DoorDash (DASH) Expected to Announce Earnings on Tuesday

DoorDash (NASDAQ:DASH) will likely be posting its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect DoorDash to post earnings of $0.34 per share and revenue of $2.85 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

DoorDash Stock Down 0.5 %

DASH stock opened at $195.54 on Monday. DoorDash has a twelve month low of $99.32 and a twelve month high of $199.17. The company has a market cap of $81.23 billion, a P/E ratio of -434.53, a PEG ratio of 2.04 and a beta of 1.72. The business has a fifty day moving average of $176.85 and a 200-day moving average of $154.79.

Insider Transactions at DoorDash

In other news, CEO Tony Xu sold 108,332 shares of DoorDash stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $170.25, for a total value of $18,443,523.00. Following the completion of the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $255,375. This trade represents a 98.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $183.20, for a total transaction of $261,060.00. Following the completion of the sale, the chief financial officer now directly owns 366,993 shares in the company, valued at approximately $67,233,117.60. The trade was a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,040,758 shares of company stock worth $181,434,201 in the last 90 days. Corporate insiders own 7.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DASH shares. Evercore ISI upped their target price on shares of DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Argus raised shares of DoorDash from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Wolfe Research upped their target price on shares of DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Truist Financial raised their price target on DoorDash from $180.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. upped their price objective on DoorDash from $137.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat, DoorDash presently has a consensus rating of “Moderate Buy” and an average target price of $179.39.

DoorDash Company Profile

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.