Seaport Res Ptn Analysts Cut Earnings Estimates for DoorDash, Inc. (NASDAQ:DASH)

DoorDash, Inc. (NASDAQ:DASH) – Equities researchers at Seaport Res Ptn decreased their FY2025 earnings per share estimates for DoorDash in a report released on Wednesday, May 1st. Seaport Res Ptn analyst A. Kessler now anticipates that the company will earn $1.27 per share for the year, down from their prior forecast of $1.41. The consensus estimate for DoorDash’s current full-year earnings is $0.21 per share.

Other equities analysts have also recently issued research reports about the company. Benchmark cut their price objective on DoorDash from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company upped their price target on DoorDash from $100.00 to $125.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Mizuho raised their price objective on shares of DoorDash from $140.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Loop Capital began coverage on shares of DoorDash in a research note on Friday, April 19th. They set a “buy” rating and a $170.00 target price for the company. Finally, Roth Mkm reduced their price target on shares of DoorDash from $121.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday. Nine analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.96.

DoorDash Price Performance

DoorDash stock opened at $113.81 on Friday. The firm has a market cap of $45.98 billion, a price-to-earnings ratio of -105.38, a P/E/G ratio of 13.13 and a beta of 1.78. The firm has a fifty day moving average price of $131.86 and a two-hundred day moving average price of $110.13. DoorDash has a fifty-two week low of $60.36 and a fifty-two week high of $143.34.

DoorDash (NASDAQ:DASH) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.45 billion. DoorDash had a negative net margin of 4.61% and a negative return on equity of 6.28%. DoorDash’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.41) earnings per share.

Hedge Funds Weigh In On DoorDash

Institutional investors have recently modified their holdings of the stock. Spire Wealth Management bought a new stake in shares of DoorDash during the first quarter valued at approximately $25,000. Fifth Third Bancorp boosted its position in DoorDash by 448.8% in the 3rd quarter. Fifth Third Bancorp now owns 439 shares of the company’s stock valued at $35,000 after buying an additional 359 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of DoorDash by 54.5% in the 1st quarter. Venturi Wealth Management LLC now owns 255 shares of the company’s stock valued at $35,000 after buying an additional 90 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of DoorDash by 361.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 392 shares of the company’s stock valued at $39,000 after buying an additional 307 shares during the period. Finally, Covestor Ltd raised its position in shares of DoorDash by 101.2% during the third quarter. Covestor Ltd now owns 503 shares of the company’s stock worth $40,000 after acquiring an additional 253 shares during the last quarter. 90.64% of the stock is owned by institutional investors.

Insider Activity at DoorDash

In other news, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $109.71, for a total value of $76,797.00. Following the completion of the transaction, the director now owns 71,514 shares in the company, valued at $7,845,800.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Shona L. Brown sold 700 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total transaction of $76,797.00. Following the sale, the director now owns 71,514 shares in the company, valued at $7,845,800.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Tia Sherringham sold 1,880 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $120.15, for a total value of $225,882.00. Following the completion of the sale, the general counsel now owns 217,260 shares of the company’s stock, valued at $26,103,789. The disclosure for this sale can be found here. Insiders sold 487,782 shares of company stock valued at $64,046,807 in 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.