DoorDash (DASH) Projected to Post Earnings on Tuesday

DoorDash (NASDAQ:DASH) is expected to be releasing its earnings data 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

DoorDash Stock Performance

DASH opened at $190.80 on Tuesday. DoorDash has a one year low of $99.32 and a one year high of $192.78. The stock’s fifty day moving average is $175.53 and its 200-day moving average is $152.23. The company has a market capitalization of $79.26 billion, a PE ratio of -424.00, a P/E/G ratio of 1.97 and a beta of 1.71.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on DASH shares. Wolfe Research lifted their price target on DoorDash from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Evercore ISI lifted their price target on DoorDash from $155.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Wells Fargo & Company lifted their price target on DoorDash from $150.00 to $166.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. BMO Capital Markets boosted their target price on DoorDash from $140.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their target price on DoorDash from $161.00 to $192.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Nine analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, DoorDash currently has an average rating of “Moderate Buy” and an average price target of $179.39.

Insider Buying and Selling at DoorDash

In other DoorDash news, CEO Tony Xu sold 108,332 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $170.25, for a total value of $18,443,523.00. Following the sale, the chief executive officer now owns 1,500 shares in the company, valued at approximately $255,375. This represents a 98.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Keith Yandell sold 7,980 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $169.98, for a total transaction of $1,356,440.40. Following the completion of the sale, the insider now owns 124,221 shares in the company, valued at approximately $21,115,085.58. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,040,758 shares of company stock worth $181,434,201. 7.92% of the stock is currently owned by company 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.