FY2024 EPS Estimates for DoorDash Increased by William Blair

DoorDash, Inc. (NASDAQ:DASH) – William Blair upped their FY2024 earnings per share (EPS) estimates for DoorDash in a research report issued on Wednesday, October 30th. William Blair analyst R. Schackart now expects that the company will earn $0.23 per share for the year, up from their previous forecast of ($0.47). The consensus estimate for DoorDash’s current full-year earnings is $0.01 per share. William Blair also issued estimates for DoorDash’s Q4 2024 earnings at $0.27 EPS, Q1 2025 earnings at $0.34 EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.53 EPS and FY2025 earnings at $1.67 EPS.

DoorDash (NASDAQ:DASH) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. DoorDash had a negative net margin of 1.69% and a negative return on equity of 2.41%. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the firm earned ($0.19) earnings per share. The business’s quarterly revenue was up 25.0% on a year-over-year basis.

Other research analysts have also issued reports about the company. Bank of America upped their price target on DoorDash from $168.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Oppenheimer upped their target price on DoorDash from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Barclays raised their price target on shares of DoorDash from $120.00 to $163.00 and gave the stock an “equal weight” rating in a report on Friday. Jefferies Financial Group upped their price objective on shares of DoorDash from $155.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group lifted their target price on shares of DoorDash from $142.00 to $161.00 and gave the company a “neutral” rating in a research note on Friday. Ten research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.12.

DoorDash Stock Performance

DoorDash stock opened at $157.24 on Monday. The company has a 50 day moving average price of $140.40 and a 200 day moving average price of $124.10. DoorDash has a 52 week low of $83.58 and a 52 week high of $165.07. The firm has a market capitalization of $64.71 billion, a price-to-earnings ratio of -349.42, a P/E/G ratio of 359.82 and a beta of 1.67.

Insider Activity

In other news, CEO Tony Xu sold 81,249 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $147.87, for a total value of $12,014,289.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other DoorDash news, CFO Ravi Inukonda sold 7,000 shares of DoorDash stock in a transaction on Friday, August 30th. The stock was sold at an average price of $127.86, for a total transaction of $895,020.00. Following the completion of the transaction, the chief financial officer now directly owns 396,152 shares of the company’s stock, valued at approximately $50,651,994.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tony Xu sold 81,249 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $147.87, for a total transaction of $12,014,289.63. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 324,539 shares of company stock worth $46,439,330. Company insiders own 7.92% of the company’s stock.

Hedge Funds Weigh In On DoorDash

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DASH. Meeder Asset Management Inc. raised its holdings in shares of DoorDash by 82.0% in the second quarter. Meeder Asset Management Inc. now owns 293 shares of the company’s stock valued at $32,000 after buying an additional 132 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of DoorDash during the second quarter valued at approximately $32,000. Versant Capital Management Inc increased its holdings in shares of DoorDash by 340.8% in the second quarter. Versant Capital Management Inc now owns 335 shares of the company’s stock valued at $36,000 after purchasing an additional 259 shares in the last quarter. ORG Partners LLC raised its position in DoorDash by 2,108.3% in the 1st quarter. ORG Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 253 shares during the last quarter. Finally, Quest Partners LLC lifted its holdings in DoorDash by 146.8% during the 2nd quarter. Quest Partners LLC now owns 343 shares of the company’s stock worth $37,000 after buying an additional 204 shares in the last quarter. 90.64% of the stock is currently owned by institutional investors and hedge funds.

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.