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

Dave Inc. (NASDAQ:DAVE) Director Dan Preston sold 275 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total transaction of $68,103.75. Following the transaction, the director owned 5,466 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website.

Dave Stock Up 4.7%

DAVE traded up $12.04 during trading on Monday, reaching $270.29. 567,235 shares of the stock were exchanged, compared to its average volume of 573,902. The stock has a market cap of $3.44 billion, a P/E ratio of 17.38 and a beta of 3.87. Dave Inc. has a twelve month low of $152.21 and a twelve month high of $293.90. The stock’s 50 day moving average price is $235.79 and its two-hundred day moving average price is $212.41. 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 issued its earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.78. The business had revenue of $158.41 million for 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. Equities analysts expect that Dave Inc. will post 14.7 EPS for the current year.

Dave declared that its Board of Directors has authorized a share buyback program on Monday, March 2nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the fintech company to repurchase up to 11.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Dave

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

Wall Street Analyst Weigh In

A number of research firms have commented on DAVE. Citigroup reaffirmed an “outperform” rating on shares of Dave in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Dave from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Wall Street Zen downgraded shares of Dave from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Keefe, Bruyette & Woods upped their price target on shares of Dave from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, Lake Street Capital reissued a “buy” rating and issued a $332.00 price target on shares of Dave in a report on Wednesday, May 6th. 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. Based on data from MarketBeat, Dave has an average 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.