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

Dave Inc. (NASDAQ:DAVE) CEO Jason Wilk sold 8,474 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total value of $2,330,773.70. Following the completion of the transaction, the chief executive officer owned 299,950 shares of the company’s stock, valued at $82,501,247.50. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Dave Stock Up 5.0%

Shares of DAVE opened at $261.69 on Friday. Dave Inc. has a 52 week low of $152.21 and a 52 week high of $293.90. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 16.83 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. The stock has a fifty day moving average of $232.43 and a 200-day moving average of $211.39.

Dave (NASDAQ:DAVE) last announced its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, sell-side analysts anticipate that Dave Inc. will post 14.7 earnings per share for the current fiscal year.

Dave declared that its Board of Directors has approved a share buyback plan on Monday, March 2nd that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the fintech company to purchase up to 11.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DAVE. Keefe, Bruyette & Woods increased their price target on Dave from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Wall Street Zen cut Dave from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Citizens Jmp increased their price target on Dave from $335.00 to $365.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 6th. Zacks Research raised shares of Dave from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Finally, B. Riley Financial boosted their price objective on shares of Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. One 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 company’s stock. According to data from MarketBeat.com, Dave presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.40.

Institutional Trading of Dave

Institutional investors have recently modified their holdings of the business. Brevan Howard Capital Management LP boosted its position in Dave by 1.6% during the third quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock valued at $767,000 after acquiring an additional 62 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Dave by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after acquiring an additional 65 shares during the last quarter. Blue Trust Inc. boosted its position in Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after acquiring an additional 79 shares during the last quarter. Arizona State Retirement System boosted its position in Dave by 3.3% during the third quarter. Arizona State Retirement System now owns 2,787 shares of the fintech company’s stock valued at $556,000 after acquiring an additional 88 shares during the last quarter. Finally, Westend Capital Management LLC boosted its position in Dave by 100.0% during the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after acquiring an additional 100 shares during the last quarter. Institutional investors 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.