DoorDash (NASDAQ:DASH – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01, Briefing.com reports. DoorDash had a negative net margin of 6.46% and a negative return on equity of 8.49%. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the previous year, the firm posted ($0.41) earnings per share. The company’s revenue was up 23.5% on a year-over-year basis.
DoorDash Price Performance
NASDAQ:DASH traded down $13.17 during trading hours on Thursday, hitting $114.29. 19,934,152 shares of the company were exchanged, compared to its average volume of 3,829,653. DoorDash has a 52-week low of $60.36 and a 52-week high of $143.34. The stock has a market capitalization of $46.17 billion, a price-to-earnings ratio of -78.87, a PEG ratio of 14.38 and a beta of 1.78. The company’s 50 day moving average price is $132.16 and its 200-day moving average price is $109.84.
Insider Buying and Selling at DoorDash
In other DoorDash news, Director Shona L. Brown sold 700 shares of DoorDash stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $109.71, for a total transaction of $76,797.00. Following the completion of the sale, the director now owns 71,514 shares of the company’s stock, valued at approximately $7,845,800.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Tony Xu sold 132,300 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $133.51, for a total transaction of $17,663,373.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Shona L. Brown sold 700 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $109.71, for a total value of $76,797.00. Following the transaction, the director now owns 71,514 shares in the company, valued at approximately $7,845,800.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 480,782 shares of company stock worth $63,130,157. 9.59% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on DASH
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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