Dave (NASDAQ:DAVE) Director Imran Khan Sells 30,835 Shares of Stock

Dave Inc. (NASDAQ:DAVE) Director Imran Khan sold 30,835 shares of Dave stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $192.17, for a total transaction of $5,925,561.95. Following the transaction, the director directly owned 33,463 shares in the company, valued at $6,430,584.71. This trade represents a 47.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Imran Khan also recently made the following trade(s):

• On Tuesday, December 16th, Imran Khan sold 10,577 shares of Dave stock. The stock was sold at an average price of $195.68, for a total transaction of $2,069,707.36.
• On Tuesday, December 16th, Imran Khan sold 18,835 shares of Dave stock. The shares were sold at an average price of $196.94, for a total value of $3,709,364.90.

Dave Price Performance

DAVE stock opened at $196.95 on Thursday. Dave Inc. has a 52-week low of $65.46 and a 52-week high of $286.45. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 19.52 and a beta of 3.90. The business has a fifty day moving average of $215.45 and a two-hundred day moving average of $216.47.

Dave (NASDAQ:DAVE) last released its quarterly earnings results on Tuesday, November 4th. The fintech company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $1.95. The business had revenue of $150.73 million during the quarter, compared to analysts’ expectations of $153.09 million. Dave had a return on equity of 65.86% and a net margin of 29.85%. As a group, research analysts anticipate that Dave Inc. will post 1.07 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA purchased a new position in Dave in the second quarter valued at approximately $359,000. Quadrature Capital Ltd grew its position in shares of Dave by 120.3% in the 2nd quarter. Quadrature Capital Ltd now owns 9,751 shares of the fintech company’s stock valued at $2,615,000 after buying an additional 5,325 shares during the last quarter. Silver Oak Wealth Advisors Services LLC purchased a new position in shares of Dave in the 2nd quarter valued at $501,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Dave during the 2nd quarter worth $913,000. Finally, Sigma Planning Corp purchased a new stake in Dave in the second quarter valued at $425,000. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DAVE shares. Barrington Research reaffirmed an “outperform” rating and set a $290.00 price objective on shares of Dave in a research report on Monday, November 3rd. JMP Securities set a $310.00 price objective on Dave in a report on Wednesday, November 5th. Benchmark increased their target price on Dave from $320.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Zacks Research raised Dave from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Finally, Wall Street Zen raised shares of Dave from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $304.25.

About Dave

Dave, Inc is a digital banking service. Its products include a budgeting tool to help members manage their upcoming bills to avoid overspending, cash advances through its flagship ExtraCash product to help members avoid punitive overdraft fees, a Side Hustle product, where Dave helps connect members with supplemental work opportunities, and Dave Banking, a modern checking account experience with valuable tools for building long-term financial health.