DoorDash (NASDAQ:DASH) Posts Earnings Results, Beats Estimates By $0.01 EPS

DoorDash (NASDAQ:DASH - Get Free Report) issued its earnings results on Wednesday. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01, Briefing.com reports. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.45 billion. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The company's quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.41) earnings per share.

DoorDash Trading Down 10.3 %

Shares of DASH traded down $13.15 during midday trading on Thursday, reaching $114.31. The stock had a trading volume of 22,133,461 shares, compared to its average volume of 3,878,332. The company has a market capitalization of $46.18 billion, a price-to-earnings ratio of -78.87, a price-to-earnings-growth ratio of 14.38 and a beta of 1.78. The company's 50-day moving average is $132.16 and its 200 day moving average is $109.84. DoorDash has a 12-month low of $60.36 and a 12-month high of $143.34.

Analysts Set New Price Targets

Several research firms recently commented on DASH. Mizuho raised their price objective on shares of DoorDash from $140.00 to $152.00 and gave the stock a "buy" rating in a report on Friday, February 16th. Loop Capital assumed coverage on DoorDash in a report on Friday, April 19th. They issued a "buy" rating and a $170.00 price target for the company. Roth Mkm decreased their price objective on DoorDash from $121.00 to $118.00 and set a "neutral" rating on the stock in a research note on Thursday. Jefferies Financial Group raised DoorDash from a "hold" rating to a "buy" rating and increased their price objective for the stock from $90.00 to $130.00 in a report on Monday, January 8th. Finally, JPMorgan Chase & Co. lifted their target price on DoorDash from $108.00 to $111.00 and gave the company a "neutral" rating in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $129.40.

Insider Buying and Selling at DoorDash

In related news, Director Shona L. Brown sold 700 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $109.71, for a total transaction of $76,797.00. Following the transaction, the director now owns 71,514 shares of the company's stock, valued at approximately $7,845,800.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other DoorDash news, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total value of $76,797.00. Following the transaction, the director now directly owns 71,514 shares of the company's stock, valued at approximately $7,845,800.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andy Fang sold 66,195 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $139.31, for a total transaction of $9,221,625.45. Following the sale, the director now directly owns 36,482 shares of the company's stock, valued at approximately $5,082,307.42. The disclosure for this sale can be found here. Insiders have sold 487,782 shares of company stock worth $64,046,807 over the last ninety days. Insiders own 9.59% 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.