DoorDash (NASDAQ:DASH) Announces Earnings Results

DoorDash (NASDAQ:DASH) released its quarterly earnings results on Wednesday. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17, Briefing.com reports. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.19) earnings per share.

DoorDash Trading Up 1.1 %

Shares of DASH stock traded up $1.71 on Thursday, hitting $156.96. The stock had a trading volume of 4,649,442 shares, compared to its average volume of 3,827,546. The firm has a market cap of $64.60 billion, a P/E ratio of -153.88, a PEG ratio of 425.82 and a beta of 1.70. DoorDash has a twelve month low of $72.65 and a twelve month high of $165.07. The company has a fifty day moving average price of $139.31 and a two-hundred day moving average price of $123.83.

Insiders Place Their Bets

In other news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the sale, the director now owns 18,089 shares of the company’s stock, valued at $2,710,274.87. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Tony Xu sold 54,166 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $123.43, for a total transaction of $6,685,709.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andy Fang sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $149.83, for a total value of $7,491,500.00. Following the completion of the sale, the director now owns 18,089 shares in the company, valued at $2,710,274.87. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 383,710 shares of company stock worth $53,725,640. Corporate insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Argus began coverage on shares of DoorDash in a research report on Tuesday, July 23rd. They issued a “hold” rating on the stock. Jefferies Financial Group boosted their price target on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Needham & Company LLC raised their price objective on DoorDash from $145.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler boosted their price objective on DoorDash from $125.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Roth Mkm lifted their price target on shares of DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Ten analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.82.

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.