Key Points
- DoorDash COO Prabir Adarkar sold 21,739 shares on May 26 at an average price of $155.25, totaling about $3.37 million. The sale, made under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 2.22%.
- DoorDash recently posted stronger-than-expected earnings, reporting $0.42 EPS versus the $0.36 consensus estimate, while revenue rose 33.1% year over year to $4.04 billion. The company still came in slightly below revenue expectations.
- Business momentum remains mixed but expanding: DoorDash announced a partnership with Dollar Tree to add on-demand delivery from more than 9,000 stores, while analysts maintain a moderate buy outlook with a consensus price target of $259.58. At the same time, the company faces ongoing competition in food delivery and additional insider selling.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) insider Keith Yandell sold 2,643 shares of the firm's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.34, for a total transaction of $410,563.62. Following the completion of the transaction, the insider directly owned 81,106 shares of the company's stock, valued at approximately $12,599,006.04. This trade represents a 3.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
DoorDash Price Performance
Shares of DASH opened at $156.70 on Friday. The company has a market cap of $68.28 billion, a price-to-earnings ratio of 74.62 and a beta of 1.87. DoorDash, Inc. has a 1-year low of $143.30 and a 1-year high of $285.50. The company's fifty day simple moving average is $162.32 and its 200 day simple moving average is $187.51. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.27.
DoorDash (NASDAQ:DASH - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.15 billion. DoorDash had a net margin of 6.29% and a return on equity of 9.58%. The firm's revenue for the quarter was up 33.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 earnings per share. On average, research analysts forecast that DoorDash, Inc. will post 2.45 earnings per share for the current fiscal year.
More DoorDash News
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: DoorDash announced a new partnership with Dollar Tree that will bring on-demand delivery from Dollar Tree’s full U.S. store footprint to the DoorDash app, expanding access to more than 9,000 stores and over 10,000 products. This could boost order volume and deepen DoorDash’s retail delivery business. DoorDash and Dollar Tree Partner to Bring Greater Value and Thrill of the Hunt Discovery On-Demand
- Positive Sentiment: Another report highlighted DoorDash’s growing reach beyond restaurant delivery, including talks in the Middle East alongside the Dollar Tree deal, reinforcing the view that the company is still expanding its addressable market. DoorDash Extends Reach With Middle East Talks And Dollar Tree Deal
- Neutral Sentiment: Commentary about the broader food delivery competition suggests the industry is entering a more aggressive phase, which may support DoorDash’s scale advantage but also implies heavier competition and ongoing pressure to defend market share. The Food Delivery War Just Entered Its Final Phase
- Negative Sentiment: Several insider sales were reported, including trades by COO Prabir Adarkar, General Counsel Tia Sherringham, and Keith Yandell. The sales were under pre-arranged trading plans, but insider selling can still create caution among investors. Prabir Adarkar insider trade
Hedge Funds Weigh In On DoorDash
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. boosted its position in DoorDash by 284.0% during the third quarter. Physician Wealth Advisors Inc. now owns 96 shares of the company's stock worth $26,000 after purchasing an additional 71 shares during the period. MV Capital Management Inc. bought a new position in DoorDash during the fourth quarter worth $26,000. Eastern Bank boosted its position in DoorDash by 714.3% during the fourth quarter. Eastern Bank now owns 114 shares of the company's stock worth $26,000 after purchasing an additional 100 shares during the period. Sunbelt Securities Inc. boosted its position in DoorDash by 124.1% during the third quarter. Sunbelt Securities Inc. now owns 121 shares of the company's stock worth $33,000 after purchasing an additional 67 shares during the period. Finally, Swiss RE Ltd. bought a new position in DoorDash during the fourth quarter worth $28,000. 90.64% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on DASH. Sanford C. Bernstein lowered their target price on shares of DoorDash from $285.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, February 19th. Piper Sandler lowered their target price on shares of DoorDash from $220.00 to $205.00 and set a "neutral" rating on the stock in a report on Thursday, May 7th. Roth Mkm restated a "neutral" rating and set a $200.00 target price on shares of DoorDash in a report on Thursday, February 19th. Weiss Ratings upgraded shares of DoorDash from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, May 13th. Finally, Mizuho lowered their target price on shares of DoorDash from $320.00 to $255.00 and set an "outperform" rating on the stock in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $259.58.
Check Out Our Latest Research Report on DoorDash
DoorDash Company Profile
(
Get Free Report)
DoorDash, Inc operates a technology-driven logistics and food-delivery marketplace that connects consumers, merchants and independent delivery contractors. The company's core service enables customers to order from local restaurants and retailers through its app and website while DoorDash handles last-mile fulfillment via its network of drivers, known as “Dashers.” Over time the platform has broadened beyond restaurant deliveries to include groceries, convenience items and retail deliveries, positioning DoorDash as a broader on-demand logistics provider for consumer goods.
In addition to its marketplace, DoorDash offers a suite of products and services for consumers and businesses.
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