DoorDash (DASH) to Release Earnings on Tuesday

DoorDash (NASDAQ:DASH - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.34 per share and revenue of $2.85 billion for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

DoorDash Price Performance

DoorDash stock traded down $0.91 during mid-day trading on Friday, hitting $195.54. 2,998,658 shares of the company were exchanged, compared to its average volume of 2,571,309. DoorDash has a 12-month low of $99.32 and a 12-month high of $199.17. The business's 50 day simple moving average is $176.85 and its two-hundred day simple moving average is $154.09. The company has a market capitalization of $81.23 billion, a P/E ratio of -434.53, a PEG ratio of 1.97 and a beta of 1.72.

Insider Transactions at DoorDash

In related news, Director Andy Fang sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $172.67, for a total value of $8,633,500.00. Following the sale, the director now owns 18,089 shares of the company's stock, valued at approximately $3,123,427.63. This trade represents a 73.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tony Xu sold 108,332 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $170.25, for a total value of $18,443,523.00. Following the completion of the sale, the chief executive officer now directly owns 1,500 shares in the company, valued at $255,375. This represents a 98.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,040,758 shares of company stock valued at $181,434,201. 7.92% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Benchmark boosted their target price 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. Susquehanna upped their price objective on shares of DoorDash from $140.00 to $180.00 and gave the company a "positive" rating in a research note on Friday, November 1st. KeyCorp lifted their target price on shares of DoorDash from $180.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Morgan Stanley boosted their price target on DoorDash from $160.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, January 13th. Finally, JMP Securities restated a "market outperform" rating and set a $200.00 price objective on shares of DoorDash in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat, DoorDash 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.