DoorDash (NASDAQ:DASH) Releases Quarterly Earnings Results, Beats Estimates By $0.17 EPS

by · The Cerbat Gem

DoorDash (NASDAQ:DASH – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17, Briefing.com reports. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.66 billion. DoorDash had a negative return on equity of 5.91% and a negative net margin of 4.24%. DoorDash’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period last year, the company earned ($0.19) earnings per share.

DoorDash Stock Performance

NASDAQ DASH traded up $1.08 on Thursday, hitting $156.33. 6,437,345 shares of the stock traded hands, compared to its average volume of 3,834,550. The business’s fifty day moving average is $139.31 and its two-hundred day moving average is $123.83. DoorDash has a 12 month low of $72.65 and a 12 month high of $165.07. The firm has a market capitalization of $64.34 billion, a price-to-earnings ratio of -153.57, a PEG ratio of 425.82 and a beta of 1.70.

Insider Activity at DoorDash

In related news, Director Shona L. Brown sold 5,005 shares of DoorDash stock in a transaction on Monday, August 5th. The stock was sold at an average price of $120.00, for a total transaction of $600,600.00. Following the completion of the sale, the director now owns 65,186 shares of the company’s stock, valued at approximately $7,822,320. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other DoorDash news, Director Shona L. Brown sold 5,005 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $120.00, for a total value of $600,600.00. Following the completion of the sale, the director now directly owns 65,186 shares of the company’s stock, valued at $7,822,320. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $130.20, for a total value of $6,510,000.00. Following the transaction, the director now owns 18,089 shares in the company, valued at approximately $2,355,187.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 383,710 shares of company stock worth $53,725,640. Corporate insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DASH. Roth Mkm upped their target price on DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Benchmark increased their price objective on DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Susquehanna boosted their target price on shares of DoorDash from $135.00 to $140.00 and gave the stock a “positive” rating in a report on Monday, August 5th. Keefe, Bruyette & Woods raised shares of DoorDash from a “market perform” rating to an “outperform” rating and set a $177.00 price objective for the company in a research report on Wednesday, September 25th. Finally, Evercore ISI lifted their price target on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday. Ten analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.12.

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About DoorDash

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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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