DoorDash (NASDAQ:DASH) Earns Outperform Rating from Analysts at BNP Paribas Exane

by · The Cerbat Gem

BNP Paribas Exane assumed coverage on shares of DoorDash (NASDAQ:DASH – Free Report) in a research note released on Wednesday, Marketbeat reports. The brokerage issued an outperform rating and a $280.00 price target on the stock.

A number of other analysts have also weighed in on the stock. DA Davidson reiterated a “neutral” rating and issued a $260.00 price objective on shares of DoorDash in a research note on Thursday, November 6th. Stifel Nicolaus cut their price target on DoorDash from $255.00 to $253.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. BMO Capital Markets reissued an “outperform” rating on shares of DoorDash in a report on Friday, December 12th. KeyCorp restated an “overweight” rating and issued a $280.00 target price on shares of DoorDash in a research note on Friday, November 21st. Finally, Wall Street Zen cut DoorDash from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and an average price target of $278.05.

Check Out Our Latest Analysis on DoorDash

DoorDash Stock Down 2.3%

Shares of DASH stock opened at $205.32 on Wednesday. DoorDash has a fifty-two week low of $155.40 and a fifty-two week high of $285.50. The firm has a market capitalization of $88.49 billion, a PE ratio of 104.22 and a beta of 1.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.04 and a current ratio of 2.04. The stock’s 50-day simple moving average is $216.50 and its 200-day simple moving average is $240.35.

DoorDash (NASDAQ:DASH – Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.13). DoorDash had a net margin of 6.83% and a return on equity of 9.97%. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the prior year, the company earned $0.38 EPS. DoorDash’s quarterly revenue was up 27.3% on a year-over-year basis. Equities analysts expect that DoorDash will post 2.22 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Ravi Inukonda sold 1,017 shares of DoorDash stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $215.14, for a total value of $218,797.38. Following the sale, the chief financial officer owned 208,412 shares of the company’s stock, valued at approximately $44,837,757.68. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shona L. Brown sold 1,250 shares of the business’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $222.33, for a total transaction of $277,912.50. Following the completion of the sale, the director directly owned 33,502 shares of the company’s stock, valued at approximately $7,448,499.66. The trade was a 3.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 619,310 shares of company stock valued at $130,529,968 in the last 90 days. Corporate insiders own 5.83% of the company’s stock.

Institutional Trading of DoorDash

Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its position in shares of DoorDash by 24.0% during the 4th quarter. Brighton Jones LLC now owns 9,336 shares of the company’s stock worth $1,566,000 after purchasing an additional 1,807 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of DoorDash by 21.5% in the first quarter. Integrated Wealth Concepts LLC now owns 1,715 shares of the company’s stock worth $314,000 after acquiring an additional 303 shares during the last quarter. Empowered Funds LLC increased its position in shares of DoorDash by 3.6% during the first quarter. Empowered Funds LLC now owns 8,130 shares of the company’s stock worth $1,486,000 after purchasing an additional 285 shares in the last quarter. Focus Partners Wealth increased its position in shares of DoorDash by 251.6% during the first quarter. Focus Partners Wealth now owns 9,261 shares of the company’s stock worth $1,693,000 after purchasing an additional 6,627 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in DoorDash by 19.0% in the 2nd quarter. Parallel Advisors LLC now owns 5,487 shares of the company’s stock valued at $1,353,000 after purchasing an additional 876 shares during the last quarter. Institutional investors and hedge funds own 90.64% of the company’s stock.

Key Stories Impacting DoorDash

Here are the key news stories impacting DoorDash this week:

  • Positive Sentiment: BNP Paribas upgraded DoorDash to “strong-buy,” signaling institutional optimism about the shares and potentially supporting demand. Read More.
  • Positive Sentiment: BNP Paribas Exane initiated coverage of DASH, which can increase analyst attention and liquidity for the stock. Read More.
  • Neutral Sentiment: DoorDash published data on big-game food trends, highlighting platform engagement and marketing/consumer demand insights that support revenue visibility around events. Read More.
  • Neutral Sentiment: A viral local news story showed police delivering a pizza after a DoorDash driver was arrested; reputationally noteworthy but unlikely to move fundamentals. Read More.
  • Negative Sentiment: DoorDash’s Chief Revenue Officer Lee Brown departed after about five months — a sign of executive turnover in a revenue-facing role that can spook investors concerned about sales execution. Read More.
  • Negative Sentiment: Insiders sold shares: CFO Ravi Inukonda sold 1,017 shares (SEC Form 4 filing) and a Director sold about $277,900 of stock — modest but visible insider selling that can be read negatively by the market. Read More. Read More.
  • Negative Sentiment: New reports and a city lawsuit allege DoorDash and competitors shortchanged delivery workers of roughly $550M in tips — a regulatory/legal risk that could lead to fines, settlements or changes to the business model. Read More.

DoorDash Company Profile

(Get Free Report)

DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company’s core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.

In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.

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