Dave (NASDAQ:DAVE) Trading Down 5.7% – Here’s Why

by · The Cerbat Gem

Shares of Dave Inc. (NASDAQ:DAVE – Get Free Report) dropped 5.7% during mid-day trading on Friday . The company traded as low as $225.82 and last traded at $227.2230. Approximately 124,866 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 552,325 shares. The stock had previously closed at $240.90.

Wall Street Analysts Forecast Growth

DAVE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. UBS Group restated a “neutral” rating on shares of Dave in a research note on Friday, March 13th. Benchmark restated a “buy” rating on shares of Dave in a research note on Tuesday, March 3rd. Citigroup restated an “outperform” rating on shares of Dave in a research note on Wednesday, May 6th. Finally, Barrington Research restated an “outperform” rating and set a $290.00 price target on shares of Dave in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $325.88.

Get Our Latest Stock Analysis on DAVE

Dave Trading Down 4.6%

The company’s 50 day moving average price is $223.26 and its 200 day moving average price is $209.66. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 14.81 and a beta of 3.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86.

Dave (NASDAQ:DAVE – Get Free Report) last posted its earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. Dave had a net margin of 37.22% and a return on equity of 77.70%. The business had revenue of $158.40 million for the quarter, compared to analyst estimates of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Research analysts anticipate that Dave Inc. will post 14.49 EPS for the current year.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in Dave by 22.7% in the 3rd quarter. Principal Financial Group Inc. now owns 67,792 shares of the fintech company’s stock valued at $13,514,000 after buying an additional 12,555 shares during the last quarter. SG Americas Securities LLC grew its stake in Dave by 2,267.1% in the 4th quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock valued at $19,606,000 after buying an additional 84,811 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in Dave in the 3rd quarter valued at $1,826,000. Wilson Asset Management International PTY Ltd. acquired a new position in Dave in the 3rd quarter valued at $1,561,000. Finally, Pictet Asset Management Holding SA grew its stake in Dave by 372.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,841 shares of the fintech company’s stock valued at $1,293,000 after buying an additional 4,604 shares during the last quarter. 18.01% of the stock is currently owned by institutional investors and hedge funds.

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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