Zacks Research Commentary on DoorDash, Inc.’s Q4 2024 Earnings (NASDAQ:DASH)

DoorDash, Inc. (NASDAQ:DASH – Free Report) – Equities researchers at Zacks Research increased their Q4 2024 earnings estimates for DoorDash in a note issued to investors on Thursday, August 22nd. Zacks Research analyst R. Department now anticipates that the company will post earnings of $0.10 per share for the quarter, up from their prior forecast of $0.08. The consensus estimate for DoorDash’s current full-year earnings is $0.07 per share. Zacks Research also issued estimates for DoorDash’s Q1 2025 earnings at $0.10, Q3 2025 at $0.25, Q4 2025 at $0.20, Q1 2026 at $0.72, $202 at $202 and $202 .77 EPS.

DoorDash (NASDAQ:DASH – Get Your Free Report ) last posted its earnings results 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 6.00%. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the firm earned ($0.44) EPS. The company’s revenue was up 23.3% compared to the same quarter last year.

Other research analysts have also issued research reports on the company. Citigroup boosted their price target on DoorDash from $141.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Roth Mkm upped their target price on shares of DoorDash from $118.00 to $124.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Truist Financial boosted their target price on shares of DoorDash from $145.00 to $150.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Oppenheimer upped their target price on shares of DoorDash from $125.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Argus started coverage on DoorDash in a research note on Tuesday, July 23rd. They set a “hold” rating on the company. Eleven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat , DoorDash has an average rating of “Moderate Buy” and an average price target of $141.93.

Get the latest report on DASH

DoorDash inventory performance

Shares of NASDAQ DASH opened at $128.81 on Monday. DoorDash has a fifty-two week low of $69.90 and a fifty-two week high of $143.34. The stock has a market cap of $52.67 billion, a PE ratio of -119.27, a price-to-earnings-growth ratio of 40.25 and a beta of 1.67. The stock has a fifty-day moving average of $113.61 and a 200-day moving average of $120.39.

Institutional investors are piling in on DoorDash

Several institutional investors and hedge funds have recently bought and sold shares of DASH. Vanguard Group Inc. raised its holdings in shares of DoorDash by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 29,303,496 shares of the company’s stock valued at $2,897,823,000 after purchasing an additional 2,259,976 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of DoorDash by 0.8% in the second quarter. Baillie Gifford & Co. now owns 12,497,488 shares of the company’s stock worth $1,359,477,000 after buying an additional 94,241 shares during the period. Capital World Investors raised its stake in shares of DoorDash by 0.8% in the first quarter. Capital World Investors now owns 9,470,247 shares of the company’s stock valued at $1,304,242,000 after purchasing an additional 74,504 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of DoorDash by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,469,647 shares of the company’s stock valued at $753,281,000 after buying an additional 242,956 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in DoorDash by 11,416.7% in the first quarter. Janus Henderson Group PLC now owns 3,455,116 shares of the company’s stock worth $475,837,000 after purchasing an additional 3,425,115 shares in the last quarter. Hedge funds and other institutional investors own 90.64% of the company’s shares.

Insider transactions at DoorDash

In other DoorDash news, insider Keith Yandell sold 12,088 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $111.84, for a total value of $1,351,921.92. Following the completion of the sale, the insider now owns 161,651 shares in the company, valued at $18,079,047.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In other news, CFO Ravi Inukonda sold 7,000 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $110.47, for a total transaction of $773,290.00. Following the completion of the sale, the chief financial officer now directly owns 441,851 shares in the company, valued at $48,811,279.97. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC’s website. Also, insider Keith Yandell sold 12,088 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $111.84, for a total value of $1,351,921.92. Following the transaction, the insider now owns 161,651 shares in the company, valued at approximately $18,079,047.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 506,447 shares of company stock worth $56,314,905. Company insiders own 7.92% of the company’s shares.

About DoorDash

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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.

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