DoorDash (NASDAQ:DASH) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of DoorDash (NASDAQ:DASH) from a strong sell rating to a hold rating in a report published on Thursday,Zacks.com reports.

A number of other analysts have also recently weighed in on DASH. Oppenheimer reiterated an “outperform” rating and set a $280.00 price target on shares of DoorDash in a research note on Thursday, November 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of DoorDash in a report on Friday, December 12th. Bank of America lowered their price target on DoorDash from $325.00 to $305.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Wolfe Research set a $270.00 price target on DoorDash in a research report on Monday, January 5th. Finally, Susquehanna reduced their price objective on DoorDash from $300.00 to $250.00 and set a “positive” rating for the company in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $280.24.

DoorDash Price Performance

DASH stock opened at $160.34 on Thursday. 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 company has a market capitalization of $69.11 billion, a P/E ratio of 81.39 and a beta of 1.77. The business has a 50 day simple moving average of $213.26 and a 200-day simple moving average of $234.05. DoorDash has a twelve month low of $155.40 and a twelve month high of $285.50.

Insider Activity at DoorDash

In related news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $222.53, for a total value of $10,105,087.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Tony Xu sold 288,410 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $196.04, for a total value of $56,539,896.40. Following the transaction, the chief executive officer directly owned 232,040 shares in the company, valued at $45,489,121.60. This represents a 55.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 604,135 shares of company stock worth $124,509,080 in the last three months. 5.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On DoorDash

Several institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of DoorDash in the 4th quarter valued at about $1,093,650,000. Vanguard Group Inc. grew its position in DoorDash by 4.6% during the second quarter. Vanguard Group Inc. now owns 41,190,085 shares of the company’s stock worth $10,153,768,000 after buying an additional 1,792,799 shares during the period. Alyeska Investment Group L.P. purchased a new position in DoorDash in the fourth quarter valued at about $372,128,000. Scge Management L.P. purchased a new position in DoorDash in the second quarter valued at about $267,463,000. Finally, Invesco Ltd. lifted its position in shares of DoorDash by 18.2% during the 3rd quarter. Invesco Ltd. now owns 6,355,628 shares of the company’s stock valued at $1,728,667,000 after acquiring an additional 980,148 shares during the period. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Key DoorDash News

Here are the key news stories impacting DoorDash this week:

• Positive Sentiment: Analyst/independent bullish notes reiterate BUY at discounted levels, arguing valuation and long-term growth justify owning DASH ahead of earnings. Read More.
• Positive Sentiment: Grocery and retail partnerships remain a growth tailwind — sector coverage on Kroger’s turnaround highlights DoorDash as a continuing last-mile partner, underscoring recurring GOV opportunity from grocery fulfillment. Read More.
• Positive Sentiment: Resolution of fraud schemes tied to phantom orders (sentencing reported) reduces an ongoing loss/operational risk and supports margin stability. Read More.
• Neutral Sentiment: Waymo is paying gig workers (including DoorDash drivers) to close robotaxi doors — demonstrates the value and flexibility of the Dasher workforce, but payments go to drivers (not DoorDash directly), so corporate revenue impact is unclear. Read More.
• Neutral Sentiment: Q4 preview/earnings expectations: previews show an in-line quarter is likely (Bank of America/Proactive), keeping guidance risk moderate heading into the Feb. 18 report. Read More.
• Neutral Sentiment: Short-interest items circulating look inconsistent/erroneous (zeros/NaN), so current short-interest headlines are noisy and unlikely to be a reliable near-term driver until clarified.
• Negative Sentiment: Multiple driver-related safety incidents and arrests (stabbing attempt, accidental shooting, delivery-related arrests) are generating adverse headlines and reputational risk that can pressure the stock. Read More. | Read More.
• Negative Sentiment: Fatal hit‑and‑run coverage and related family lawsuits spotlight potential litigation and regulatory exposure that could create headline risk and legal costs. Read More.
• Negative Sentiment: Insider selling: Director Shona L. Brown sold 1,250 shares recently — investors sometimes view insider sales negatively when combined with other near-term headwinds. Read More.

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.