DoorDash, Inc. (NASDAQ:DASH) Receives $208.88 Consensus Target Price from Analysts

Shares of DoorDash, Inc. (NASDAQ:DASH) have been assigned an average rating of “Moderate Buy” from the thirty-three research firms that are currently covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $209.66.

A number of research analysts recently commented on DASH shares. Mizuho upped their price objective on DoorDash from $200.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Morgan Stanley decreased their price objective on DoorDash from $245.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. UBS Group upped their price objective on DoorDash from $200.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Piper Sandler reiterated a “neutral” rating and issued a $210.00 price objective (up from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Finally, Wedbush upped their price objective on DoorDash from $160.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th.

Insider Activity

In other news, Director Andy Fang sold 1,398 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $284,423.10. Following the sale, the director now owns 14,778 shares of the company’s stock, valued at approximately $3,006,584.10. This trade represents a 8.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Keith Yandell sold 8,116 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total value of $1,651,200.20. Following the sale, the insider now owns 105,162 shares of the company’s stock, valued at approximately $21,395,208.90. The trade was a 7.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,511 shares of company stock worth $30,394,673. Corporate insiders own 7.92% of the company’s stock.

Institutional Investors Weigh In On DoorDash

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in DoorDash by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 31,323,404 shares of the company’s stock worth $5,254,501,000 after purchasing an additional 317,502 shares during the last quarter. Capital World Investors lifted its stake in DoorDash by 26.4% during the fourth quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock worth $2,038,712,000 after purchasing an additional 2,538,160 shares during the last quarter. Franklin Resources Inc. lifted its stake in DoorDash by 25.0% during the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock worth $796,781,000 after purchasing an additional 949,414 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in DoorDash by 67.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock worth $780,858,000 after purchasing an additional 1,869,866 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in DoorDash by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 4,558,821 shares of the company’s stock valued at $763,198,000 after buying an additional 86,667 shares during the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

DoorDash Price Performance

DASH stock opened at $192.89 on Monday. DoorDash has a 1 year low of $99.32 and a 1 year high of $215.25. The firm has a market capitalization of $81.03 billion, a PE ratio of 714.41 and a beta of 1.69. The business has a 50 day simple moving average of $185.22 and a 200-day simple moving average of $178.68.

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.