DoorDash (DASH) to Release Earnings on Wednesday

DoorDash (NASDAQ:DASH) is set to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect DoorDash to post earnings of $0.20 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

DoorDash (NASDAQ:DASH) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.29). DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the company posted ($0.44) EPS. The business’s quarterly revenue was up 23.3% on a year-over-year basis. On average, analysts expect DoorDash to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DoorDash Trading Down 0.2 %

DoorDash stock opened at $152.54 on Wednesday. The firm has a market capitalization of $62.38 billion, a price-to-earnings ratio of -141.75, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70. The firm’s fifty day moving average price is $135.83 and its two-hundred day moving average price is $122.98. DoorDash has a 1-year low of $69.90 and a 1-year high of $154.16.

Analyst Ratings Changes

DASH has been the subject of a number of analyst reports. Roth Mkm lifted their price target on DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. UBS Group lifted their target price on DoorDash from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. upped their price target on DoorDash from $111.00 to $137.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Jefferies Financial Group raised their price objective on DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Truist Financial lifted their price objective on shares of DoorDash from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday. Ten analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and an average target price of $150.34.

Insider Activity at DoorDash

In related news, Director Shona L. Brown sold 5,005 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $120.00, for a total transaction of $600,600.00. Following the sale, the director now directly owns 65,186 shares in the company, valued at approximately $7,822,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other DoorDash news, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total value of $6,510,000.00. Following the completion of the transaction, the director now directly owns 18,089 shares of the company’s stock, valued at $2,355,187.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Shona L. Brown sold 5,005 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,600.00. Following the transaction, the director now owns 65,186 shares of the company’s stock, valued at $7,822,320. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 390,710 shares of company stock worth $54,472,120. Corporate insiders own 7.92% 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.