DoorDash, Inc. (NYSE:DASH – Get Rating) – Analysts at Zacks Research issued their Q1 2023 earnings per share (EPS) estimates for shares of DoorDash in a research report issued on Monday, April 24th. Zacks Research analyst A. Ganguly forecasts that the company will post earnings of ($0.51) per share for the quarter. The consensus estimate for DoorDash’s current full-year earnings is ($2.14) per share. Zacks Research also issued estimates for DoorDash’s Q2 2023 earnings at ($0.61) EPS, Q3 2023 earnings at ($0.60) EPS, Q4 2023 earnings at ($0.53) EPS, FY2023 earnings at ($2.24) EPS, Q1 2024 earnings at ($0.54) EPS, Q2 2024 earnings at ($0.52) EPS, Q3 2024 earnings at ($0.47) EPS, Q4 2024 earnings at ($0.43) EPS, FY2024 earnings at ($1.96) EPS, Q1 2025 earnings at ($0.22) EPS and FY2025 earnings at ($0.45) EPS.
A number of other brokerages also recently issued reports on DASH. Jefferies Financial Group assumed coverage on DoorDash in a research report on Monday, January 9th. They set an “underperform” rating and a $37.00 price target on the stock. Wells Fargo & Company increased their target price on DoorDash from $71.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, February 17th. Morgan Stanley increased their price target on DoorDash from $62.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, February 17th. Barclays increased their price target on DoorDash from $60.00 to $70.00 in a report on Friday, February 17th. Finally, Roth Mkm assumed coverage on DoorDash in a report on Friday, April 21st. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $80.95.
DoorDash Trading Up 1.2 %
DoorDash (NYSE:DASH – Get Rating) last issued its earnings results on Thursday, February 16th. The company reported ($0.63) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.07. DoorDash had a negative return on equity of 15.12% and a negative net margin of 20.74%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.77 billion.
Institutional Investors Weigh In On DoorDash
A number of institutional investors have recently made changes to their positions in the company. Elequin Securities LLC bought a new position in DoorDash during the 4th quarter worth $25,000. Wipfli Financial Advisors LLC acquired a new position in DoorDash during the 3rd quarter worth $25,000. Riverview Trust Co acquired a new position in DoorDash during the 4th quarter worth $29,000. Sentry Investment Management LLC acquired a new position in DoorDash during the 3rd quarter worth $33,000. Finally, UMB Bank n.a. boosted its position in DoorDash by 42.3% during the 4th quarter. UMB Bank n.a. now owns 703 shares of the company’s stock worth $34,000 after acquiring an additional 209 shares during the period. 72.65% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other DoorDash news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $53.07, for a total value of $7,021,161.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Tony Xu sold 132,300 shares of DoorDash stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $53.07, for a total value of $7,021,161.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Keith Yandell sold 10,997 shares of DoorDash stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $70.00, for a total value of $769,790.00. Following the completion of the transaction, the insider now directly owns 213,650 shares in the company, valued at $14,955,500. The disclosure for this sale can be found here. In the last quarter, insiders sold 738,381 shares of company stock worth $42,601,150. 12.10% of the stock is owned by corporate insiders.
DoorDash Company Profile
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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