DoorDash (DASH) to Release Earnings on Tuesday

DoorDash (NASDAQ:DASH) is projected to release its earnings data 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 are interested in participating in the company’s earnings conference call can do so using this link.

DoorDash Stock Performance

Shares of DASH stock opened at $195.54 on Monday. The company has a market capitalization of $81.23 billion, a price-to-earnings ratio of -434.53, a PEG ratio of 2.04 and a beta of 1.72. DoorDash has a 52 week low of $99.32 and a 52 week high of $199.17. The company has a 50-day simple moving average of $176.85 and a 200 day simple moving average of $154.79.

Insiders Place Their Bets

In other news, CEO Tony Xu sold 108,332 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $170.25, for a total transaction of $18,443,523.00. Following the transaction, the chief executive officer now owns 1,500 shares of the company’s stock, valued at $255,375. This represents a 98.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Keith Yandell sold 7,980 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $169.98, for a total value of $1,356,440.40. Following the completion of the sale, the insider now directly owns 124,221 shares of the company’s stock, valued at $21,115,085.58. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,040,758 shares of company stock worth $181,434,201. 7.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DASH has been the topic of several research reports. Truist Financial upped their target price on DoorDash from $180.00 to $217.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Evercore ISI increased their price objective on DoorDash from $155.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their target price on shares of DoorDash from $145.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Benchmark upped their price target on shares of DoorDash from $152.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Wells Fargo & Company lifted their price objective on shares of DoorDash from $150.00 to $166.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.