DoorDash, Inc. (NASDAQ:DASH) Given Consensus Rating of “Moderate Buy” by Analysts

DoorDash, Inc. (NASDAQ:DASH) has received an average rating of “Moderate Buy” from the thirty-seven research firms that are presently covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation, twenty-six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $275.6176.

A number of equities analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of DoorDash in a report on Wednesday, October 8th. Wedbush upgraded shares of DoorDash from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $160.00 to $260.00 in a research report on Thursday, November 13th. Stifel Nicolaus cut their target price on shares of DoorDash from $255.00 to $253.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Citigroup reaffirmed a “market outperform” rating on shares of DoorDash in a research note on Monday, November 24th. Finally, Benchmark raised their target price on DoorDash from $315.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th.

DoorDash Stock Performance

Shares of DoorDash stock opened at $225.43 on Tuesday. The business has a 50-day moving average price of $236.35 and a two-hundred day moving average price of $239.54. DoorDash has a 1-year low of $155.40 and a 1-year high of $285.50. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29. The company has a market cap of $97.16 billion, a P/E ratio of 114.43 and a beta of 1.72.

DoorDash (NASDAQ:DASH) last announced its earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. As a group, analysts anticipate that DoorDash will post 2.22 EPS for the current year.

Insider Transactions at DoorDash

In related news, Director Stanley Tang sold 45,410 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $205.07, for a total value of $9,312,228.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 25,000 shares of DoorDash stock in a transaction on Monday, December 1st. The shares were sold at an average price of $204.95, for a total transaction of $5,123,750.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 679,563 shares of company stock valued at $152,902,593. Company insiders own 5.83% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Saudi Central Bank acquired a new stake in shares of DoorDash in the 1st quarter worth about $25,000. WPG Advisers LLC bought a new stake in DoorDash during the 1st quarter worth approximately $26,000. Physician Wealth Advisors Inc. raised its stake in shares of DoorDash by 284.0% in the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the last quarter. Pacific Center for Financial Services bought a new position in shares of DoorDash in the first quarter valued at approximately $27,000. Finally, GFG Capital LLC bought a new position in shares of DoorDash in the second quarter valued at approximately $30,000. 90.64% of the stock is owned by institutional investors.

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.