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

DoorDash, Inc. (NASDAQ:DASH - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirty research firms that are currently covering the firm, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $142.57.

• DoorDash Stock Sprints Higher on EPS Beat and Raised Guidance

Several brokerages have recently commented on DASH. Truist Financial boosted their target price on shares of DoorDash from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. Benchmark restated a "buy" rating and issued a $150.00 price objective on shares of DoorDash in a report on Tuesday, July 30th. Redburn Atlantic started coverage on shares of DoorDash in a research note on Friday, July 26th. They set a "buy" rating and a $170.00 target price for the company. Wolfe Research started coverage on DoorDash in a research note on Tuesday, July 16th. They issued an "outperform" rating and a $130.00 price target on the stock. Finally, Susquehanna increased their price objective on shares of DoorDash from $135.00 to $140.00 and gave the stock a "positive" rating in a research report on Monday, August 5th.

Check Out Our Latest Stock Report on DoorDash

DoorDash Trading Up 0.9 %

• Instacart Stock Gains Momentum with Profits and AI-Powered Carts

Shares of DASH opened at $131.35 on Friday. The stock has a market capitalization of $54.06 billion, a price-to-earnings ratio of -121.62, a PEG ratio of 275.59 and a beta of 1.69. The firm has a fifty day simple moving average of $118.66 and a 200 day simple moving average of $121.29. DoorDash has a 12 month low of $69.90 and a 12 month high of $143.34.

DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.29). DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period last year, the firm earned ($0.44) EPS. DoorDash's quarterly revenue was up 23.3% compared to the same quarter last year. As a group, research analysts predict that DoorDash will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at DoorDash

• Market Crash? No Problem for DoorDash Stock's Impressive Earnings

In related news, CEO Tony Xu sold 54,166 shares of the firm's stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $107.75, for a total transaction of $5,836,386.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other DoorDash news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $105.57, for a total value of $5,278,500.00. Following the completion of the sale, the director now owns 19,982 shares of the company's stock, valued at approximately $2,109,499.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Tony Xu sold 54,166 shares of the company's stock in a transaction on Monday, July 1st. The shares were sold at an average price of $107.75, for a total value of $5,836,386.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 254,769 shares of company stock valued at $28,250,113. 7.92% of the stock is currently owned by company insiders.

Institutional Trading of DoorDash

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in DoorDash by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company's stock worth $2,897,823,000 after acquiring an additional 2,259,976 shares in the last quarter. Baillie Gifford & Co. boosted its stake in DoorDash by 0.8% during the second quarter. Baillie Gifford & Co. now owns 12,497,488 shares of the company's stock worth $1,359,477,000 after buying an additional 94,241 shares during the period. Capital World Investors grew its holdings in DoorDash by 0.8% during the 1st quarter. Capital World Investors now owns 9,470,247 shares of the company's stock valued at $1,304,242,000 after purchasing an additional 74,504 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of DoorDash by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company's stock worth $753,281,000 after buying an additional 242,956 shares during the period. Finally, Janus Henderson Group PLC increased its stake in DoorDash by 11,416.7% in the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company's stock worth $475,837,000 after purchasing an additional 3,425,115 shares during the period. 90.64% of the stock is currently 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.

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