Dave Inc. (NASDAQ:DAVE) Receives Consensus Rating of “Buy” from Analysts

by · The Markets Daily

Shares of Dave Inc. (NASDAQ:DAVE – Get Free Report) have been assigned a consensus rating of “Buy” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $304.25.

Several research analysts have recently commented on DAVE shares. JPMorgan Chase & Co. set a $300.00 price target on shares of Dave in a research note on Friday, September 26th. JMP Securities set a $310.00 price objective on shares of Dave in a report on Wednesday, November 5th. Benchmark restated a “buy” rating on shares of Dave in a report on Tuesday, January 13th. Zacks Research raised Dave from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Finally, Canaccord Genuity Group increased their price objective on Dave from $229.00 to $274.00 and gave the company a “buy” rating in a report on Wednesday, November 5th.

View Our Latest Report on Dave

Insider Buying and Selling

In other news, Director Imran Khan sold 33,270 shares of Dave stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $199.34, for a total value of $6,632,041.80. Following the transaction, the director owned 2,110 shares of the company’s stock, valued at $420,607.40. This trade represents a 94.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jason Wilk sold 7,393 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $203.77, for a total transaction of $1,506,471.61. Following the sale, the chief executive officer directly owned 210,461 shares of the company’s stock, valued at approximately $42,885,637.97. This represents a 3.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 105,164 shares of company stock worth $20,700,863. Insiders own 28.48% of the company’s stock.

Hedge Funds Weigh In On Dave

A number of institutional investors have recently made changes to their positions in the business. WealthCollab LLC bought a new stake in Dave during the 2nd quarter valued at approximately $30,000. National Bank of Canada FI acquired a new position in shares of Dave during the third quarter worth approximately $30,000. Blue Trust Inc. boosted its position in shares of Dave by 106.8% in 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 period. Nisa Investment Advisors LLC grew its stake in shares of Dave by 4,933.3% in the second quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company’s stock worth $41,000 after acquiring an additional 148 shares during the last quarter. Finally, Westend Capital Management LLC increased 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 worth $44,000 after acquiring an additional 100 shares during the period. 18.01% of the stock is currently owned by institutional investors.

Dave Stock Performance

Shares of NASDAQ DAVE opened at $194.01 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 8.69 and a quick ratio of 8.69. Dave has a one year low of $65.46 and a one year high of $286.45. The business’s 50-day moving average price is $211.03 and its two-hundred day moving average price is $214.92. The company has a market capitalization of $2.62 billion, a P/E ratio of 19.23 and a beta of 3.90.

Dave (NASDAQ:DAVE – Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The fintech company reported $4.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $1.95. Dave had a return on equity of 65.86% and a net margin of 29.85%.The business had revenue of $150.73 million during the quarter, compared to analyst estimates of $153.09 million. Analysts anticipate that Dave will post 1.07 earnings per share for the current fiscal year.

Dave Company Profile

(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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