Dave (NASDAQ:DAVE) Director Dan Preston Sells 275 Shares

Dave Inc. (NASDAQ:DAVE) Director Dan Preston sold 275 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total value 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. The trade was a 4.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dave Stock Performance

NASDAQ:DAVE opened at $270.29 on Tuesday. 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 Inc. has a fifty-two week low of $152.21 and a fifty-two week high of $293.90. The company 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 market capitalization of $3.44 billion, a PE ratio of 17.38 and a beta of 3.87.

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

Dave announced that its Board of Directors has approved a share buyback plan on Monday, March 2nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the fintech company to buy up to 11.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Dave

Several hedge funds have recently modified their holdings of DAVE. JPMorgan Chase & Co. lifted its holdings in Dave by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock worth $2,412,000 after acquiring an additional 65 shares during the period. Prudential Financial Inc. bought a new position in shares of Dave during the 2nd quarter valued at approximately $324,000. Invesco Ltd. increased its stake in shares of Dave by 2,379.9% during the 2nd quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock worth $26,166,000 after purchasing an additional 93,554 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Dave during the 2nd quarter worth approximately $18,710,000. Finally, Cresset Asset Management LLC bought a new stake in shares of Dave in the 2nd quarter worth approximately $402,000. Institutional investors own 18.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DAVE. Weiss Ratings raised Dave from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Evercore began coverage on Dave in a research note on Wednesday, May 27th. They set a “hold” rating and a $260.00 target price for the company. Lake Street Capital reiterated a “buy” rating and issued a $332.00 target price on shares of Dave in a report on Wednesday, May 6th. Wall Street Zen lowered Dave from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Canaccord Genuity Group increased their price target on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. One equities research 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 MarketBeat.com, Dave currently has a consensus rating of “Moderate Buy” and an average target price of $323.40.

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.