JPMorgan Chase & Co. Increases DoorDash (NASDAQ:DASH) Price Target to $111.00

DoorDash (NASDAQ:DASH) had its price target increased by JPMorgan Chase & Co. from $108.00 to $111.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

DASH has been the subject of several other reports. Mizuho upped their price objective on shares of DoorDash from $140.00 to $152.00 and gave the company a buy rating in a research note on Friday, February 16th. Jefferies Financial Group upgraded DoorDash from a hold rating to a buy rating and increased their price objective for the stock from $90.00 to $130.00 in a report on Monday, January 8th. Royal Bank of Canada cut their price objective on DoorDash from $175.00 to $165.00 and set an outperform rating on the stock in a research report on Thursday. Susquehanna upped their target price on DoorDash from $110.00 to $135.00 and gave the company a positive rating in a report on Tuesday, February 20th. Finally, JMP Securities increased their price target on shares of DoorDash from $130.00 to $160.00 and gave the stock a market outperform rating in a research note on Wednesday, March 27th. Nine research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $129.96.

DoorDash Stock Down 0.4 %

Shares of NASDAQ DASH traded down $0.50 during midday trading on Thursday, reaching $113.81. The company had a trading volume of 6,210,790 shares, compared to its average volume of 4,293,060. The firm’s fifty day moving average price is $131.86 and its 200-day moving average price is $110.13. DoorDash has a one year low of $60.36 and a one year high of $143.34. The stock has a market cap of $45.98 billion, a PE ratio of -105.38, a price-to-earnings-growth ratio of 13.07 and a beta of 1.78.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. DoorDash had a negative return on equity of 6.28% and a negative net margin of 4.61%. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the firm posted ($0.41) earnings per share. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. As a group, equities research analysts expect that DoorDash will post 0.17 EPS for the current year.

Insider Buying and Selling at DoorDash

In other news, Director Shona L. Brown sold 700 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total value of $76,797.00. Following the completion of the transaction, the director now owns 71,514 shares in the company, valued at $7,845,800.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Andy Fang sold 67,000 shares of DoorDash stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $110.57, for a total value of $7,408,190.00. Following the completion of the sale, the director now directly owns 40,969 shares in the company, valued at $4,529,942.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shona L. Brown sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total transaction of $76,797.00. Following the completion of the sale, the director now owns 71,514 shares in the company, valued at approximately $7,845,800.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 487,782 shares of company stock worth $64,046,807. Insiders own 9.59% of the company’s stock.

Hedge Funds Weigh In On DoorDash

Hedge funds and other institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC grew its stake in shares of DoorDash by 54.5% during the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 90 shares during the period. SJS Investment Consulting Inc. grew its position in DoorDash by 26.9% during the fourth quarter. SJS Investment Consulting Inc. now owns 462 shares of the company’s stock valued at $46,000 after buying an additional 98 shares during the period. Westside Investment Management Inc. increased its holdings in DoorDash by 18.2% during the fourth quarter. Westside Investment Management Inc. now owns 650 shares of the company’s stock valued at $64,000 after buying an additional 100 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in DoorDash by 1.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 6,540 shares of the company’s stock valued at $647,000 after buying an additional 100 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its position in DoorDash by 0.3% in the first quarter. Summit Trail Advisors LLC now owns 36,925 shares of the company’s stock worth $5,085,000 after acquiring an additional 106 shares during the period. 90.64% of the stock is owned by institutional investors.

DoorDash Company Profile

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.