DoorDash (NASDAQ:DASH) Posts Earnings Results, Beats Expectations By $0.17 EPS

DoorDash (NASDAQ:DASH) released its quarterly earnings data 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. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the firm posted ($0.19) earnings per share. The business’s revenue was up 25.0% on a year-over-year basis.

DoorDash Stock Up 0.5 %

DoorDash stock traded up $0.72 during trading on Thursday, hitting $155.97. The stock had a trading volume of 6,177,696 shares, compared to its average volume of 3,833,490. DoorDash has a 1 year low of $72.65 and a 1 year high of $165.07. The stock’s 50 day moving average is $139.31 and its two-hundred day moving average is $123.83. The stock has a market cap of $64.19 billion, a price-to-earnings ratio of -153.57, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $160.00 price target on shares of DoorDash in a report on Monday, October 7th. Barclays raised their price objective on DoorDash from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Wolfe Research initiated coverage on DoorDash in a report on Tuesday, July 16th. They set an “outperform” rating and a $130.00 price objective on the stock. Wells Fargo & Company lifted their target price on DoorDash from $127.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 4th. Finally, Raymond James initiated coverage on DoorDash in a report on Tuesday, September 24th. They set an “outperform” rating and a $155.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $158.12.

Insider Activity at DoorDash

In related news, Director Shona L. Brown sold 5,005 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $120.00, for a total value of $600,600.00. Following the transaction, the director now owns 65,186 shares in the company, valued at approximately $7,822,320. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other DoorDash news, CEO Tony Xu sold 54,166 shares of the stock in a transaction on 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 SEC, which is accessible through this link. Also, Director Shona L. Brown sold 5,005 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $120.00, for a total value of $600,600.00. Following the sale, the director now owns 65,186 shares in the company, valued at approximately $7,822,320. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 383,710 shares of company stock worth $53,725,640. 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.