Q4 Earnings Estimate for DoorDash Issued By Roth Capital

DoorDash, Inc. (NASDAQ:DASH) – Equities research analysts at Roth Capital issued their Q4 2024 earnings per share estimates for DoorDash in a report released on Thursday, October 31st. Roth Capital analyst R. Kulkarni anticipates that the company will post earnings per share of $0.38 for the quarter. The consensus estimate for DoorDash’s current full-year earnings is $0.17 per share. Roth Capital also issued estimates for DoorDash’s Q1 2025 earnings at $0.55 EPS, Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.60 EPS and Q4 2025 earnings at $0.70 EPS.

DoorDash (NASDAQ:DASH) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share (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 business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.66 billion. During the same period last year, the firm posted ($0.19) earnings per share. The firm’s quarterly revenue was up 25.0% compared to the same quarter last year.

DASH has been the subject of several other reports. DA Davidson upped their price target on shares of DoorDash from $119.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. UBS Group increased their price objective on shares of DoorDash from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Argus started coverage on shares of DoorDash in a research report on Tuesday, July 23rd. They issued a “hold” rating for the company. Susquehanna boosted their price objective on DoorDash from $140.00 to $180.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Finally, Roth Mkm increased their target price on shares of DoorDash from $118.00 to $124.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Ten equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, DoorDash has a consensus rating of “Moderate Buy” and an average target price of $163.12.

DoorDash Trading Up 1.4 %

DASH stock opened at $159.46 on Monday. The stock has a market capitalization of $65.62 billion, a P/E ratio of -354.22, a price-to-earnings-growth ratio of 18.08 and a beta of 1.67. The firm has a 50-day moving average price of $140.97 and a 200-day moving average price of $124.29. DoorDash has a 12 month low of $83.58 and a 12 month high of $165.07.

Insider Transactions at DoorDash

In related news, Director Andy Fang sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the sale, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Tony Xu sold 54,166 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $140.06, for a total value of $7,586,489.96. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Andy Fang sold 50,000 shares of DoorDash stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $130.20, for a total transaction of $6,510,000.00. Following the sale, the director now owns 18,089 shares of the company’s stock, valued at approximately $2,355,187.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 324,539 shares of company stock valued at $46,439,330. 7.92% of the stock is currently owned by corporate insiders.

Institutional Trading of DoorDash

Institutional investors and hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC raised its position in DoorDash by 11,416.7% during the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock valued at $475,837,000 after purchasing an additional 3,425,115 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of DoorDash by 13.2% during the 3rd quarter. Baillie Gifford & Co. now owns 14,142,674 shares of the company’s stock valued at $2,018,584,000 after buying an additional 1,645,186 shares in the last quarter. Dragoneer Investment Group LLC raised its holdings in shares of DoorDash by 77.9% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,847,537 shares of the company’s stock valued at $309,755,000 after buying an additional 1,246,567 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in DoorDash by 595.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 891,879 shares of the company’s stock worth $122,830,000 after buying an additional 763,579 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in DoorDash by 216.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,082,362 shares of the company’s stock worth $154,486,000 after buying an additional 739,961 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s stock.

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.