DoorDash (DASH) Projected to Post Earnings on Tuesday

DoorDash (NASDAQ:DASH) will likely be posting its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect DoorDash to post earnings of $0.34 per share and revenue of $2.85 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

DoorDash Stock Up 1.0 %

Shares of DoorDash stock opened at $190.80 on Tuesday. The firm’s 50 day moving average price is $175.53 and its 200-day moving average price is $152.23. DoorDash has a 52-week low of $99.32 and a 52-week high of $192.78. The company has a market cap of $79.26 billion, a P/E ratio of -424.00, a PEG ratio of 1.97 and a beta of 1.71.

Wall Street Analysts Forecast Growth

DASH has been the topic of a number of analyst reports. DA Davidson lifted their price objective on shares of DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. UBS Group lifted their price objective on shares of DoorDash from $182.00 to $200.00 and gave the stock a “neutral” rating in a research report on Monday. Citigroup lifted their price objective on shares of DoorDash from $155.00 to $211.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Jefferies Financial Group boosted their target price on shares of DoorDash from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Wolfe Research boosted their target price on shares of DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $179.39.

Insider Transactions at DoorDash

In related news, Director Andy Fang sold 50,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $172.67, for a total transaction of $8,633,500.00. Following the completion of the sale, the director now owns 18,089 shares of the company’s stock, valued at approximately $3,123,427.63. This represents a 73.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ravi Inukonda sold 1,425 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $183.20, for a total transaction of $261,060.00. Following the sale, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. This trade represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,040,758 shares of company stock valued at $181,434,201 in the last 90 days. 7.92% of the stock is currently owned by insiders.

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.