Dave (NASDAQ:DAVE) CEO Sells $2,330,773.70 in Stock

Dave Inc. (NASDAQ:DAVE) CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the sale, the chief executive officer owned 299,950 shares of the company’s stock, valued at approximately $82,501,247.50. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Dave Stock Up 5.0%

Shares of DAVE stock traded up $12.36 during trading on Thursday, hitting $261.69. 379,094 shares of the company were exchanged, compared to its average volume of 583,062. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 16.83 and a beta of 3.87. The business’s 50-day simple moving average is $231.32 and its 200 day simple moving average is $211.00. Dave Inc. has a twelve month low of $152.21 and a twelve month high of $293.90.

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 analysts’ expectations 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, analysts forecast that Dave Inc. will post 14.7 EPS for the current fiscal year.

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

Institutional Investors Weigh In On Dave

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in Dave by 22.7% during the third quarter. Principal Financial Group Inc. now owns 67,792 shares of the fintech company’s stock worth $13,514,000 after buying an additional 12,555 shares in the last quarter. SG Americas Securities LLC boosted its stake in Dave by 2,267.1% during the fourth quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock worth $19,606,000 after buying an additional 84,811 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in Dave during the third quarter worth $1,826,000. Wilson Asset Management International PTY Ltd. acquired a new stake in Dave during the third quarter worth $1,561,000. Finally, Pictet Asset Management Holding SA boosted its stake in Dave by 372.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,841 shares of the fintech company’s stock worth $1,293,000 after buying an additional 4,604 shares in the last quarter. Institutional investors and hedge funds own 18.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DAVE shares. Zacks Research raised shares of Dave from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Citizens Jmp raised their price objective on shares of Dave from $335.00 to $365.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 6th. Barrington Research reaffirmed an “outperform” rating and set a $290.00 price objective on shares of Dave in a research report on Wednesday, May 20th. Evercore started coverage on shares of Dave in a research report on Wednesday, May 27th. They set a “hold” rating and a $260.00 price objective on the stock. Finally, William Blair reaffirmed an “accumulate” rating on shares of Dave in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $323.40.

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.