Cantor Fitzgerald Expects Reduced Earnings for DoorDash

DoorDash, Inc. (NASDAQ:DASH) – Equities researchers at Cantor Fitzgerald cut their FY2025 earnings estimates for DoorDash in a research note issued to investors on Wednesday, April 16th. Cantor Fitzgerald analyst D. Mathivanan now expects that the company will earn $1.48 per share for the year, down from their previous estimate of $1.56. Cantor Fitzgerald currently has a “Overweight” rating and a $210.00 price target on the stock. The consensus estimate for DoorDash’s current full-year earnings is $2.22 per share.

Other research analysts also recently issued research reports about the company. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a report on Friday, December 20th. Piper Sandler restated a “neutral” rating and set a $210.00 target price (up previously from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Susquehanna lifted their price target on shares of DoorDash from $180.00 to $235.00 and gave the company a “positive” rating in a report on Thursday, February 13th. BMO Capital Markets restated an “outperform” rating and issued a $240.00 price objective (up from $180.00) on shares of DoorDash in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. cut their target price on shares of DoorDash from $205.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.88.

DoorDash Stock Performance

NASDAQ:DASH opened at $181.24 on Friday. DoorDash has a fifty-two week low of $99.32 and a fifty-two week high of $215.25. The business has a 50 day moving average price of $188.90 and a 200-day moving average price of $176.44. The firm has a market cap of $76.14 billion, a PE ratio of 671.26 and a beta of 1.69.

Insider Transactions at DoorDash

In related news, Director Stanley Tang sold 45,410 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $181.21, for a total value of $8,228,746.10. Following the transaction, the director now owns 18,285 shares of the company’s stock, valued at approximately $3,313,424.85. This trade represents a 71.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Tia Sherringham sold 12,088 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $203.45, for a total transaction of $2,459,303.60. Following the sale, the general counsel now directly owns 122,135 shares of the company’s stock, valued at approximately $24,848,365.75. This represents a 9.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 158,511 shares of company stock worth $30,308,544 in the last ninety days. Insiders own 7.92% of the company’s stock.

Institutional Trading of DoorDash

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sagespring Wealth Partners LLC purchased a new position in shares of DoorDash during the 1st quarter valued at about $430,000. Sowell Financial Services LLC bought a new stake in DoorDash during the 1st quarter worth approximately $222,000. Mission Wealth Management LP purchased a new position in DoorDash during the first quarter valued at approximately $212,000. Optas LLC bought a new position in shares of DoorDash in the first quarter worth approximately $233,000. Finally, Brighton Jones LLC boosted its position in shares of DoorDash by 5.3% in the first quarter. Brighton Jones LLC now owns 9,829 shares of the company’s stock worth $1,796,000 after purchasing an additional 493 shares during the period. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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.