DoorDash (NASDAQ:DASH) Given New $155.00 Price Target at Deutsche Bank Aktiengesellschaft

DoorDash (NASDAQ:DASH) had its price target raised by Deutsche Bank Aktiengesellschaft from $140.00 to $155.00 in a research note published on Tuesday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

DASH has been the subject of several other research reports. Piper Sandler upgraded DoorDash from an underweight rating to a neutral rating and raised their target price for the stock from $53.00 to $127.00 in a research note on Friday, March 15th. Morgan Stanley upgraded DoorDash from an equal weight rating to an overweight rating and raised their target price for the stock from $135.00 to $145.00 in a research note on Thursday, February 22nd. Needham & Company LLC restated a buy rating and issued a $133.00 target price on shares of DoorDash in a research note on Tuesday, February 6th. Royal Bank of Canada upgraded DoorDash from a sector perform rating to an outperform rating and raised their target price for the stock from $130.00 to $175.00 in a research note on Monday, March 4th. Finally, The Goldman Sachs Group raised their target price on DoorDash from $109.00 to $122.00 and gave the stock a neutral rating in a research note on Friday, February 16th. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $128.88.

DoorDash Stock Performance

Shares of DASH opened at $133.84 on Tuesday. The business has a 50-day moving average of $129.65 and a 200 day moving average of $106.08. DoorDash has a fifty-two week low of $56.59 and a fifty-two week high of $143.34. The firm has a market cap of $54.07 billion, a P/E ratio of -93.59, a price-to-earnings-growth ratio of 16.22 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same period last year, the business posted ($0.63) EPS. The company’s revenue was up 26.7% compared to the same quarter last year. As a group, research analysts predict that DoorDash will post 0.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other DoorDash news, CFO Ravi Inukonda sold 5,000 shares of DoorDash stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $109.73, for a total value of $548,650.00. Following the transaction, the chief financial officer now directly owns 414,738 shares of the company’s stock, valued at approximately $45,509,200.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $141.60, for a total transaction of $99,120.00. Following the transaction, the director now directly owns 70,111 shares of the company’s stock, valued at $9,927,717.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ravi Inukonda sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $109.73, for a total value of $548,650.00. Following the transaction, the chief financial officer now directly owns 414,738 shares in the company, valued at $45,509,200.74. The disclosure for this sale can be found here. Insiders have sold 364,982 shares of company stock valued at $47,221,669 in the last ninety days. Company insiders own 9.59% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Several hedge funds have recently made changes to their positions in DASH. Norges Bank purchased a new position in shares of DoorDash during the fourth quarter valued at approximately $132,721,000. Vanguard Group Inc. grew its stake in DoorDash by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock worth $2,897,823,000 after purchasing an additional 2,259,976 shares during the period. Amundi grew its stake in DoorDash by 1,801.6% in the fourth quarter. Amundi now owns 1,797,416 shares of the company’s stock worth $93,106,000 after purchasing an additional 1,702,894 shares during the period. State Street Corp grew its stake in DoorDash by 49.4% in the second quarter. State Street Corp now owns 4,358,288 shares of the company’s stock worth $279,671,000 after purchasing an additional 1,441,028 shares during the period. Finally, Morgan Stanley grew its stake in DoorDash by 5.0% in the fourth quarter. Morgan Stanley now owns 29,086,197 shares of the company’s stock worth $1,419,988,000 after purchasing an additional 1,384,006 shares during the period. 90.64% of the stock is owned by hedge funds and other 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.