DoorDash (NYSE:DASH) Posts Quarterly Earnings Results, Misses Estimates By $0.33 EPS

DoorDash (NYSE:DASHGet Rating) released its quarterly earnings data on Thursday. The company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.33), Briefing.com reports. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.52 billion. DoorDash had a negative net margin of 12.16% and a negative return on equity of 14.72%. DoorDash’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.30) EPS.

DoorDash Trading Down 1.3 %

DASH stock traded down $1.07 during trading on Friday, hitting $80.29. The company had a trading volume of 18,313,019 shares, compared to its average volume of 4,832,228. The stock has a market cap of $28.20 billion, a PE ratio of -41.17 and a beta of 1.18. DoorDash has a one year low of $56.67 and a one year high of $257.25. The business has a 50-day moving average of $70.35 and a 200-day moving average of $86.76.

Insider Activity

In related news, CFO Prabir Adarkar sold 63,213 shares of DoorDash stock in a transaction on Friday, May 20th. The shares were sold at an average price of $64.48, for a total transaction of $4,075,974.24. Following the completion of the transaction, the chief financial officer now owns 849,179 shares of the company’s stock, valued at $54,755,061.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Shona L. Brown sold 1,250 shares of the business’s stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $69.33, for a total transaction of $86,662.50. Following the transaction, the director now owns 89,778 shares in the company, valued at approximately $6,224,308.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Prabir Adarkar sold 63,213 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $64.48, for a total transaction of $4,075,974.24. Following the completion of the sale, the chief financial officer now owns 849,179 shares of the company’s stock, valued at $54,755,061.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,358 shares of company stock valued at $12,609,622. 15.54% of the stock is currently owned by insiders.

Institutional Trading of DoorDash

Several large investors have recently made changes to their positions in DASH. US Bancorp DE boosted its holdings in DoorDash by 204.6% in the first quarter. US Bancorp DE now owns 926 shares of the company’s stock worth $109,000 after acquiring an additional 622 shares in the last quarter. Advisors Asset Management Inc. increased its stake in DoorDash by 78.1% during the 1st quarter. Advisors Asset Management Inc. now owns 1,806 shares of the company’s stock valued at $212,000 after purchasing an additional 792 shares in the last quarter. Prudential PLC acquired a new position in DoorDash during the first quarter worth $232,000. Captrust Financial Advisors lifted its stake in shares of DoorDash by 5,485.7% in the first quarter. Captrust Financial Advisors now owns 2,346 shares of the company’s stock valued at $275,000 after buying an additional 2,304 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of DoorDash by 305.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,553 shares of the company’s stock valued at $415,000 after buying an additional 2,677 shares during the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of DoorDash from $80.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday. Morgan Stanley assumed coverage on DoorDash in a research report on Monday, April 25th. They set an “equal weight” rating and a $100.00 price target for the company. Mizuho lowered their price target on DoorDash from $150.00 to $100.00 in a research report on Friday, May 6th. Royal Bank of Canada increased their price objective on DoorDash from $94.00 to $100.00 in a report on Friday. Finally, Needham & Company LLC increased their price target on shares of DoorDash from $100.00 to $115.00 in a research note on Friday. Ten analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.62.

About DoorDash

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DoorDash, Inc operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash marketplace, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; and offers DoorDash Drive, a white-label logistics service; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce.

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Earnings History for DoorDash (NYSE:DASH)

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