Dave (NASDAQ:DAVE) Trading Down 6.6% – Time to Sell?

Dave Inc. (NASDAQ:DAVE) shares fell 6.6% on Tuesday . The stock traded as low as $335.06 and last traded at $335.8540. 217,936 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 555,469 shares. The stock had previously closed at $359.52.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DAVE shares. Citigroup reissued an “outperform” rating on shares of Dave in a research report on Thursday, August 6th. Benchmark raised their price objective on Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Zacks Research lowered Dave from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Barrington Research boosted their target price on Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, June 12th. Finally, Weiss Ratings raised shares of Dave from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Dave currently has a consensus rating of “Moderate Buy” and a consensus target price of $410.82.

Dave Trading Down 5.7%

The firm has a fifty day moving average of $375.71 and a 200-day moving average of $280.32. The company has a debt-to-equity ratio of 0.93, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 22.00 and a beta of 3.83.

Dave (NASDAQ:DAVE) last issued its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). Dave had a return on equity of 77.46% and a net margin of 34.58%.The company had revenue of $170.79 million for the quarter, compared to analyst estimates of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. As a group, equities analysts predict that Dave Inc. will post 13.71 earnings per share for the current fiscal year.

Insider Activity at Dave

In related news, Director Dan Preston sold 275 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $247.65, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 23.59% of the company’s stock.

Institutional Trading of Dave

Several institutional investors have recently added to or reduced their stakes in DAVE. California State Teachers Retirement System grew its holdings in Dave by 33,721.3% during the 2nd quarter. California State Teachers Retirement System now owns 4,446,489 shares of the fintech company’s stock worth $1,656,717,000 after acquiring an additional 4,433,342 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Dave by 819.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock valued at $41,666,000 after purchasing an additional 186,273 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Dave in the 4th quarter valued at about $27,874,000. Wellington Management Group LLP lifted its position in shares of Dave by 200.7% during the third quarter. Wellington Management Group LLP now owns 177,103 shares of the fintech company’s stock worth $35,305,000 after purchasing an additional 118,203 shares during the last quarter. Finally, Estuary Capital Management LP bought a new position in shares of Dave during the first quarter worth about $20,556,000. 18.01% of the stock is owned by institutional investors and hedge funds.

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.