DoorDash (NASDAQ:DASH) Issues Earnings Results, Misses Expectations By $0.01 EPS

DoorDash (NASDAQ:DASH) announced its earnings results on Tuesday. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01), Zacks reports. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%.

DoorDash Stock Up 0.2 %

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

Insider Activity

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 1,500 shares of the company’s stock, valued at $255,375. The trade was a 98.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ravi Inukonda sold 1,425 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the completion of the sale, the chief financial officer now owns 366,993 shares in the company, valued at $67,233,117.60. The trade was a 0.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,040,758 shares of company stock valued at $181,434,201. Company insiders own 7.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DASH shares. Truist Financial lifted their price target on shares of DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Loop Capital boosted their price target on DoorDash from $170.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Bank of America raised their price objective on DoorDash from $172.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. UBS Group upped their target price on DoorDash from $182.00 to $200.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group raised their price target on DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.82.

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.