DoorDash (NASDAQ:DASH) Issues Earnings Results, Misses Estimates By $0.01 EPS

DoorDash (NASDAQ:DASH) announced its quarterly earnings data on Tuesday. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01), Zacks reports. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%.

DoorDash Stock Up 0.2 %

DASH traded up $0.46 during midday trading on Tuesday, reaching $193.09. 6,152,265 shares of the company’s stock were exchanged, compared to its average volume of 2,775,025. The business has a 50-day simple moving average of $177.18 and a two-hundred day simple moving average of $155.44. The firm has a market capitalization of $80.21 billion, a price-to-earnings ratio of -429.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.72. DoorDash has a one year low of $99.32 and a one year high of $199.17.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DASH shares. Benchmark boosted their price target on shares of DoorDash from $180.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Mizuho lifted their price target on DoorDash from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. The Goldman Sachs Group boosted their price target on DoorDash from $161.00 to $192.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price objective on shares of DoorDash in a research report on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.82.

Insider Activity

In related news, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the completion of the sale, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at $67,233,117.60. This trade represents a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tony Xu sold 115,432 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $177.01, for a total value of $20,432,618.32. Following the completion of the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $265,515. This represents a 98.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,040,758 shares of company stock worth $181,434,201. Company insiders own 7.92% of the company’s stock.

About DoorDash

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.