Truist Financial Lowers DoorDash (NASDAQ:DASH) Price Target to $145.00

DoorDash (NASDAQ:DASH) had its price target decreased by Truist Financial from $155.00 to $145.00 in a research note issued to investors on Thursday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other analysts have also recently commented on the company. Susquehanna upped their price target on DoorDash from $110.00 to $135.00 and gave the stock a positive rating in a research note on Tuesday, February 20th. Oppenheimer increased their target price on DoorDash from $140.00 to $150.00 and gave the stock an outperform rating in a research note on Monday, April 29th. Wedbush reiterated a neutral rating and issued a $115.00 price target on shares of DoorDash in a research note on Thursday. The Goldman Sachs Group lifted their target price on shares of DoorDash from $109.00 to $122.00 and gave the stock a neutral rating in a report on Friday, February 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of DoorDash from $140.00 to $155.00 and gave the company a buy rating in a report on Tuesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $129.96.

DoorDash Trading Down 0.4 %

DASH opened at $113.81 on Thursday. The stock has a fifty day simple moving average of $131.86 and a two-hundred day simple moving average of $110.63. DoorDash has a 12-month low of $60.36 and a 12-month high of $143.34.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. DoorDash’s revenue was up 23.5% on a year-over-year basis. During the same period last year, the company posted ($0.41) EPS. Research analysts forecast that DoorDash will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at DoorDash

In related news, CEO Tony Xu sold 132,300 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $131.96, for a total value of $17,458,308.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total value of $76,797.00. Following the transaction, the director now directly owns 71,514 shares of the company’s stock, valued at approximately $7,845,800.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction that occurred 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. Over the last quarter, insiders sold 487,782 shares of company stock valued at $64,046,807. Company insiders own 9.59% of the company’s stock.

Hedge Funds Weigh In On DoorDash

A number of hedge funds and other institutional investors have recently modified their holdings of DASH. Spire Wealth Management purchased a new stake in DoorDash in the 1st quarter worth $25,000. Venturi Wealth Management LLC boosted its stake in DoorDash by 54.5% during the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock valued at $35,000 after buying an additional 90 shares during the last quarter. Hollencrest Capital Management bought a new stake in DoorDash in the 1st quarter worth approximately $42,000. Parkside Financial Bank & Trust raised its holdings in shares of 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 acquiring an additional 307 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in DoorDash by 448.8% during the third quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after purchasing an additional 359 shares in the last quarter. 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.