Key Points
- Insider sale: Keith Yandell sold 2,184 DoorDash shares for approximately $438,460 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 1.78% while retaining 120,688 shares.
- Quarterly performance: DoorDash reported $4.45 billion in revenue, up 35.6% year over year and above estimates, but adjusted EPS of $0.46 narrowly missed the $0.47 consensus.
- Analyst outlook remains positive: DoorDash has a “Moderate Buy” consensus rating, with an average price target of $257.47 versus the stock’s reported price of $193.83; institutional investors own 90.64% of shares.
DoorDash, Inc. (NASDAQ:DASH - Get Free Report) insider Keith Yandell sold 2,184 shares of the business's stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $200.76, for a total value of $438,459.84. Following the completion of the sale, the insider directly owned 120,688 shares in the company, valued at approximately $24,229,322.88. This represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
DoorDash Trading Up 0.5%
NASDAQ DASH opened at $193.83 on Tuesday. DoorDash, Inc. has a 12 month low of $143.30 and a 12 month high of $285.50. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The stock's fifty day moving average price is $205.86 and its 200-day moving average price is $180.74. The stock has a market cap of $83.99 billion, a P/E ratio of 101.48 and a beta of 1.79.
DoorDash (NASDAQ:DASH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). The firm had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.34 billion. DoorDash had a return on equity of 8.48% and a net margin of 5.29%.The business's revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 EPS. As a group, equities analysts forecast that DoorDash, Inc. will post 2.51 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have recently commented on DASH. Truist Financial increased their price target on shares of DoorDash from $330.00 to $336.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Cantor Fitzgerald upped their price objective on DoorDash from $230.00 to $260.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Guggenheim reiterated a "buy" rating and set a $255.00 target price on shares of DoorDash in a research note on Tuesday, June 23rd. Wells Fargo & Company increased their target price on DoorDash from $199.00 to $225.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $265.00 target price on shares of DoorDash in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, DoorDash presently has an average rating of "Moderate Buy" and a consensus target price of $257.47.
Read Our Latest Stock Report on DASH
Institutional Trading of DoorDash
A number of large investors have recently made changes to their positions in DASH. Norges Bank purchased a new stake in DoorDash in the fourth quarter worth approximately $1,093,650,000. Janus Henderson Group PLC raised its stake in DoorDash by 40.2% during the 1st quarter. Janus Henderson Group PLC now owns 7,762,553 shares of the company's stock valued at $1,159,377,000 after buying an additional 2,225,954 shares during the last quarter. Temasek Holdings Private Ltd raised its stake in DoorDash by 49.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 3,461,501 shares of the company's stock valued at $519,744,000 after buying an additional 1,145,078 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of DoorDash by 137.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,528,218 shares of the company's stock valued at $229,462,000 after buying an additional 885,122 shares during the period. Finally, Nykredit A S bought a new position in shares of DoorDash during the 2nd quarter valued at $121,724,000. 90.64% of the stock is currently owned by institutional investors.
Key Headlines Impacting DoorDash
Here are the key news stories impacting DoorDash this week:
- Positive Sentiment: New North American delivery partnership: DoorDash reportedly became the official on-demand delivery partner across North America for an unspecified organization or event. The arrangement could increase order volume, customer reach, and brand visibility, although financial details were not disclosed. DoorDash becomes official on-demand delivery partner
- Positive Sentiment: Evidence of local demand and merchant engagement: DoorDash and Borderlands Produce Rescue have delivered 25,000 orders in Arizona, supporting the company’s community-commerce profile and potential for sustained local order activity. The direct financial impact appears limited. Borderlands Produce Rescue and DoorDash deliver 25,000 orders
- Neutral Sentiment: Brand recognition: DoorDash named two Oregon coffee shops among the best in the United States. The publicity may support consumer and merchant awareness but is unlikely to materially change near-term revenue or earnings. DoorDash names Oregon coffee shops among the best in the U.S.
- Neutral Sentiment: Insider stock sale: Director Keith Yandell sold 2,184 shares for approximately $438,460, reducing his holdings by 1.78%. Because the transaction occurred under a pre-arranged Rule 10b5-1 plan and he retained more than 120,000 shares, the sale offers limited insight into management’s current outlook. SEC insider transaction filing
- Negative Sentiment: Driver shooting creates reputational risk: Multiple reports say a DoorDash driver was shot and wounded by an ICE agent in Austin while making a delivery and was later placed in custody. The incident could increase reputational, safety, and legal concerns, but there is currently no indication of a material operational or financial impact on DoorDash. Austin DoorDash driver shooting report
DoorDash Company Profile
(
Get Free Report)
DoorDash, Inc operates a local commerce platform that connects consumers with merchants and independent delivery workers. Its marketplace enables customers to order meals from restaurants as well as groceries, convenience items, alcohol where permitted, and products from other retail businesses through its websites and mobile applications.
The company also provides services designed to support merchants, including delivery logistics, online ordering, marketing, payment processing, and customer-engagement tools.
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