DoorDash FY2024 EPS Estimate Increased by Zacks Research

DoorDash, Inc. (NASDAQ:DASH) – Research analysts at Zacks Research raised their FY2024 earnings per share estimates for shares of DoorDash in a research report issued on Tuesday, November 19th. Zacks Research analyst R. Department now expects that the company will earn $0.23 per share for the year, up from their previous estimate of ($0.11). The consensus estimate for DoorDash’s current full-year earnings is $0.26 per share. Zacks Research also issued estimates for DoorDash’s Q4 2024 earnings at $0.29 EPS, Q1 2025 earnings at $0.19 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.35 EPS, FY2025 earnings at $1.27 EPS, Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.62 EPS and FY2026 earnings at $2.41 EPS.

A number of other analysts have also recently commented on the company. KeyCorp upped their price target on DoorDash from $177.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group increased their target price on shares of DoorDash from $142.00 to $161.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Evercore ISI lifted their price target on shares of DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Mizuho upped their price objective on shares of DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Wedbush reiterated a “neutral” rating and set a $115.00 target price on shares of DoorDash in a report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.03.

DoorDash Stock Up 2.4 %

NASDAQ:DASH opened at $177.24 on Friday. DoorDash has a 12-month low of $92.56 and a 12-month high of $178.16. The stock’s fifty day simple moving average is $153.61 and its 200-day simple moving average is $128.96. The firm has a market capitalization of $73.62 billion, a P/E ratio of -393.87, a P/E/G ratio of 13.31 and a beta of 1.67.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the business posted ($0.19) earnings per share. DoorDash’s revenue was up 25.0% compared to the same quarter last year.

Insider Buying and Selling at DoorDash

In other DoorDash news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $127.86, for a total transaction of $895,020.00. Following the transaction, the chief financial officer now directly owns 396,152 shares of the company’s stock, valued at approximately $50,651,994.72. The trade was a 1.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. The trade was a 73.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 547,753 shares of company stock worth $84,544,996. 7.92% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DoorDash

Large investors have recently modified their holdings of the company. Baillie Gifford & Co. boosted its position in DoorDash by 13.2% during the third quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after acquiring an additional 1,645,186 shares during the last quarter. State Street Corp lifted its stake in shares of DoorDash by 3.8% in the 3rd quarter. State Street Corp now owns 7,395,891 shares of the company’s stock valued at $1,055,616,000 after purchasing an additional 272,659 shares during the period. Janus Henderson Group PLC boosted its position in shares of DoorDash by 14.5% during the 3rd quarter. Janus Henderson Group PLC now owns 5,533,288 shares of the company’s stock valued at $789,766,000 after purchasing an additional 700,465 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in DoorDash by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock worth $753,281,000 after purchasing an additional 242,956 shares during the period. Finally, Geode Capital Management LLC increased its holdings in DoorDash by 6.4% in the third quarter. Geode Capital Management LLC now owns 4,472,154 shares of the company’s stock worth $636,652,000 after purchasing an additional 267,855 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.