Mizuho Has Lowered Expectations for DoorDash (NASDAQ:DASH) Stock Price

DoorDash (NASDAQ:DASH) had its price target decreased by Mizuho from $320.00 to $255.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s target price would suggest a potential upside of 43.46% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Wedbush boosted their price target on DoorDash from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Needham & Company LLC lowered their target price on shares of DoorDash from $275.00 to $265.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Stifel Nicolaus dropped their price target on shares of DoorDash from $253.00 to $224.00 and set a “hold” rating on the stock in a report on Tuesday, January 27th. BMO Capital Markets reissued an “outperform” rating on shares of DoorDash in a report on Friday, December 12th. Finally, Bank of America raised their target price on shares of DoorDash from $260.00 to $272.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $262.82.

DoorDash Stock Up 1.3%

Shares of DoorDash stock opened at $177.75 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $77.22 billion, a PE ratio of 83.84 and a beta of 1.82. DoorDash has a 52-week low of $155.40 and a 52-week high of $285.50. The company has a 50-day simple moving average of $198.62 and a two-hundred day simple moving average of $226.42.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.10). DoorDash had a net margin of 6.82% and a return on equity of 10.15%. The firm had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter in the previous year, the company earned $0.33 EPS. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. On average, analysts anticipate that DoorDash will post 2.22 EPS for the current fiscal year.

Insider Activity

In other DoorDash news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $222.53, for a total transaction of $10,105,087.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $231.97, for a total transaction of $330,557.25. Following the completion of the transaction, the chief financial officer owned 184,037 shares of the company’s stock, valued at approximately $42,691,062.89. The trade was a 0.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 220,826 shares of company stock worth $48,944,946. 5.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On DoorDash

Several hedge funds have recently modified their holdings of DASH. Brighton Jones LLC increased its holdings in DoorDash by 24.0% in the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock valued at $1,566,000 after acquiring an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of DoorDash by 21.5% during the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock valued at $314,000 after purchasing an additional 303 shares in the last quarter. Empowered Funds LLC grew its position in shares of DoorDash by 3.6% during the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock valued at $1,486,000 after purchasing an additional 285 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of DoorDash by 92.9% in the second quarter. Sivia Capital Partners LLC now owns 4,255 shares of the company’s stock worth $1,049,000 after purchasing an additional 2,049 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of DoorDash in the second quarter worth about $916,000. Hedge funds and other institutional investors own 90.64% of the company’s stock.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Joe Fresh has launched on-demand delivery through DoorDash, which broadens DoorDash’s retail/vertical reach and adds another recurring merchant partner that can drive order growth. Joe Fresh Launches On-Demand Delivery Through DoorDash
• Positive Sentiment: Coverage of DoorDash coupon/promotional programs (free delivery, percent-off first-order offers) highlights continued marketing levers the company is using to attract and retain customers — a positive for near-term order volume and GMV. DoorDash Coupons: Get Free Delivery And 15% Off Your First Order
• Neutral Sentiment: Local New Jersey police completed a DoorDash delivery after arresting the driver; coverage is mostly a human-interest/PR item and unlikely to have material operational impact beyond short-term headlines. N.J. police complete DoorDash delivery after arresting driver
• Neutral Sentiment: A 247WallSt summary of Goldman Sachs’ tech/media/telecom picks ran today; the broader industry coverage can help investor sentiment for growth names, but the piece doesn’t materially change DoorDash fundamentals by itself. Goldman Sachs Top Tech, Media and Telecom Picks Have 40% to 100% Upside Potential
• Neutral Sentiment: Reported short-interest figures in the feed are inconsistent/zeroed out (likely a data glitch) and do not signal any clear short-selling pressure at this time.
• Negative Sentiment: Mizuho trimmed its price target on DASH from $320 to $255 while keeping an “outperform” rating; a lower target can weigh on near-term sentiment even though the rating remains constructive. Mizuho cuts DoorDash price target
• Negative Sentiment: Incidents tied to drivers/streaming — a Twitch streamer allegedly ate customers’ food on a live delivery and DoorDash had to respond — create reputational risk and highlight ongoing driver-control/brand-safety challenges. DoorDash responds after Twitch streamer Lacy pretends to get fired after livestreaming deliveries

DoorDash Company Profile

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.