DoorDash (DASH) Set to Announce Earnings on Wednesday

DoorDash (NASDAQ:DASH) is set to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

DoorDash (NASDAQ:DASH) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.29). The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The company’s revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.44) earnings per share. On average, analysts expect DoorDash to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DoorDash Stock Down 0.2 %

NASDAQ DASH opened at $152.54 on Wednesday. DoorDash has a 12-month low of $69.90 and a 12-month high of $154.16. The firm has a 50-day moving average price of $135.83 and a two-hundred day moving average price of $122.98. The company has a market capitalization of $62.38 billion, a P/E ratio of -141.75, a P/E/G ratio of 425.82 and a beta of 1.70.

Insider Activity at DoorDash

In related news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the sale, the director now owns 18,089 shares in the company, valued at $2,710,274.87. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other DoorDash news, CFO Ravi Inukonda sold 7,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $106.64, for a total value of $746,480.00. Following the completion of the sale, the chief financial officer now directly owns 417,223 shares in the company, valued at approximately $44,492,660.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction on Monday, October 14th. The shares were sold at an average price of $149.83, for a total transaction of $7,491,500.00. Following the completion of the sale, the director now directly owns 18,089 shares of the company’s stock, valued at approximately $2,710,274.87. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 390,710 shares of company stock worth $54,472,120 over the last quarter. Company insiders own 7.92% of the company’s stock.

Analyst Upgrades and Downgrades

DASH has been the topic of a number of analyst reports. Argus began coverage on DoorDash in a research report on Tuesday, July 23rd. They set a “hold” rating on the stock. BTIG Research raised DoorDash from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Thursday, September 19th. Redburn Atlantic initiated coverage on shares of DoorDash in a research report on Friday, July 26th. They set a “buy” rating and a $170.00 price objective for the company. Evercore ISI increased their price objective on shares of DoorDash from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Wedbush restated a “neutral” rating and issued a $115.00 target price on shares of DoorDash in a research report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, DoorDash currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.34.

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.