DoorDash (NASDAQ:DASH) Now covered by analysts at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of DoorDash (NASDAQ:DASH – Free Report) in a research note published on Thursday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $160.00 price objective on the stock.

A number of other analysts also recently weighed in on DASH. KeyCorp began coverage on shares of DoorDash in a report on Thursday, July 11th. They have issued a sector weight rating on the stock. Benchmark restated a buy rating and issued a $150.00 price target on shares of DoorDash in a research note on Tuesday, July 30th. Roth Mkm boosted their price objective on DoorDash from $118.00 to $124.00 and gave the stock a neutral rating in a research report on Monday, August 5th. Wells Fargo & Company boosted their price objective on DoorDash from $125.00 to $127.00 and gave the stock an equal weight rating in a report on Friday, August 2nd. Finally, Piper Sandler restated a neutral rating and set a $125.00 target price (up previously from $115.00) on shares of DoorDash in a research note on Friday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and nineteen 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 target price of $142.57.

Get the latest research report on DASH

DoorDash Price Performance

DASH stock opened at $126.35 on Thursday. The firm has a market cap of $51.67 billion, a price-to-earnings ratio of -116.99, a PEG ratio of 768.41 and a beta of 1.67. DoorDash has a 1 year low of $69.90 and a 1 year high of $143.34. The firm has a fifty day moving average price of $116.37 and a two hundred day moving average price of $120.91.

DoorDash (NASDAQ:DASH – Get Your Free Report ) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. In the same quarter last year, the company posted ($0.44) earnings per share.

Insider buying and selling

In other news, CEO Tony Xu sold 131,590 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $111.61, for a total transaction of $14,686,759.90. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In related news, CEO Tony Xu sold 131,590 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $111.61, for a total transaction of $14,686,759.90. The transaction was disclosed in a filing with the SEC, which is available via this link. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $111.96, for a total transaction of $5,598,000.00. Following the transaction, the director now directly owns 39,275 shares in the company, valued at $4,397,229. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 436,359 shares of company stock worth $48,534,873. Company insiders own 7.92% of the company’s shares.

Hedge funds weigh in on DoorDash

Hedge funds and other institutional investors have recently modified their holdings of the business. Spire Wealth Management purchased a new stake in shares of DoorDash in the first quarter valued at approximately $25,000. ORG Partners LLC boosted its stake in DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after buying an additional 253 shares in the last quarter. Headlands Technologies LLC purchased a new stake in DoorDash in the second quarter valued at about $32,000. Meeder Asset Management Inc. raised its stake in shares of DoorDash by 82.0% during the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock worth $32,000 after purchasing an additional 132 shares in the last quarter. Finally, Hollencrest Capital Management purchased a new position in shares of DoorDash in the first quarter worth $42,000. Institutional investors own 90.64% of the company’s shares.

DoorDash Company Profile

(Get a 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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