In yesterday’s Wall Street session, DoorDash Inc (NASDAQ:DASH) shares traded at $87.79, up 15.67% from the previous session.
As of this writing, 36 analysts cover DoorDash Inc (NASDAQ:DASH). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $130.00 and a low of $51.00, we find $95.50. Given the previous closing price of $75.90, this indicates a potential upside of 25.82 percent. DASH stock price is now 12.52% away from the 50-day moving average and 25.08% away from the 200-day moving average. The market capitalization of the company currently stands at $34.53B.
There are 20 analysts who have given it a hold rating, whereas 14 have given it a buy rating. Brokers who have rated the stock have averaged $98.21 as their price target over the next twelve months.
In other news, Inukonda Ravi, Chief Financial Officer sold 3,500 shares of the company’s stock on Oct 31. The stock was sold for $262,514 at an average price of $75.00. Upon completion of the transaction, the Chief Financial Officer now directly owns 446,288 shares in the company, valued at $39.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 30, Chief Financial Officer Inukonda Ravi sold 3,500 shares of the business’s stock. A total of $250,635 was realized by selling the stock at an average price of $71.61. This leaves the insider owning 449,788 shares of the company worth $39.49 million. Insiders disposed of 47,256,029 shares of company stock worth roughly $4.15 billion over the past 1 year. A total of 33.58% of the company’s stock is owned by insiders.
Thursday morning saw DoorDash Inc (NASDAQ: DASH) opened at $85.09. During the past 12 months, DoorDash Inc has had a low of $44.50 and a high of $92.61. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 1.71, and a quick ratio of 1.71. The fifty day moving average price for DASH is $78.23 and a two-hundred day moving average price translates $70.35 for the stock.
The latest earnings results from DoorDash Inc (NASDAQ: DASH) was released for Sep, 2023. According to the Internet Content & Information Company, earnings per share came in at -$0.44, missing analysts’ expectations of -$0.41 by -0.03. This compares to -$0.77 EPS in the same period last year. The net profit margin was -12.81% and return on equity was -15.60% for DASH. The company reported revenue of $2.16 billion for the quarter, compared to $1.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.22 percent. For the current quarter, analysts expect DASH to generate $2.09B in revenue.
DoorDash Inc(DASH) Company Profile
DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels. The company was formerly known as Palo Alto Delivery Inc. and changed its name to DoorDash, Inc. in 2015. DoorDash, Inc. was incorporated in 2013 and is headquartered in San Francisco, California.
