Loop Capital Issues Positive Forecast for DoorDash (NASDAQ:DASH) Stock Price

DoorDash (NASDAQ:DASH) had its target price lifted by investment analysts at Loop Capital from $200.00 to $235.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Loop Capital’s price target indicates a potential upside of 19.79% from the company’s current price.

Other analysts have also issued research reports about the stock. Roth Mkm raised their price target on shares of DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Benchmark lifted their price target on DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Needham & Company LLC increased their price target on DoorDash from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. BMO Capital Markets restated an “outperform” rating and issued a $240.00 price objective (up from $180.00) on shares of DoorDash in a research report on Wednesday, February 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $200.00 target price on shares of DoorDash in a research note on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $206.52.

DoorDash Trading Down 1.9 %

DoorDash stock traded down $3.77 during mid-day trading on Monday, hitting $196.17. The company had a trading volume of 1,202,611 shares, compared to its average volume of 3,367,453. The company has a market capitalization of $82.41 billion, a price-to-earnings ratio of 726.55 and a beta of 1.72. The company’s fifty day moving average is $182.56 and its 200-day moving average is $161.31. DoorDash has a 12-month low of $99.32 and a 12-month high of $215.24.

Insider Activity at DoorDash

In other news, CEO Tony Xu sold 108,334 shares of DoorDash stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $180.07, for a total value of $19,507,703.38. Following the completion of the sale, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at approximately $270,105. The trade was a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the sale, the chief financial officer now owns 366,993 shares in the company, valued at $67,233,117.60. This represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 812,035 shares of company stock worth $142,357,630. Company insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

A number of institutional investors and hedge funds have recently bought and sold shares of DASH. Challenger Wealth Management acquired a new stake in DoorDash during the 4th quarter worth approximately $252,000. American Trust purchased a new stake in shares of DoorDash in the 4th quarter valued at approximately $201,000. Mackenzie Financial Corp raised its holdings in shares of DoorDash by 751.2% in the 4th quarter. Mackenzie Financial Corp now owns 159,461 shares of the company’s stock valued at $26,750,000 after purchasing an additional 140,728 shares in the last quarter. Cache Advisors LLC acquired a new stake in shares of DoorDash in the 4th quarter valued at $1,947,000. Finally, GF Fund Management CO. LTD. purchased a new stake in shares of DoorDash during the 4th quarter worth $12,367,000. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

About DoorDash

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.