Dave (NASDAQ:DAVE) Director Imran Khan Sells 30,835 Shares

by · The Cerbat Gem

Dave Inc. (NASDAQ:DAVE – Get Free Report) Director Imran Khan sold 30,835 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $192.17, for a total transaction of $5,925,561.95. Following the completion of the transaction, the director owned 33,463 shares of the company’s stock, valued at approximately $6,430,584.71. This trade represents a 47.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Imran Khan also recently made the following trade(s):

  • On Tuesday, December 16th, Imran Khan sold 10,577 shares of Dave stock. The shares were sold at an average price of $195.68, for a total transaction of $2,069,707.36.
  • On Tuesday, December 16th, Imran Khan sold 18,835 shares of Dave stock. The shares were sold at an average price of $196.94, for a total transaction of $3,709,364.90.

Dave Stock Down 1.0%

DAVE stock traded down $1.98 during trading on Wednesday, reaching $196.95. 365,859 shares of the stock were exchanged, compared to its average volume of 494,783. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.26. Dave Inc. has a twelve month low of $65.46 and a twelve month high of $286.45. The firm’s 50 day moving average is $215.67 and its 200 day moving average is $216.61. The firm has a market cap of $2.66 billion, a P/E ratio of 19.52 and a beta of 3.90.

Dave (NASDAQ:DAVE – Get Free Report) last posted 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. The business had revenue of $150.73 million during the quarter, compared to the consensus estimate of $153.09 million. Dave had a net margin of 29.85% and a return on equity of 65.86%. As a group, research analysts forecast that Dave Inc. will post 1.07 EPS for the current year.

Institutional Trading of Dave

Several institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. lifted its position in Dave by 3.2% during the second quarter. SBI Securities Co. Ltd. now owns 1,953 shares of the fintech company’s stock valued at $524,000 after purchasing an additional 60 shares during the last quarter. Brevan Howard Capital Management LP boosted 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 worth $767,000 after purchasing an additional 62 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Dave by 0.7% during the 2nd 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. Arizona State Retirement System grew its position in Dave by 3.3% during the third quarter. Arizona State Retirement System now owns 2,787 shares of the fintech company’s stock valued at $556,000 after acquiring an additional 88 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Dave by 3.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 2,931 shares of the fintech company’s stock worth $787,000 after acquiring an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dave in a research report on Monday. Barrington Research reaffirmed an “outperform” rating and set a $290.00 target price on shares of Dave in a research report on Monday, November 3rd. JPMorgan Chase & Co. set a $300.00 target price on shares of Dave in a research report on Friday, September 26th. Benchmark raised their target price on Dave from $320.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Citizens Jmp lifted their price objective on Dave from $300.00 to $310.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $304.25.

View Our Latest Analysis on Dave

About Dave

(Get Free Report)

Dave, Inc is a digital banking service. Its products include a budgeting tool to help members manage their upcoming bills to avoid overspending, cash advances through its flagship ExtraCash product to help members avoid punitive overdraft fees, a Side Hustle product, where Dave helps connect members with supplemental work opportunities, and Dave Banking, a modern checking account experience with valuable tools for building long-term financial health.

Featured Articles