DoorDash, Inc. to Post Q3 2024 Earnings of $0.19 Per Share, KeyCorp Forecasts (NASDAQ:DASH)

DoorDash, Inc. (NASDAQ:DASH) – Research analysts at KeyCorp issued their Q3 2024 earnings per share (EPS) estimates for DoorDash in a note issued to investors on Wednesday, September 25th. KeyCorp analyst J. Patterson expects that the company will earn $0.19 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $177.00 price target on the stock. The consensus estimate for DoorDash’s current full-year earnings is $0.01 per share. KeyCorp also issued estimates for DoorDash’s Q4 2024 earnings at $0.22 EPS, FY2024 earnings at ($0.03) EPS, FY2025 earnings at $1.42 EPS and FY2026 earnings at $3.17 EPS.

DASH has been the subject of a number of other reports. JPMorgan Chase & Co. increased their target price on DoorDash from $111.00 to $137.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Needham & Company LLC increased their price objective on DoorDash from $137.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Oppenheimer boosted their target price on shares of DoorDash from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Truist Financial upped their target price on shares of DoorDash from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company lifted their price target on shares of DoorDash from $125.00 to $127.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.50.

DoorDash Stock Down 0.6 %

NASDAQ DASH opened at $143.02 on Friday. The stock has a market cap of $58.86 billion, a P/E ratio of -132.43, a PEG ratio of 295.70 and a beta of 1.69. DoorDash has a twelve month low of $69.90 and a twelve month high of $146.36. The company’s 50-day simple moving average is $124.38 and its 200 day simple moving average is $121.86.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.29). DoorDash had a negative net margin of 4.24% and a negative return on equity of 5.91%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the company posted ($0.44) EPS. The company’s quarterly revenue was up 23.3% compared to the same quarter last year.

Insider Activity

In related news, CEO Tony Xu sold 54,166 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $140.06, for a total value of $7,586,489.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other DoorDash news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $105.57, for a total value of $5,278,500.00. Following the completion of the sale, the director now owns 19,982 shares of the company’s stock, valued at $2,109,499.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tony Xu sold 54,166 shares of DoorDash stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $140.06, for a total transaction of $7,586,489.96. The disclosure for this sale can be found here. Insiders have sold a total of 350,223 shares of company stock valued at $41,391,523 in the last 90 days. 7.92% of the stock is owned by company insiders.

Institutional Trading of DoorDash

Several hedge funds have recently added to or reduced their stakes in DASH. ORG Partners LLC grew its stake in DoorDash by 2,108.3% in the first quarter. ORG Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after acquiring an additional 253 shares during the period. Headlands Technologies LLC bought a new position in shares of DoorDash during the 2nd quarter valued at about $32,000. Meeder Asset Management Inc. grew its position in shares of DoorDash by 82.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after purchasing an additional 132 shares during the period. Hollencrest Capital Management acquired a new position in shares of DoorDash in the 1st quarter valued at approximately $42,000. Finally, Versant Capital Management Inc increased its stake in DoorDash by 340.8% during the 2nd quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. Institutional investors and hedge funds own 90.64% 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.