DoorDash (NASDAQ:DASH – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.17, Briefing.com reports. DoorDash had a negative return on equity of 2.46% and a negative net margin of 1.69%. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the business posted ($0.19) earnings per share. The company’s revenue for the quarter was up 25.0% on a year-over-year basis.
DoorDash Stock Performance
Shares of DASH stock opened at $155.66 on Friday. DoorDash has a fifty-two week low of $83.58 and a fifty-two week high of $165.07. The firm has a market capitalization of $64.06 billion, a PE ratio of -345.91, a P/E/G ratio of 331.02 and a beta of 1.70. The stock’s 50-day simple moving average is $140.40 and its 200-day simple moving average is $124.21.
Insider Activity at DoorDash
In other DoorDash news, Director Shona L. Brown sold 5,005 shares of DoorDash stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,600.00. Following the completion of the sale, the director now directly owns 65,186 shares in the company, valued at approximately $7,822,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Shona L. Brown sold 5,005 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $120.00, for a total value of $600,600.00. Following the completion of the transaction, the director now owns 65,186 shares of the company’s stock, valued at $7,822,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andy Fang sold 50,000 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $149.83, for a total value of $7,491,500.00. Following the sale, the director now directly owns 18,089 shares in the company, valued at approximately $2,710,274.87. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 383,710 shares of company stock worth $53,725,640 over the last quarter. Insiders own 7.92% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on DoorDash
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.
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