Jason Wilk Sells 8,474 Shares of Dave (NASDAQ:DAVE) Stock

Dave Inc. (NASDAQ:DAVE) CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total value of $2,330,773.70. Following the completion of the sale, the chief executive officer directly owned 299,950 shares of the company’s stock, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Dave Trading Down 1.3%

Shares of DAVE opened at $258.25 on Friday. The business has a 50-day moving average of $233.97 and a 200 day moving average of $211.72. Dave Inc. has a fifty-two week low of $152.21 and a fifty-two week high of $293.90. The firm has a market cap of $3.28 billion, a P/E ratio of 16.61 and a beta of 3.87. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86.

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

Dave declared that its Board of Directors has approved a stock repurchase program on Monday, March 2nd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the fintech company to buy up to 11.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have commented on DAVE shares. Keefe, Bruyette & Woods raised their target price on Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Wall Street Zen downgraded Dave from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Citizens Jmp raised their target price on Dave from $335.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 6th. Barrington Research restated an “outperform” rating and issued a $290.00 target price on shares of Dave in a research note on Wednesday, May 20th. Finally, Citigroup reiterated an “outperform” rating on shares of Dave in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $323.40.

Institutional Trading of Dave

A number of hedge funds have recently bought and sold shares of the company. Prospect Capital Advisors LLC lifted its position in Dave by 39.4% in the 1st quarter. Prospect Capital Advisors LLC now owns 52,240 shares of the fintech company’s stock worth $9,094,000 after buying an additional 14,760 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Dave in the 1st quarter worth approximately $373,000. Janus Henderson Group PLC lifted its position in Dave by 1.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,805 shares of the fintech company’s stock worth $2,228,000 after buying an additional 230 shares during the last quarter. Amundi bought a new stake in Dave in the 1st quarter worth approximately $224,000. Finally, California State Teachers Retirement System lifted its position in Dave by 26.5% in the 1st quarter. California State Teachers Retirement System now owns 13,147 shares of the fintech company’s stock worth $2,289,000 after buying an additional 2,756 shares during the last quarter. Institutional investors own 18.01% of the company’s stock.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Seeking Alpha highlighted Dave’s improving fundamentals, citing strong Q1 growth, expanding margins, better credit quality, and aggressive buybacks. The note reiterated a Strong Buy view and a $350 price target, which supports the bullish case for DAVE. Dave: Credit Quality Keeps Improving As Earnings Surge
• Positive Sentiment: Zacks noted that DAVE has been outperforming peers this year and that analyst price targets imply meaningful upside, reinforcing expectations that the stock can continue to outperform if momentum holds. Wall Street Analysts Believe DAVE INC (DAVE) Could Rally 30.64%
• Neutral Sentiment: Coverage comparing DAVE with business-services peers was mainly a performance check-in and did not add a clear new catalyst for the stock. Is DAVE INC (DAVE) Stock Outpacing Its Business Services Peers This Year?
• Negative Sentiment: Jason Wilk sold 8,474 shares of Dave stock at an average price of $275.05, a move that can weigh on sentiment because insiders typically sell for many reasons, but large CEO sales are often read as a caution signal by investors. Insider Selling: Dave (NASDAQ:DAVE) CEO Sells 8,474 Shares of Stock

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.