Dave (NASDAQ:DAVE) CEO Sells $2,330,773.70 in Stock

Dave Inc. (NASDAQ:DAVE) CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the sale, the chief executive officer owned 299,950 shares in the company, valued at $82,501,247.50. This represents a 2.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dave Price Performance

Shares of NASDAQ:DAVE traded up $12.36 on Thursday, hitting $261.69. The stock had a trading volume of 379,094 shares, compared to its average volume of 583,062. Dave Inc. has a twelve month low of $152.21 and a twelve month high of $293.90. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86. The firm’s 50 day moving average price is $231.32 and its 200-day moving average price is $211.00. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 16.83 and a beta of 3.87.

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

Dave announced that its Board of Directors has approved a stock buyback 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 buy up to 11.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. B. Riley Financial boosted their target price on shares of Dave from $358.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. William Blair reaffirmed an “accumulate” rating on shares of Dave in a report on Friday, March 13th. Wall Street Zen cut Dave from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Benchmark reaffirmed a “buy” rating on shares of Dave in a report on Friday, May 29th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Dave in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $323.40.

Institutional Trading of Dave

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. WealthCollab LLC bought a new stake in Dave during the 2nd quarter worth about $30,000. National Bank of Canada FI bought a new stake in shares of Dave in the 3rd quarter valued at about $30,000. Blue Trust Inc. increased its stake in shares of Dave by 106.8% in 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 during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Dave in the 4th quarter valued at about $36,000. Finally, Westend Capital Management LLC increased its stake in shares of Dave by 100.0% in 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 during the last quarter. 18.01% of the stock is owned by institutional investors.

About Dave

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.