DoorDash, Inc. (NASDAQ:DASH - Free Report) - Stock analysts at Wedbush raised their FY2025 earnings estimates for shares of DoorDash in a research note issued on Wednesday, August 6th. Wedbush analyst S. Devitt now expects that the company will earn $2.39 per share for the year, up from their prior estimate of $1.96. The consensus estimate for DoorDash's current full-year earnings is $2.22 per share.
DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.23. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.16 billion. DoorDash had a net margin of 6.57% and a return on equity of 9.56%. The firm's quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.38) EPS.
A number of other research analysts have also issued reports on the stock. Benchmark upped their target price on shares of DoorDash from $260.00 to $315.00 and gave the company a "buy" rating in a report on Thursday, August 7th. KeyCorp reissued an "overweight" rating and issued a $325.00 target price (up from $295.00) on shares of DoorDash in a research report on Thursday, August 7th. Cantor Fitzgerald reissued an "overweight" rating and issued a $260.00 target price (up from $210.00) on shares of DoorDash in a research report on Wednesday, June 25th. Evercore ISI reissued an "outperform" rating and issued a $360.00 target price (up from $240.00) on shares of DoorDash in a research report on Friday. Finally, Sanford C. Bernstein raised their target price on shares of DoorDash from $210.00 to $265.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Twelve analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $263.88.
Read Our Latest Research Report on DASH
DoorDash Trading Up 3.2%
NASDAQ:DASH traded up $8.23 on Monday, reaching $264.32. The stock had a trading volume of 2,901,608 shares, compared to its average volume of 3,512,350. The company has a market cap of $112.00 billion, a price-to-earnings ratio of 146.85 and a beta of 1.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.07 and a quick ratio of 2.07. The firm's fifty day moving average is $237.98 and its two-hundred day moving average is $207.72. DoorDash has a 12-month low of $122.32 and a 12-month high of $278.15.
Institutional Trading of DoorDash
Several institutional investors have recently added to or reduced their stakes in DASH. Saudi Central Bank bought a new stake in DoorDash during the first quarter valued at $25,000. WPG Advisers LLC bought a new stake in DoorDash during the first quarter valued at $26,000. Pacific Center for Financial Services bought a new stake in DoorDash during the first quarter valued at $27,000. GFG Capital LLC bought a new stake in DoorDash during the second quarter valued at $30,000. Finally, Harbour Investments Inc. increased its stake in DoorDash by 55.6% during the first quarter. Harbour Investments Inc. now owns 196 shares of the company's stock valued at $36,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 90.64% of the company's stock.
Insiders Place Their Bets
In related news, Director Stanley Tang sold 45,410 shares of DoorDash stock in a transaction on Friday, August 1st. The shares were sold at an average price of $247.11, for a total value of $11,221,265.10. Following the completion of the sale, the director owned 26,070 shares in the company, valued at approximately $6,442,157.70. The trade was a 63.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Shona L. Brown sold 1,650 shares of DoorDash stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $272.00, for a total transaction of $448,800.00. Following the completion of the sale, the director owned 41,827 shares of the company's stock, valued at approximately $11,376,944. This trade represents a 3.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 635,187 shares of company stock valued at $147,955,804. 5.83% of the stock is owned by insiders.
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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