DoorDash (NASDAQ:DASH) Now Covered by Analysts at BNP Paribas Exane

Research analysts at BNP Paribas Exane initiated coverage on shares of DoorDash (NASDAQ:DASH) in a research report issued to clients and investors on Wednesday. The brokerage set an “outperform” rating and a $280.00 price target on the stock. BNP Paribas Exane’s price objective suggests a potential upside of 32.68% from the company’s current price.

A number of other analysts have also recently commented on DASH. Wall Street Zen cut DoorDash from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Argus reduced their price objective on shares of DoorDash from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, December 12th. Bank of America cut their target price on shares of DoorDash from $325.00 to $305.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Truist Financial boosted their target price on shares of DoorDash from $326.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, BTIG Research reiterated a “buy” rating and issued a $315.00 price target on shares of DoorDash in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $278.05.

DoorDash Trading Down 2.9%

NASDAQ DASH opened at $211.03 on Wednesday. DoorDash has a 12 month low of $155.40 and a 12 month high of $285.50. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average price is $216.71 and its 200-day moving average price is $241.05. The stock has a market cap of $90.95 billion, a P/E ratio of 108.39 and a beta of 1.70.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.35 billion. DoorDash had a return on equity of 9.97% and a net margin of 6.83%.The business’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 EPS. As a group, equities analysts forecast that DoorDash will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling at DoorDash

In other DoorDash news, Director Alfred Lin bought 389,047 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were purchased at an average price of $193.81 per share, with a total value of $75,401,199.07. Following the completion of the purchase, the director owned 389,047 shares in the company, valued at $75,401,199.07. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $205.07, for a total value of $9,312,228.70. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 618,293 shares of company stock valued at $130,311,170. 5.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On DoorDash

Several institutional investors have recently added to or reduced their stakes in DASH. Physician Wealth Advisors Inc. raised its stake in shares of DoorDash by 284.0% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after buying an additional 71 shares during the period. GFG Capital LLC purchased a new stake in shares of DoorDash during the second quarter worth about $30,000. Sunbelt Securities Inc. raised its position in shares of DoorDash by 124.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 121 shares of the company’s stock worth $33,000 after purchasing an additional 67 shares during the last quarter. Morse Asset Management Inc acquired a new stake in DoorDash in the 3rd quarter worth about $36,000. Finally, Sound Income Strategies LLC raised its holdings in shares of DoorDash by 2,760.0% during the third quarter. Sound Income Strategies LLC now owns 143 shares of the company’s stock valued at $39,000 after acquiring an additional 138 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

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.