Insider Selling: Dave (NASDAQ:DAVE) Director Sells $68,103.75 in Stock

Dave Inc. (NASDAQ:DAVE) Director Dan Preston sold 275 shares of the stock in a transaction 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 transaction, the director owned 5,466 shares in the company, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Dave Price Performance

Shares of DAVE opened at $270.90 on Thursday. Dave Inc. has a 12-month low of $152.21 and a 12-month high of $293.90. The business’s fifty day moving average is $239.90 and its 200 day moving average is $213.65. 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 $3.44 billion, a P/E ratio of 17.42 and a beta of 3.87.

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

Dave declared that its Board of Directors has initiated a share repurchase program on Monday, March 2nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the fintech company to purchase up to 11.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Dave

Several large investors have recently bought and sold shares of DAVE. WealthCollab LLC bought a new position in Dave during the 2nd quarter valued at $30,000. National Bank of Canada FI bought a new position in Dave during the 3rd quarter valued at $30,000. Blue Trust Inc. lifted its stake in Dave by 106.8% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after acquiring an additional 79 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Dave during the 4th quarter valued at $36,000. Finally, Westend Capital Management LLC lifted its stake in Dave by 100.0% during the 4th quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after acquiring an additional 100 shares in the last quarter. 18.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DAVE. Lake Street Capital reiterated a “buy” rating and issued a $332.00 target price on shares of Dave in a report on Wednesday, May 6th. Zacks Research upgraded Dave from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Evercore began coverage on Dave in a report on Wednesday, May 27th. They issued a “hold” rating and a $260.00 target price on the stock. UBS Group assumed coverage on Dave in a report on Tuesday, May 26th. They issued a “buy” rating and a $300.00 target price on the stock. Finally, Weiss Ratings upgraded Dave from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $323.40.

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.