Cantor Fitzgerald Raises Earnings Estimates for DoorDash

DoorDash, Inc. (NASDAQ:DASH) – Equities research analysts at Cantor Fitzgerald boosted their FY2025 earnings per share (EPS) estimates for shares of DoorDash in a research note issued to investors on Wednesday, February 12th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the company will post earnings of $1.56 per share for the year, up from their previous forecast of $1.26. Cantor Fitzgerald has a “Overweight” rating and a $230.00 price objective on the stock. The consensus estimate for DoorDash’s current full-year earnings is $0.29 per share.

Other analysts also recently issued research reports about the company. Evercore ISI lifted their target price on DoorDash from $200.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday. Loop Capital boosted their price target on shares of DoorDash from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Wells Fargo & Company raised their price objective on shares of DoorDash from $166.00 to $198.00 and gave the company an “equal weight” rating in a research report on Wednesday. JMP Securities reiterated a “market outperform” rating and issued a $200.00 target price on shares of DoorDash in a report on Thursday, February 6th. Finally, Jefferies Financial Group raised their target price on shares of DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.45.

DoorDash Price Performance

Shares of DoorDash stock opened at $213.38 on Friday. The business’s fifty day moving average price is $179.29 and its two-hundred day moving average price is $157.46. The company has a market capitalization of $88.64 billion, a P/E ratio of -474.18, a PEG ratio of 2.04 and a beta of 1.72. DoorDash has a 1-year low of $99.32 and a 1-year high of $214.64.

Insiders Place Their Bets

In other DoorDash news, COO Prabir Adarkar sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total value of $3,616,600.00. Following the completion of the sale, the chief operating officer now owns 925,222 shares in the company, valued at approximately $167,307,894.26. This trade represents a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the sale, the chief financial officer now owns 366,993 shares of the company’s stock, valued at $67,233,117.60. This represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 932,426 shares of company stock worth $162,990,678. 7.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DoorDash

Hedge funds and other institutional investors have recently modified their holdings of the stock. GeoWealth Management LLC increased its holdings in DoorDash by 3.7% during the 4th quarter. GeoWealth Management LLC now owns 1,428 shares of the company’s stock valued at $240,000 after purchasing an additional 51 shares in the last quarter. IFP Advisors Inc increased its holdings in DoorDash by 31.8% during the 4th quarter. IFP Advisors Inc now owns 224 shares of the company’s stock valued at $37,000 after purchasing an additional 54 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in DoorDash by 34.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 272 shares of the company’s stock valued at $46,000 after purchasing an additional 69 shares in the last quarter. Avestar Capital LLC increased its holdings in DoorDash by 1.1% during the 4th quarter. Avestar Capital LLC now owns 6,618 shares of the company’s stock valued at $1,110,000 after purchasing an additional 75 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in DoorDash by 0.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,744 shares of the company’s stock valued at $1,970,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 90.64% of the company’s stock.

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.