Dave (NASDAQ:DAVE) Stock Price Down 6.4% – Should You Sell?

Dave Inc. (NASDAQ:DAVE)’s share price fell 6.4% on Thursday . The stock traded as low as $401.53 and last traded at $396.62. 92,421 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 579,892 shares. The stock had previously closed at $423.66.

Analyst Upgrades and Downgrades

DAVE has been the topic of several recent analyst reports. Canaccord Genuity Group upped their price target on Dave from $328.00 to $342.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Evercore began coverage on Dave in a research report on Wednesday, May 27th. They set a “hold” rating and a $260.00 price objective for the company. B. Riley Financial boosted their price objective on shares of Dave from $358.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Citizens Jmp boosted their price objective on Dave from $365.00 to $450.00 and gave the company a “market outperform” rating in a report on Thursday, July 9th. Finally, Benchmark upped their target price on shares of Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $379.40.

Dave Stock Down 6.2%

The firm has a fifty day moving average of $321.61 and a 200 day moving average of $246.68. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95. The stock has a market cap of $5.05 billion, a PE ratio of 25.54 and a beta of 3.82.

Dave (NASDAQ:DAVE) last released its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.78. Dave had a net margin of 37.22% and a return on equity of 77.70%. The company had revenue of $158.41 million during the quarter, compared to the consensus estimate of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, equities research analysts anticipate that Dave Inc. will post 15.45 EPS for the current fiscal year.

Insider Activity at Dave

In other news, Director Dan Preston sold 275 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total value of $68,103.75. Following the completion of the sale, the director directly owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the transaction, the chief executive officer owned 299,950 shares in the company, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 28.48% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dave

Several hedge funds have recently made changes to their positions in the business. Brevan Howard Capital Management LP lifted its holdings in shares of Dave by 1.6% in the 3rd quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock valued at $767,000 after buying an additional 62 shares during the period. JPMorgan Chase & Co. increased its holdings in Dave by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after buying an additional 65 shares in the last quarter. GAMMA Investing LLC increased its stake in Dave by 43.9% in the 2nd quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock valued at $83,000 after purchasing an additional 68 shares in 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 worth $34,000 after purchasing an additional 79 shares in the last quarter. Finally, Westend Capital Management LLC boosted its position in shares of Dave by 100.0% in the 4th 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.

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.