1 week Ago By Defense World Staff
DoorDash ( NASDAQ:DASH – Free Report ) had its price objective hoisted by Wolfe Research from $210.00 to $220.00 in a report published on Friday, Benzinga reports.
They currently have an outperform rating on the stock. DASH has been the subject of several other research reports. Jefferies Financial Group increased their price target on shares of DoorDash from $155.
00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Benchmark increased their target price on shares of DoorDash from $152.
00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $200.
00 price target on shares of DoorDash in a report on Thursday. BMO Capital Markets upped their price objective on DoorDash from $140.00 to $180.
00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, DA Davidson raised their target price on DoorDash from $119.00 to $150.
00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.
com, DoorDash has a consensus rating of “Moderate Buy” and a consensus target price of $171.42. Check Out Our Latest Research Report on DoorDash DoorDash Stock Up 2.
5 % DoorDash ( NASDAQ:DASH – Get Free Report ) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.
21 by $0.17. The business had revenue of $2.
71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.
41% and a negative net margin of 1.69%. DoorDash’s quarterly revenue was up 25.
0% compared to the same quarter last year. During the same period last year, the company posted ($0.19) earnings per share.
On average, equities analysts anticipate that DoorDash will post 0.26 EPS for the current year. Insider Transactions at DoorDash In related news, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction dated Thursday, January 2nd.
The stock was sold at an average price of $170.35, for a total transaction of $18,454,356.20.
Following the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at approximately $255,525. This trade represents a 98.63 % decrease in their position.
The sale was disclosed in a filing with the SEC, which is accessible through this link . Also, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $143.
76, for a total value of $7,188,000.00. Following the completion of the sale, the director now directly owns 18,089 shares of the company’s stock, valued at approximately $2,600,474.
64. This represents a 73.43 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold 1,082,694 shares of company stock valued at $183,152,786 in the last quarter. Insiders own 7.
92% of the company’s stock. Institutional Inflows and Outflows Several large investors have recently made changes to their positions in the business. Rakuten Securities Inc.
increased its holdings in shares of DoorDash by 302.3% in the third quarter. Rakuten Securities Inc.
now owns 173 shares of the company’s stock worth $25,000 after buying an additional 130 shares during the period. Meeder Asset Management Inc. grew its position in DoorDash by 82.
0% during the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after acquiring an additional 132 shares during the last quarter.
Headlands Technologies LLC purchased a new position in DoorDash in the 2nd quarter worth approximately $32,000. Quest Partners LLC lifted its position in DoorDash by 146.8% in the second quarter.
Quest Partners LLC now owns 343 shares of the company’s stock valued at $37,000 after purchasing an additional 204 shares during the last quarter. Finally, Hollencrest Capital Management purchased a new stake in shares of DoorDash during the third quarter valued at approximately $54,000. 90.
64% of the stock is owned by hedge funds and other institutional investors. About DoorDash ( Get Free Report ) 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.
Further Reading Five stocks we like better than DoorDash 10 Best Airline Stocks to Buy Insiders Are Selling, But These 3 Stocks Are Must-Buys What is the Nasdaq? Complete Overview with History Rivian Defies Doubters: Delivery Triumph Fuels Stock Surge What does consumer price index measure? Hindenburg Short Report Slams Carvana Over Alleged ‘Grift’ Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter ..
