Dave Inc. (NASDAQ:DAVE) Given Consensus Rating of “Moderate Buy” by Brokerages

Dave Inc. (NASDAQ:DAVE) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $304.25.

Several brokerages recently issued reports on DAVE. Keefe, Bruyette & Woods started coverage on Dave in a research note on Monday, February 9th. They issued an “outperform” rating for the company. Benchmark reiterated a “buy” rating on shares of Dave in a report on Tuesday, January 13th. Citizens Jmp raised their price target on shares of Dave from $300.00 to $310.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 5th. Weiss Ratings downgraded shares of Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 26th. Finally, Barrington Research reiterated an “outperform” rating and issued a $290.00 price objective on shares of Dave in a research note on Monday, November 3rd.

Insiders Place Their Bets

In other news, CEO Jason Wilk sold 7,393 shares of Dave stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $203.77, for a total transaction of $1,506,471.61. Following the completion of the sale, the chief executive officer directly owned 210,461 shares in the company, valued at $42,885,637.97. The trade was a 3.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Imran Khan sold 33,270 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $199.34, for a total value of $6,632,041.80. Following the completion of the sale, the director directly owned 2,110 shares of the company’s stock, valued at approximately $420,607.40. The trade was a 94.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 105,164 shares of company stock worth $20,700,863 over the last ninety days. 28.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. WealthCollab LLC acquired a new stake in shares of Dave in the 2nd quarter valued at $30,000. National Bank of Canada FI acquired a new stake in shares of Dave in the third quarter worth about $30,000. Blue Trust Inc. lifted its position in shares of Dave by 106.8% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after buying an additional 79 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Dave during the 4th quarter worth about $36,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Dave by 4,933.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company’s stock valued at $41,000 after acquiring an additional 148 shares during the last quarter. Institutional investors and hedge funds own 18.01% of the company’s stock.

Dave Price Performance

Shares of NASDAQ:DAVE opened at $177.28 on Monday. The company’s fifty day moving average is $199.19 and its two-hundred day moving average is $208.77. The company has a market cap of $2.39 billion, a P/E ratio of 17.57 and a beta of 3.89. Dave has a 12-month low of $65.46 and a 12-month high of $286.45. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.26.

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.