Cantor Fitzgerald Forecasts Stronger Earnings for DoorDash

DoorDash, Inc. (NASDAQ:DASH) – Equities research analysts at Cantor Fitzgerald lifted their FY2025 earnings per share estimates for shares of DoorDash in a research report issued on Wednesday, February 12th. Cantor Fitzgerald analyst D. Mathivanan now anticipates that the company will post earnings per share of $1.56 for the year, up from their prior forecast of $1.26. Cantor Fitzgerald has a “Overweight” rating and a $230.00 price objective on the stock. The consensus estimate for DoorDash’s current full-year earnings is $0.29 per share.

DASH has been the subject of a number of other research reports. Wolfe Research raised their price objective on DoorDash from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Argus upgraded DoorDash from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Truist Financial raised their price objective on DoorDash from $217.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday. Susquehanna raised their price objective on DoorDash from $180.00 to $235.00 and gave the stock a “positive” rating in a research report on Thursday. Finally, Bank of America raised their price objective on DoorDash from $205.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $205.45.

DoorDash Stock Up 2.4 %

DASH opened at $205.64 on Friday. The stock’s 50 day moving average price is $178.59 and its two-hundred day moving average price is $156.71. DoorDash has a 12-month low of $99.32 and a 12-month high of $206.00.

Institutional Trading of DoorDash

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rakuten Securities Inc. raised its holdings in shares of DoorDash by 302.3% in the third quarter. Rakuten Securities Inc. now owns 173 shares of the company’s stock valued at $25,000 after purchasing an additional 130 shares during the last quarter. Pittenger & Anderson Inc. acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $29,000. Denver PWM LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $30,000. Princeton Global Asset Management LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $34,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of DoorDash in the fourth quarter valued at approximately $36,000. 90.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Ravi Inukonda sold 1,425 shares of the company’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $183.20, for a total value of $261,060.00. Following the completion of the transaction, the chief financial officer now directly owns 366,993 shares of the company’s stock, valued at approximately $67,233,117.60. This represents a 0.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Prabir Adarkar sold 20,000 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $180.83, for a total transaction of $3,616,600.00. Following the completion of the transaction, the chief operating officer now directly owns 925,222 shares of the company’s stock, valued at approximately $167,307,894.26. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 932,426 shares of company stock worth $162,990,678 over the last ninety days. Company insiders own 7.92% 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.