DoorDash, Inc. (NASDAQ:DASH) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of DoorDash, Inc. (NASDAQ:DASH) have been assigned an average rating of “Moderate Buy” from the thirty-six ratings firms that are presently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold recommendation, twenty-five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $277.3824.

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price target on DoorDash from $315.00 to $279.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Guggenheim reaffirmed a “buy” rating and issued a $280.00 price objective on shares of DoorDash in a research note on Wednesday, November 19th. Truist Financial increased their target price on shares of DoorDash from $326.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Stifel Nicolaus decreased their price target on shares of DoorDash from $255.00 to $253.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $280.00 price target on shares of DoorDash in a report on Thursday, November 6th.

DoorDash Trading Down 3.0%

Shares of NASDAQ:DASH opened at $219.79 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $221.16 and its 200 day moving average price is $241.20. The company has a market cap of $94.73 billion, a PE ratio of 111.57 and a beta of 1.70. DoorDash has a fifty-two week low of $155.40 and a fifty-two week high of $285.50.

DoorDash (NASDAQ:DASH) last announced its quarterly 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 firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the business posted $0.38 EPS. DoorDash’s revenue for the quarter was up 27.3% compared to the same quarter last year. Sell-side analysts anticipate that DoorDash will post 2.22 earnings per share for the current year.

Insider Activity at DoorDash

In other news, Director Stanley Tang sold 45,410 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $205.07, for a total transaction of $9,312,228.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tony Xu sold 16,667 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $230.00, for a total value of $3,833,410.00. Following the completion of the transaction, the chief executive officer owned 1,500 shares of the company’s stock, valued at $345,000. This trade represents a 91.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 552,009 shares of company stock valued at $116,796,284 over the last ninety days. Company insiders own 5.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of DoorDash by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 42,712,908 shares of the company’s stock valued at $11,617,484,000 after acquiring an additional 1,522,823 shares in the last quarter. State Street Corp raised its stake in DoorDash by 6.3% during the 3rd quarter. State Street Corp now owns 15,296,624 shares of the company’s stock valued at $4,160,529,000 after purchasing an additional 909,125 shares during the period. Capital World Investors lifted its holdings in shares of DoorDash by 0.9% in the third quarter. Capital World Investors now owns 10,865,927 shares of the company’s stock valued at $2,955,424,000 after purchasing an additional 95,278 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of DoorDash by 2.9% in the second quarter. Geode Capital Management LLC now owns 7,951,230 shares of the company’s stock valued at $1,950,711,000 after purchasing an additional 223,188 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of DoorDash by 18.2% in the third quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock worth $1,728,667,000 after buying an additional 980,148 shares during the period. 90.64% of the stock is owned by hedge funds and other institutional investors.

About DoorDash

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.