DoorDash (NASDAQ:DASH) Issues Quarterly Earnings Results

DoorDash (NASDAQ:DASH) posted its quarterly earnings data on Tuesday. The company reported $0.33 earnings per share 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 Price Performance

NASDAQ DASH traded up $0.46 on Tuesday, hitting $193.09. 5,746,836 shares of the company’s stock were exchanged, compared to its average volume of 2,728,959. The firm’s 50-day moving average price is $177.18 and its two-hundred day moving average price is $155.44. The firm has a market cap of $80.21 billion, a price-to-earnings ratio of -429.09, a P/E/G ratio of 2.04 and a beta of 1.72. DoorDash has a fifty-two week low of $99.32 and a fifty-two week high of $199.17.

Analyst Ratings Changes

Several brokerages have weighed in on DASH. Evercore ISI upped their price target on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on shares of DoorDash from $161.00 to $192.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Wells Fargo & Company lifted their price objective on shares of DoorDash from $150.00 to $166.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. KeyCorp increased their target price on DoorDash from $180.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, Loop Capital lifted their price target on DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned 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 $180.82.

Insider Activity at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the transaction, the chief executive officer now directly owns 1,500 shares in the company, valued at approximately $255,375. This represents a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on 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 directly owns 18,089 shares of the company’s stock, valued at approximately $3,123,427.63. This represents a 73.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,040,758 shares of company stock worth $181,434,201 over the last three months. 7.92% of the stock is currently owned by corporate insiders.

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.