1 week Ago By ABMN Staff
DoorDash ( NASDAQ:DASH – Free Report ) had its target price increased by Wolfe Research from $210.00 to $220.00 in a research report released on Friday morning, Benzinga reports.
The brokerage currently has an outperform rating on the stock. A number of other brokerages also recently issued reports on DASH. Cantor Fitzgerald reissued an “overweight” rating and set a $160.
00 price objective on shares of DoorDash in a research report on Monday, October 7th. Mizuho lifted their target price on shares of DoorDash from $162.00 to $173.
00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. KeyCorp increased their price target on shares of DoorDash from $177.00 to $180.
00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their price objective on DoorDash from $155.00 to $180.
00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Benchmark upped their target price on DoorDash from $152.00 to $173.
00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat.
com, DoorDash has an average rating of “Moderate Buy” and a consensus price target of $171.42. Read Our Latest Stock Report on DoorDash DoorDash Price Performance DoorDash ( NASDAQ:DASH – Get Free Report ) last released its quarterly earnings data on Wednesday, October 30th.
The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.
17. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.
69%. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.
66 billion. During the same quarter last year, the business posted ($0.19) EPS.
The business’s revenue was up 25.0% on a year-over-year basis. As a group, equities research analysts anticipate that DoorDash will post 0.
26 earnings per share for the current year. Insiders Place Their Bets In other news, Director Stanley Tang sold 50,000 shares of DoorDash stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $170.
34, for a total value of $8,517,000.00. Following the completion of the sale, the director now directly owns 35,413 shares in the company, valued at $6,032,250.
42. The trade was a 58.54 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the SEC, which is available through this link . Also, CEO Tony Xu sold 108,332 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 owns 1,500 shares in the company, valued at approximately $255,525.
This trade represents a 98.63 % decrease in their position. The disclosure for this sale can be found here .
In the last quarter, insiders sold 1,082,694 shares of company stock valued at $183,152,786. Corporate insiders own 7.92% of the company’s stock.
Institutional Trading of DoorDash Large investors have recently modified their holdings of the company. Baillie Gifford & Co. grew its position in DoorDash by 13.
2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares during the period.
Dragoneer Investment Group LLC boosted its stake in shares of DoorDash by 77.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock worth $309,755,000 after acquiring an additional 1,246,567 shares during the last quarter.
Allspring Global Investments Holdings LLC grew its position in shares of DoorDash by 216.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock valued at $154,486,000 after acquiring an additional 739,961 shares during the period.
Jupiter Asset Management Ltd. grew its position in shares of DoorDash by 3,284.7% during the 2nd quarter.
Jupiter Asset Management Ltd. now owns 729,779 shares of the company’s stock valued at $79,385,000 after acquiring an additional 708,218 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of DoorDash by 14.
5% in the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock worth $789,766,000 after purchasing an additional 700,465 shares in the last quarter. Institutional investors own 90.
64% of the company’s stock. DoorDash Company Profile ( 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.
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