Oppenheimer Raises DoorDash (NASDAQ:DASH) Price Target to $150.00

DoorDash (NASDAQ:DASH) had its target price increased by Oppenheimer from $140.00 to $150.00 in a research note released on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft lifted their target price on DoorDash from $140.00 to $155.00 and gave the company a buy rating in a research report on Tuesday, April 16th. UBS Group cut their price target on shares of DoorDash from $123.00 to $118.00 and set a neutral rating for the company in a research note on Friday, February 16th. Jefferies Financial Group upgraded DoorDash from a hold rating to a buy rating and lifted their price target for the stock from $90.00 to $130.00 in a report on Monday, January 8th. Wells Fargo & Company boosted their price target on DoorDash from $100.00 to $125.00 and gave the stock an equal weight rating in a research report on Thursday, April 4th. Finally, Morgan Stanley raised DoorDash from an equal weight rating to an overweight rating and raised their price objective for the company from $135.00 to $145.00 in a research report on Thursday, February 22nd. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $130.92.

DoorDash Stock Down 1.4 %

Shares of DASH stock opened at $127.46 on Monday. DoorDash has a 12-month low of $60.36 and a 12-month high of $143.34. The firm has a fifty day moving average of $131.90 and a 200-day moving average of $109.72. The company has a market capitalization of $51.49 billion, a price-to-earnings ratio of -89.13, a P/E/G ratio of 14.70 and a beta of 1.79.

DoorDash (NASDAQ:DASH) last released its earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter last year, the company posted ($0.63) EPS. DoorDash’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, equities analysts expect that DoorDash will post 0.21 EPS for the current year.

Insider Buying and Selling at DoorDash

In related news, CAO Gordon S. Lee sold 1,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $124.50, for a total value of $124,500.00. Following the transaction, the chief accounting officer now owns 92,207 shares in the company, valued at $11,479,771.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other DoorDash news, CEO Tony Xu sold 132,300 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $131.96, for a total transaction of $17,458,308.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Gordon S. Lee sold 1,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $124.50, for a total value of $124,500.00. Following the completion of the sale, the chief accounting officer now directly owns 92,207 shares in the company, valued at approximately $11,479,771.50. The disclosure for this sale can be found here. Insiders sold 480,782 shares of company stock valued at $63,130,157 in the last three months. Corporate insiders own 9.59% of the company’s stock.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently modified their holdings of the business. Venturi Wealth Management LLC raised its stake in DoorDash by 54.5% during the first quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock worth $35,000 after acquiring an additional 90 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of DoorDash by 26.9% during the 4th quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after purchasing an additional 98 shares during the last quarter. Westside Investment Management Inc. increased its position in DoorDash by 18.2% during the 4th quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock worth $64,000 after purchasing an additional 100 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in DoorDash by 1.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock valued at $647,000 after purchasing an additional 100 shares during the last quarter. Finally, Summit Trail Advisors LLC boosted its position in DoorDash by 0.3% in the first quarter. Summit Trail Advisors LLC now owns 36,925 shares of the company’s stock valued at $5,085,000 after buying an additional 106 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors.

About DoorDash

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.