Dan Preston Sells 275 Shares of Dave (NASDAQ:DAVE) Stock

Dave Inc. (NASDAQ:DAVE) Director Dan Preston sold 275 shares of the company’s stock in a transaction 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 transaction, the director owned 5,466 shares of the company’s stock, valued at $1,353,654.90. The trade was a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Dave Stock Performance

Dave stock opened at $278.71 on Wednesday. The firm has a market capitalization of $3.54 billion, a P/E ratio of 17.92 and a beta of 3.87. The stock has a fifty day moving average price of $237.87 and a 200 day moving average price of $213.03. Dave Inc. has a 52 week low of $152.21 and a 52 week high of $293.90. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95.

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

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

Institutional Investors Weigh In On Dave

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. WealthCollab LLC acquired a new stake in Dave during the second quarter worth about $30,000. National Bank of Canada FI acquired a new stake in Dave during the third quarter worth about $30,000. Blue Trust Inc. increased its stake in 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 acquiring an additional 79 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Dave in the fourth quarter worth about $36,000. Finally, Westend Capital Management LLC boosted its position in shares of Dave by 100.0% in 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 during the period. 18.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods upped their target price on Dave from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Zacks Research upgraded Dave from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Citizens Jmp upped their price target on Dave from $335.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 6th. Lake Street Capital restated a “buy” rating and set a $332.00 price target on shares of Dave in a research note on Wednesday, May 6th. Finally, Citigroup restated an “outperform” rating on shares of Dave in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “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.