DoorDash (DASH) to Release Earnings on Thursday

DoorDash (NYSE:DASH – Get Rating) will be posting its quarterly earnings results after the market closes on Thursday, May 5th. Analysts expect DoorDash to post earnings of ($0.40) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

DoorDash (NYSE:DASH – Get Rating) last issued its quarterly earnings data on Wednesday, February 16th. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.17). The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company posted ($2.67) earnings per share. DoorDash’s quarterly revenue was up 34.0% on a year-over-year basis. On average, analysts expect DoorDash to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of DoorDash stock opened at $82.22 on Thursday. The firm has a 50-day moving average of $102.06 and a 200-day moving average of $141.15. DoorDash has a 52-week low of $74.32 and a 52-week high of $257.25. The stock has a market cap of $28.65 billion and a PE ratio of -59.15.

In related news, major shareholder Us (Ttgp) Ltd. Sc bought 390,276 shares of the business’s stock in a transaction on Tuesday, March 8th. The shares were purchased at an average cost of $84.65 per share, with a total value of $33,036,863.40. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Tia Sherringham sold 625 shares of the company’s stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $101.49, for a total value of $63,431.25. The disclosure for this sale can be found here. Insiders have sold a total of 428,322 shares of company stock worth $44,623,551 in the last 90 days. 15.54% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its holdings in DoorDash by 163.4% during the 4th quarter. Advisors Asset Management Inc. now owns 1,014 shares of the company’s stock worth $151,000 after purchasing an additional 629 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in DoorDash in the third quarter valued at $294,000. Stifel Financial Corp boosted its position in DoorDash by 92.0% during the fourth quarter. Stifel Financial Corp now owns 4,162 shares of the company’s stock valued at $620,000 after acquiring an additional 1,994 shares during the last quarter. Guggenheim Capital LLC grew its holdings in DoorDash by 27.4% during the 4th quarter. Guggenheim Capital LLC now owns 5,461 shares of the company’s stock worth $813,000 after acquiring an additional 1,174 shares during the period. Finally, Toroso Investments LLC raised its position in shares of DoorDash by 20.9% in the 4th quarter. Toroso Investments LLC now owns 7,179 shares of the company’s stock worth $1,069,000 after acquiring an additional 1,240 shares in the last quarter. Institutional investors and hedge funds own 75.44% of the company’s stock.

DASH has been the subject of several analyst reports. Bank of America cut their price objective on shares of DoorDash from $220.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 17th. Mizuho cut their price target on DoorDash from $205.00 to $150.00 and set a “neutral” rating for the company in a research note on Tuesday, February 8th. Truist Financial lowered their price objective on DoorDash from $260.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, February 17th. Susquehanna Bancshares dropped their price objective on DoorDash from $260.00 to $145.00 and set a “positive” rating for the company in a report on Thursday, February 17th. Finally, Susquehanna reduced their target price on DoorDash from $260.00 to $145.00 and set a “positive” rating on the stock in a report on Thursday, February 17th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, DoorDash presently has a consensus rating of “Buy” and a consensus price target of $175.75.

About DoorDash (Get Rating)

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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