DoorDash, Inc. (NASDAQ:DASH – Get Free Report) COO Prabir Adarkar sold 32,124 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $147.99, for a total transaction of $4,754,030.76. Following the transaction, the chief operating officer now directly owns 963,094 shares in the company, valued at $142,528,281.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
DoorDash Trading Up 1.0 %
DoorDash stock traded up $1.54 during midday trading on Thursday, reaching $151.40. The company’s stock had a trading volume of 2,571,321 shares, compared to its average volume of 3,878,793. DoorDash, Inc. has a 52 week low of $69.90 and a 52 week high of $151.97. The business has a 50-day moving average price of $134.16 and a 200-day moving average price of $122.77. The stock has a market cap of $61.91 billion, a PE ratio of -138.76, a price-to-earnings-growth ratio of 425.82 and a beta of 1.70.
DoorDash (NASDAQ:DASH – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the business posted ($0.44) earnings per share. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. As a group, research analysts predict that DoorDash, Inc. will post 0.01 EPS for the current fiscal year.
Hedge Funds Weigh In On DoorDash
Analyst Ratings Changes
A number of research firms recently commented on DASH. Morgan Stanley boosted their price objective on shares of DoorDash from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. KeyCorp raised shares of DoorDash from a “sector weight” rating to an “overweight” rating and set a $177.00 price objective on the stock in a report on Wednesday, September 25th. BTIG Research raised shares of DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Thursday, September 19th. UBS Group boosted their price objective on shares of DoorDash from $125.00 to $143.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods upgraded shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 target price for the company in a research report on Wednesday, September 25th. Ten analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.63.
Get Our Latest Research Report on DoorDash
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.
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