Dave (NASDAQ:DAVE) Director Sells $68,103.75 in Stock

Dave Inc. (NASDAQ:DAVE) Director Dan Preston sold 275 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total transaction of $68,103.75. Following the completion of the sale, the director owned 5,466 shares in the company, valued at $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Dave Trading Up 4.7%

Shares of NASDAQ:DAVE traded up $12.04 during mid-day trading on Monday, reaching $270.29. The stock had a trading volume of 567,235 shares, compared to its average volume of 573,902. The firm has a market cap of $3.44 billion, a PE ratio of 17.38 and a beta of 3.87. The firm has a 50 day simple moving average of $235.79 and a two-hundred day simple moving average of $212.41. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95. Dave Inc. has a twelve month low of $152.21 and a twelve month high of $293.90.

Dave (NASDAQ:DAVE) last announced its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. The business had revenue of $158.41 million for the quarter, compared to the consensus estimate of $153.67 million. Dave had a net margin of 37.22% and a return on equity of 77.70%. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, research analysts predict that Dave Inc. will post 14.7 EPS for the current fiscal year.

Dave announced that its board has initiated a share repurchase program on Monday, March 2nd that allows the company to buyback $300.00 million in shares. This buyback authorization allows the fintech company to repurchase up to 11.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

DAVE has been the subject of a number of research reports. Barrington Research reissued an “outperform” rating and set a $290.00 target price on shares of Dave in a research note on Wednesday, May 20th. Zacks Research raised Dave from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Wall Street Zen cut Dave from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Lake Street Capital reissued a “buy” rating and set a $332.00 target price on shares of Dave in a research note on Wednesday, May 6th. Finally, Canaccord Genuity Group increased their target price on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $323.40.

Hedge Funds Weigh In On Dave

Several hedge funds have recently made changes to their positions in the business. Divisadero Street Capital Management LP boosted its holdings in shares of Dave by 73.1% in the 3rd quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock valued at $184,452,000 after buying an additional 390,676 shares during the last quarter. Vanguard Group Inc. increased its holdings in Dave by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 685,839 shares of the fintech company’s stock worth $151,852,000 after buying an additional 30,546 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Dave by 29.2% during the fourth quarter. Renaissance Technologies LLC now owns 499,100 shares of the fintech company’s stock worth $110,506,000 after buying an additional 112,700 shares during the last quarter. Geode Capital Management LLC increased its holdings in Dave by 31.1% during the fourth quarter. Geode Capital Management LLC now owns 318,295 shares of the fintech company’s stock worth $70,483,000 after buying an additional 75,576 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Dave by 20.0% during the first quarter. Dimensional Fund Advisors LP now owns 253,173 shares of the fintech company’s stock worth $44,069,000 after buying an additional 42,262 shares during the last quarter. 18.01% of the stock is owned by institutional investors.

Dave Company Profile

Dave, Inc is a Los Angeles–based financial technology company founded in 2016 by Jason Wilk and John Wolanin. The company offers a subscription-based mobile app designed to help consumers avoid overdraft fees, manage their budgets and track expenses. Through its platform, members receive low-balance alerts, expense categorization and cash-advance capabilities tied to upcoming deposits.

At the core of Dave’s offering is fee-free overdraft protection: eligible users can request small, interest-free advances up to a preset limit, typically repaid on their next paycheck or deposit.