the company’s stock worth $79,385,000 after buying an additional 708,218 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

About DoorDash

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.