DoorDash, Inc. (NASDAQ:DASH – Get Free Report) CAO Gordon S. Lee sold 1,000 shares of DoorDash stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $124.50, for a total value of $124,500.00. Following the sale, the chief accounting officer now directly owns 92,207 shares of the company’s stock, valued at approximately $11,479,771.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
DoorDash Trading Down 1.1 %
DASH opened at $130.90 on Wednesday. The stock’s 50-day moving average price is $110.51 and its 200 day moving average price is $94.38. DoorDash, Inc. has a 12-month low of $51.50 and a 12-month high of $134.43. The firm has a market cap of $52.88 billion, a price-to-earnings ratio of -91.54, a PEG ratio of 52.60 and a beta of 1.78.
DoorDash (NASDAQ:DASH – Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same period in the previous year, the company posted ($0.63) EPS. DoorDash’s revenue was up 26.7% on a year-over-year basis. On average, research analysts forecast that DoorDash, Inc. will post 0.06 earnings per share for the current year.
Institutional Investors Weigh In On DoorDash
Analyst Ratings Changes
A number of research firms recently commented on DASH. TheStreet raised DoorDash from a “d” rating to a “c-” rating in a report on Friday, December 8th. Truist Financial boosted their price target on DoorDash from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, February 16th. Wedbush boosted their price objective on DoorDash from $92.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Needham & Company LLC restated a “buy” rating and issued a $133.00 price objective on shares of DoorDash in a research report on Tuesday, February 6th. Finally, Morgan Stanley upgraded DoorDash from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $135.00 to $145.00 in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and an average target price of $118.32.
Check Out Our Latest Stock Analysis on DoorDash
DoorDash Company Profile
DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels.
Featured Stories
- Five stocks we like better than DoorDash
- Technology Stocks Explained: Here’s What to Know About Tech
- Vivani Medical Surges on its Ozempic-Like Weight-Loss Implant
- What Is WallStreetBets and What Stocks Are They Targeting?
- Abercrombie & Fitch Stock Just Got an Upgrade to Beat Its Peers
- What is the Shanghai Stock Exchange Composite Index?
- Boeing Wants to Buy Its Supplier on Recent Drama, Here’s Why
Receive News & Ratings for DoorDash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoorDash and related companies with MarketBeat.com's FREE daily email newsletter.