Zacks Research Upgrades DoorDash (NASDAQ:DASH) to “Hold”

DoorDash (NASDAQ:DASH) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other brokerages have also commented on DASH. Roth Mkm reaffirmed a “neutral” rating and issued a $200.00 price target on shares of DoorDash in a research note on Thursday, February 19th. Susquehanna dropped their price target on DoorDash from $250.00 to $225.00 and set a “positive” rating for the company in a research note on Friday, May 8th. Truist Financial dropped their price target on DoorDash from $340.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Stifel Nicolaus dropped their price target on DoorDash from $215.00 to $185.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Finally, Bank of America raised their price objective on DoorDash from $260.00 to $272.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and an average target price of $259.58.

DoorDash Stock Performance

Shares of DASH stock opened at $149.07 on Tuesday. The stock has a fifty day moving average of $165.39 and a 200 day moving average of $194.12. DoorDash has a 52 week low of $143.30 and a 52 week high of $285.50. The firm has a market capitalization of $64.76 billion, a price-to-earnings ratio of 70.99 and a beta of 1.87. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.27.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. DoorDash had a return on equity of 9.58% and a net margin of 6.29%.The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The firm’s revenue was up 33.1% on a year-over-year basis. As a group, research analysts expect that DoorDash will post 2.45 earnings per share for the current year.

Insider Buying and Selling at DoorDash

In other news, COO Prabir Adarkar sold 10,000 shares of DoorDash stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $188.34, for a total value of $1,883,400.00. Following the completion of the transaction, the chief operating officer owned 843,678 shares of the company’s stock, valued at $158,898,314.52. The trade was a 1.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shona L. Brown sold 1,250 shares of DoorDash stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $176.61, for a total value of $220,762.50. Following the completion of the transaction, the director directly owned 31,002 shares of the company’s stock, valued at approximately $5,475,263.22. This represents a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 42,683 shares of company stock valued at $6,908,813. 5.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DoorDash

Large investors have recently modified their holdings of the stock. Physician Wealth Advisors Inc. raised its position in shares of DoorDash by 284.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the last quarter. MV Capital Management Inc. purchased a new position in shares of DoorDash in the 4th quarter worth about $26,000. Eastern Bank raised its position in shares of DoorDash by 714.3% in the 4th quarter. Eastern Bank now owns 114 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of DoorDash by 124.1% in 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. Finally, Swiss RE Ltd. purchased a new position in shares of DoorDash in the 4th quarter worth about $28,000. 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: DoorDash announced a new nationwide partnership with Urban Outfitters to expand into on-demand retail, a sign that the platform is broadening beyond food delivery and could drive incremental order volume and user engagement. Urban Outfitters and DoorDash Partner to Bring On-Demand Style to Gen Z
• Positive Sentiment: A report highlighting DoorDash’s strong Q1 growth suggests the company continues to scale its platform, which supports the long-term investment case even though margin guidance was trimmed. DoorDash posts strong Q1 growth but trims margin outlook
• Neutral Sentiment: Industry research projecting DoorDash could serve 20% of U.S. restaurants by 2035 points to a large future opportunity, but it is still a long-dated estimate and may have limited immediate impact. DoorDash Projected to Reach 20% of US Restaurants by 2035
• Negative Sentiment: Multiple crime and safety-related stories involving DoorDash drivers and deliveries may add to investor concerns about operational risk, driver safety, and reputational issues. DoorDash driver among victims in Memorial Drive shooting, family says Late-night DoorDash delivery to abandoned house sparks safety concerns
• Negative Sentiment: Fraud and account-abuse headlines, including a viral refund case and reports of rented or stolen delivery accounts, could increase concerns about platform integrity and costs tied to abuse prevention. A customer used AI to trick DoorDash into issuing a refund. The company’s response is going viral No driver’s license, no problem: How Uber, DoorDash and Lyft accounts are being rented and stolen online for hundreds.
• Negative Sentiment: Legal and liability-related coverage, including lawsuits and criminal cases tied to drivers, can add headline risk even if the direct financial impact is unclear. Nebraska family drops DoorDash from lawsuit in death of daughter killed in Kansas Court docs: DoorDash driver shot and killed man in his way because he ‘had stuff to do’

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.