The stock of DoorDash Inc (NASDAQ:DASH) last traded at $77.80, down -0.45% from the previous session.
Data from the available sources indicates that DoorDash Inc (NASDAQ:DASH) is covered by 36 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $125.00 and a low of $47.00, we find $95.00. Given the previous closing price of $78.15, this indicates a potential upside of 21.56 percent. DASH stock price is now -4.74% away from the 50-day moving average and 15.86% away from the 200-day moving average. The market capitalization of the company currently stands at $30.60B.
In total, 20 analysts have assigned it a hold rating, and 13 have given it a buy rating. Brokers who have rated the stock have averaged $95.48 as their price target over the next twelve months.
With the price target enhanced from $90 to $105, Mizuho Upgraded its rating from Neutral to Buy for DoorDash Inc (NASDAQ: DASH).
In other news, Xu Tony, Chief Executive Officer sold 132,300 shares of the company’s stock on Sep 12. The stock was sold for $11,025,357 at an average price of $83.34. Upon completion of the transaction, the Chief Executive Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 08, Director Fang Andy sold 67,000 shares of the business’s stock. A total of $5,424,781 was realized by selling the stock at an average price of $80.97. This leaves the insider owning 45,296 shares of the company worth $3.52 million. Insiders disposed of 52,119,809 shares of company stock worth roughly $4.05 billion over the past 1 year. A total of 33.58% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DASH stock. A new stake in DoorDash Inc shares was purchased by VIKING GLOBAL INVESTORS LP during the first quarter worth $210,087,000. FIRST BEIJING INVESTMENT LTD invested $29,791,000 in shares of DASH during the first quarter. In the first quarter, BRIDGEWATER ASSOCIATES, LP acquired a new stake in DoorDash Inc valued at approximately $28,657,000. UNISUPER MANAGEMENT PTY LTD acquired a new stake in DASH for approximately $21,872,000. STYRAX CAPITAL, LP purchased a new stake in DASH valued at around $18,720,000 in the second quarter. In total, there are 631 active investors with 57.19% ownership of the company’s stock.
With an opening price of $77.11 on Thursday morning, DoorDash Inc (NASDAQ: DASH) set off the trading day. During the past 12 months, DoorDash Inc has had a low of $41.37 and a high of $92.61. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 1.67, and a quick ratio of 1.67. The fifty day moving average price for DASH is $81.67 and a two-hundred day moving average price translates $67.15 for the stock.
The latest earnings results from DoorDash Inc (NASDAQ: DASH) was released for Jun, 2023. According to the Internet Content & Information Company, earnings per share came in at -$0.44, missing analysts’ expectations of -$0.41 by -0.03. This compares to -$0.72 EPS in the same period last year. The net profit margin was -16.47% and return on equity was -18.34% for DASH. The company reported revenue of $2.13 billion for the quarter, compared to $1.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.65 percent. For the current quarter, analysts expect DASH to generate $2.09B in revenue.
