1 week Ago By ABMN Staff
JMP Securities restated their market outperform rating on shares of DoorDash ( NASDAQ:DASH – Free Report ) in a research report report published on Thursday morning, Benzinga reports. The firm currently has a $200.00 target price on the stock.
A number of other analysts have also recently commented on the company. Keefe, Bruyette & Woods upgraded DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective for the company in a research report on Wednesday, September 25th.
Evercore ISI increased their price target on shares of DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st.
UBS Group boosted their price target on DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, October 18th.
Raymond James began coverage on DoorDash in a research note on Tuesday, September 24th. They issued an “outperform” rating and a $155.00 price objective on the stock.
Finally, Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Nine analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $168.
70. Read Our Latest Research Report on DoorDash DoorDash Trading Up 1.7 % DoorDash ( NASDAQ:DASH – Get Free Report ) last issued its earnings results on Wednesday, October 30th.
The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.
66 billion. During the same quarter in the previous year, the firm earned ($0.19) EPS.
DoorDash’s revenue was up 25.0% on a year-over-year basis. On average, equities research analysts forecast that DoorDash will post 0.
26 EPS for the current fiscal year. Insiders Place Their Bets In other news, Director Stanley Tang sold 1,855 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $169.
98, for a total transaction of $315,312.90. Following the completion of the sale, the director now directly owns 35,413 shares of the company’s stock, valued at approximately $6,019,501.
74. The trade was a 4.98 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $143.
76, for a total transaction of $7,188,000.00. Following the completion of the transaction, the director now directly owns 18,089 shares in the company, valued at $2,600,474.
64. This represents a 73.43 % decrease in their position.
The disclosure for this sale can be found here . Insiders sold a total of 924,362 shares of company stock valued at $156,181,429 over the last 90 days. Insiders own 7.
92% of the company’s stock. Hedge Funds Weigh In On DoorDash Institutional investors have recently made changes to their positions in the company. Rakuten Securities Inc.
boosted its position in DoorDash by 302.3% during the 3rd quarter. Rakuten Securities Inc.
now owns 173 shares of the company’s stock valued at $25,000 after acquiring an additional 130 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of 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 in the last quarter.
Headlands Technologies LLC purchased a new stake in DoorDash during the second quarter valued at approximately $32,000. Quest Partners LLC boosted its stake 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 acquiring an additional 204 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of DoorDash in the 3rd quarter worth $54,000. Hedge funds and other institutional investors own 90.
64% of the company’s stock. 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.
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