Cantor Fitzgerald Increases Earnings Estimates for DoorDash

DoorDash, Inc. (NASDAQ:DASH - Free Report) - Stock analysts at Cantor Fitzgerald increased their FY2025 earnings per share estimates for shares of DoorDash in a report issued on Tuesday, January 28th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the company will post earnings per share of $1.26 for the year, up from their prior estimate of $1.25. Cantor Fitzgerald currently has a "Overweight" rating and a $200.00 price target on the stock. The consensus estimate for DoorDash's current full-year earnings is $0.29 per share.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.17. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.66 billion. DoorDash had a negative return on equity of 2.41% and a negative net margin of 1.69%. The business's revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.19) earnings per share.

A number of other brokerages also recently commented on DASH. DA Davidson upped their target price on shares of DoorDash from $119.00 to $150.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. increased their price objective on DoorDash from $137.00 to $155.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Evercore ISI lifted their target price on DoorDash from $155.00 to $200.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Truist Financial raised their price target on DoorDash from $180.00 to $217.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Finally, Argus raised shares of DoorDash from a "hold" rating to a "buy" rating in a research note on Friday, December 20th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $178.18.

DoorDash Trading Up 1.5 %

Shares of NASDAQ DASH traded up $2.79 during mid-day trading on Wednesday, reaching $188.57. The company had a trading volume of 2,089,540 shares, compared to its average volume of 2,555,522. The stock has a market cap of $78.33 billion, a price-to-earnings ratio of -419.04, a price-to-earnings-growth ratio of 1.85 and a beta of 1.71. DoorDash has a 52 week low of $99.32 and a 52 week high of $189.23. The business's 50-day moving average is $174.76 and its 200-day moving average is $150.11.

Insiders Place Their Bets

In other DoorDash news, CFO Ravi Inukonda sold 1,425 shares of DoorDash stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the completion of the transaction, the chief financial officer now owns 366,993 shares in the company, valued at approximately $67,233,117.60. This trade represents a 0.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Prabir Adarkar sold 20,000 shares of the company's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total value of $3,616,600.00. Following the completion of the sale, the chief operating officer now owns 925,222 shares in the company, valued at $167,307,894.26. The trade was a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,040,758 shares of company stock valued at $181,434,201. 7.92% of the stock is owned by insiders.

Institutional Investors Weigh In On DoorDash

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP increased its stake in shares of DoorDash by 26.9% in the 4th quarter. Allworth Financial LP now owns 840 shares of the company's stock valued at $149,000 after purchasing an additional 178 shares in the last quarter. Principal Securities Inc. grew its holdings in DoorDash by 41.6% in the fourth quarter. Principal Securities Inc. now owns 3,020 shares of the company's stock valued at $507,000 after purchasing an additional 887 shares during the period. Everhart Financial Group Inc. grew its holdings in DoorDash by 5.3% in the fourth quarter. Everhart Financial Group Inc. now owns 4,567 shares of the company's stock valued at $766,000 after purchasing an additional 231 shares during the period. Rhumbline Advisers increased its position in shares of DoorDash by 4.3% in the fourth quarter. Rhumbline Advisers now owns 513,648 shares of the company's stock valued at $86,164,000 after buying an additional 21,228 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new position in shares of DoorDash during the 4th quarter worth approximately $1,275,000. Institutional investors and hedge funds 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.