FY2025 EPS Estimates for DoorDash Cut by Cantor Fitzgerald

DoorDash, Inc. (NASDAQ:DASH - Free Report) - Cantor Fitzgerald dropped their FY2025 earnings estimates for DoorDash in a research report issued to clients and investors on Wednesday, April 16th. Cantor Fitzgerald analyst D. Mathivanan now expects that the company will post earnings of $1.48 per share for the year, down from their prior estimate of $1.56. Cantor Fitzgerald currently has a "Overweight" rating and a $210.00 target price on the stock. The consensus estimate for DoorDash's current full-year earnings is $2.22 per share.

DASH has been the topic of a number of other reports. KeyCorp reduced their price objective on shares of DoorDash from $240.00 to $230.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Piper Sandler reaffirmed a "neutral" rating and issued a $210.00 target price (up previously from $160.00) on shares of DoorDash in a report on Wednesday, February 12th. Bank of America lowered their price target on DoorDash from $245.00 to $235.00 and set a "buy" rating for the company in a report on Monday, April 7th. Susquehanna lifted their target price on DoorDash from $180.00 to $235.00 and gave the company a "positive" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley reduced their price target on shares of DoorDash from $245.00 to $210.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Ten investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $208.88.

DoorDash Price Performance

DoorDash stock traded up $6.09 during mid-day trading on Friday, reaching $182.70. 1,348,979 shares of the company were exchanged, compared to its average volume of 4,237,549. The company has a fifty day simple moving average of $187.74 and a 200-day simple moving average of $177.09. The firm has a market cap of $76.75 billion, a PE ratio of 676.67 and a beta of 1.69. DoorDash has a 12 month low of $99.32 and a 12 month high of $215.25.

Insider Buying and Selling at DoorDash

In related news, COO Prabir Adarkar sold 20,000 shares of the business's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $185.58, for a total transaction of $3,711,600.00. Following the transaction, the chief operating officer now directly owns 887,348 shares in the company, valued at approximately $164,674,041.84. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stanley Tang sold 45,410 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $181.21, for a total value of $8,228,746.10. Following the completion of the transaction, the director now owns 18,285 shares in the company, valued at $3,313,424.85. The trade was a 71.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 158,511 shares of company stock worth $30,308,544. Insiders own 7.92% of the company's stock.

Hedge Funds Weigh In On DoorDash

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in DoorDash in the fourth quarter valued at approximately $597,443,000. Capital World Investors lifted its position in shares of DoorDash by 26.4% during the 4th quarter. Capital World Investors now owns 12,153,265 shares of the company's stock valued at $2,038,712,000 after buying an additional 2,538,160 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of DoorDash by 67.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,654,891 shares of the company's stock worth $780,858,000 after acquiring an additional 1,869,866 shares during the period. Franklin Resources Inc. increased its holdings in DoorDash by 25.0% in the 4th quarter. Franklin Resources Inc. now owns 4,749,810 shares of the company's stock worth $796,781,000 after acquiring an additional 949,414 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in DoorDash in the 4th quarter valued at about $146,094,000. Institutional investors own 90.64% of the company's stock.

About DoorDash

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.