Dave (NASDAQ:DAVE) Trading Down 7.6% – Should You Sell?

Shares of Dave Inc. (NASDAQ:DAVE) traded down 7.6% during trading on Wednesday . The stock traded as low as $245.00 and last traded at $246.46. 159,230 shares were traded during trading, a decline of 72% from the average session volume of 577,375 shares. The stock had previously closed at $266.83.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $290.00 price target on shares of Dave in a research report on Wednesday, May 20th. Keefe, Bruyette & Woods lifted their price target on shares of Dave from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Evercore assumed coverage on shares of Dave in a research report on Wednesday, May 27th. They set a “hold” rating and a $260.00 price target on the stock. UBS Group initiated coverage on shares of Dave in a research report on Tuesday, May 26th. They set a “buy” rating and a $300.00 price target on the stock. Finally, Benchmark reiterated a “buy” rating on shares of Dave in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Dave currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.40.

Dave Trading Down 7.2%

The company’s 50 day simple moving average is $229.50 and its 200 day simple moving average is $210.58. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 15.93 and a beta of 3.87. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86.

Dave (NASDAQ:DAVE) last posted its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, topping the consensus estimate of $2.86 by $0.78. The business had revenue of $158.41 million during 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. As a group, research analysts expect that Dave Inc. will post 14.7 earnings per share for the current fiscal year.

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

Hedge Funds Weigh In On Dave

Several institutional investors have recently modified their holdings of DAVE. WealthCollab LLC acquired a new position in shares of Dave in the second quarter worth $30,000. National Bank of Canada FI acquired a new position in shares of Dave in the third quarter worth $30,000. Blue Trust Inc. grew its stake in shares of Dave by 106.8% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after acquiring an additional 79 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Dave in the fourth quarter worth $36,000. Finally, Westend Capital Management LLC grew its stake in shares of Dave by 100.0% in the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock worth $44,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 18.01% of the company’s stock.

About Dave

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.