DoorDash (NASDAQ:DASH) Issues Quarterly Earnings Results

DoorDash (NASDAQ:DASH) released 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 return on equity of 2.41% and a negative net margin of 1.69%.

DoorDash Stock Performance

NASDAQ DASH traded up $0.46 on Tuesday, reaching $193.09. The company’s stock had a trading volume of 6,152,265 shares, compared to its average volume of 2,775,025. DoorDash has a twelve month low of $99.32 and a twelve month high of $199.17. The firm’s 50 day moving average is $177.18 and its two-hundred day moving average is $155.44. The stock has a market cap of $80.21 billion, a PE ratio of -429.09, a PEG ratio of 2.04 and a beta of 1.72.

Insider Transactions at DoorDash

In related news, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $172.67, for a total value of $8,633,500.00. Following the transaction, the director now owns 18,089 shares of the company’s stock, valued at approximately $3,123,427.63. This trade represents a 73.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tony Xu sold 108,332 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the completion of the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at approximately $255,375. The trade was a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,040,758 shares of company stock valued at $181,434,201 in the last quarter. Insiders own 7.92% of the company’s stock.

Wall Street Analysts Forecast Growth

DASH has been the subject of a number of recent research reports. Barclays increased their target price on DoorDash from $120.00 to $163.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Mizuho boosted their target price on shares of DoorDash from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Bank of America raised their price target on shares of DoorDash from $172.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Loop Capital upped their price objective on shares of DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Wolfe Research lifted their target price on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $180.82.

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.