DoorDash (NASDAQ:DASH) Now Covered by Analysts at FBN Securities

FBN Securities began coverage on shares of DoorDash (NASDAQ:DASH) in a report released on Friday, Marketbeat.com reports. The brokerage issued an outperform rating and a $230.00 price target on the stock.

Several other research firms also recently weighed in on DASH. Piper Sandler restated a “neutral” rating and issued a $210.00 price target (up from $160.00) on shares of DoorDash in a research note on Wednesday, February 12th. Roth Mkm raised their target price on shares of DoorDash from $165.00 to $193.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Loop Capital boosted their price target on shares of DoorDash from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Needham & Company LLC restated a “buy” rating on shares of DoorDash in a research report on Monday, March 3rd. Finally, Truist Financial boosted their target price on DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Ten analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $207.21.

DoorDash Stock Down 5.9 %

NASDAQ DASH opened at $182.61 on Friday. The company has a 50-day moving average price of $192.00 and a 200-day moving average price of $172.39. The firm has a market capitalization of $76.71 billion, a P/E ratio of 676.33 and a beta of 1.70. DoorDash has a 52 week low of $99.32 and a 52 week high of $215.25.

Insider Activity

In other news, CFO Ravi Inukonda sold 14,715 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $196.52, for a total transaction of $2,891,791.80. Following the completion of the transaction, the chief financial officer now directly owns 338,055 shares in the company, valued at $66,434,568.60. The trade was a 4.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Keith Yandell sold 8,116 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $203.45, for a total transaction of $1,651,200.20. Following the completion of the sale, the insider now owns 105,162 shares in the company, valued at $21,395,208.90. This represents a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 351,445 shares of company stock valued at $62,258,130 over the last 90 days. 7.92% of the stock is currently owned by company insiders.

Institutional Trading of DoorDash

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DASH. Norges Bank acquired a new stake in shares of DoorDash in the 4th quarter valued at $597,443,000. Capital World Investors lifted its holdings in DoorDash by 26.4% during the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company’s stock valued at $2,038,712,000 after purchasing an additional 2,538,160 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in DoorDash by 67.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company’s stock valued at $780,858,000 after buying an additional 1,869,866 shares in the last quarter. Franklin Resources Inc. grew its stake in DoorDash by 25.0% during the fourth quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company’s stock worth $796,781,000 after buying an additional 949,414 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of DoorDash during the fourth quarter worth approximately $146,094,000. Institutional investors own 90.64% of the company’s stock.

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.