DoorDash (DASH) to Release Earnings on Wednesday

DoorDash (NASDAQ:DASH) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect DoorDash to post earnings of ($0.07) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.24). DoorDash had a negative return on equity of 8.49% and a negative net margin of 6.46%. The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the firm posted ($0.63) earnings per share. The company’s quarterly revenue was up 26.7% on a year-over-year basis. On average, analysts expect DoorDash to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DoorDash Trading Up 3.1 %

DASH stock opened at $132.11 on Monday. DoorDash has a 12-month low of $57.39 and a 12-month high of $143.34. The stock has a market cap of $53.37 billion, a price-to-earnings ratio of -92.38, a PEG ratio of 14.70 and a beta of 1.79. The business’s 50-day moving average is $131.30 and its 200 day moving average is $108.97.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DASH. Deutsche Bank Aktiengesellschaft boosted their target price on DoorDash from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Roth Mkm lifted their price target on shares of DoorDash from $92.00 to $109.00 and gave the company a “neutral” rating in a research report on Friday, January 19th. Piper Sandler raised shares of DoorDash from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $53.00 to $127.00 in a research report on Friday, March 15th. Jefferies Financial Group raised shares of DoorDash from a “hold” rating to a “buy” rating and lifted their price target for the company from $90.00 to $130.00 in a research report on Monday, January 8th. Finally, Wedbush lifted their price target on shares of DoorDash from $92.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, February 16th. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.52.

Insiders Place Their Bets

In related news, CEO Tony Xu sold 132,300 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total transaction of $17,663,373.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Tony Xu sold 132,300 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total transaction of $17,663,373.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ravi Inukonda sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $109.73, for a total transaction of $548,650.00. Following the transaction, the chief financial officer now owns 414,738 shares of the company’s stock, valued at approximately $45,509,200.74. The disclosure for this sale can be found here. Insiders sold a total of 497,282 shares of company stock worth $64,885,042 over the last 90 days. Corporate 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.