Brokerages Set Dave Inc. (NASDAQ:DAVE) PT at $304.25

by · The Cerbat Gem

Dave Inc. (NASDAQ:DAVEGet Free Report) has received an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $304.25.

A number of equities analysts have weighed in on the stock. Citizens Jmp upped their price objective on shares of Dave from $300.00 to $310.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 5th. Barrington Research reiterated an “outperform” rating and issued a $290.00 price target on shares of Dave in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Dave in a report on Monday. Wall Street Zen upgraded Dave from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Canaccord Genuity Group lifted their price objective on Dave from $229.00 to $274.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th.

Check Out Our Latest Report on DAVE

Trending Headlines about Dave

Here are the key news stories impacting Dave this week:

Insiders Place Their Bets

In other news, Director Imran Khan sold 1,146 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $204.00, for a total value of $233,784.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jason Wilk sold 7,393 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $203.77, for a total transaction of $1,506,471.61. Following the completion of the sale, the chief executive officer owned 210,461 shares in the company, valued at approximately $42,885,637.97. This trade represents a 3.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 105,164 shares of company stock valued at $20,700,863. Insiders own 28.48% of the company’s stock.

Hedge Funds Weigh In On Dave

Hedge funds have recently bought and sold shares of the company. WealthCollab LLC acquired a new stake in Dave during the second quarter valued at approximately $30,000. National Bank of Canada FI bought a new stake in shares of Dave in the 3rd quarter valued at approximately $30,000. Nisa Investment Advisors LLC increased its holdings in shares of Dave by 4,933.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company’s stock valued at $41,000 after acquiring an additional 148 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Dave during the 3rd quarter valued at approximately $47,000. Finally, Team Financial Group LLC bought a new position in Dave during the third quarter worth $54,000. 18.01% of the stock is currently owned by institutional investors and hedge funds.

Dave Stock Up 1.4%

Shares of NASDAQ:DAVE opened at $221.02 on Friday. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.26. Dave has a 52-week low of $65.46 and a 52-week high of $286.45. The company has a 50 day moving average of $216.30 and a two-hundred day moving average of $216.63. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 21.90 and a beta of 3.90.

Dave (NASDAQ:DAVEGet Free Report) last posted its earnings results on Tuesday, November 4th. The fintech company reported $4.24 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $1.95. The business had revenue of $150.73 million for the quarter, compared to analysts’ expectations of $153.09 million. Dave had a net margin of 29.85% and a return on equity of 65.86%. As a group, analysts forecast that Dave will post 1.07 earnings per share for the current fiscal year.

About Dave

(Get Free Report)

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.

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