Dave (DAVE) Expected to Announce Quarterly Earnings on Wednesday

Dave (NASDAQ:DAVE - Get Free Report) is expected to release its Q2 2025 earnings data before the market opens on Wednesday, August 6th. Analysts expect Dave to post earnings of $2.08 per share and revenue of $112.83 million for the quarter. Dave has set its FY 2025 guidance at EPS.

Dave (NASDAQ:DAVE - Get Free Report) last released its earnings results on Thursday, May 8th. The fintech company reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $1.15. Dave had a return on equity of 34.85% and a net margin of 13.75%. On average, analysts expect Dave to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Dave Stock Performance

Shares of NASDAQ:DAVE traded up $19.97 during mid-day trading on Wednesday, reaching $240.20. The company had a trading volume of 609,068 shares, compared to its average volume of 575,819. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 66.17 and a beta of 3.98. The company's 50-day moving average price is $221.40 and its 200-day moving average price is $141.97. Dave has a one year low of $28.74 and a one year high of $286.45. The company has a current ratio of 8.59, a quick ratio of 8.59 and a debt-to-equity ratio of 0.38.

Insiders Place Their Bets

In other Dave news, Director Imran Khan sold 80,965 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $211.14, for a total transaction of $17,094,950.10. Following the completion of the transaction, the director owned 98,886 shares in the company, valued at $20,878,790.04. This trade represents a 45.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Yadin Rozov sold 5,500 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $206.94, for a total value of $1,138,170.00. Following the sale, the director directly owned 95,678 shares in the company, valued at $19,799,605.32. The trade was a 5.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 294,960 shares of company stock worth $62,575,325 over the last quarter. Company insiders own 28.48% of the company's stock.

Analyst Upgrades and Downgrades

DAVE has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their price target on Dave from $130.00 to $179.00 and gave the company a "buy" rating in a research report on Friday, May 9th. JMP Securities set a $260.00 price target on Dave and gave the company a "market outperform" rating in a research report on Monday, July 14th. Piper Sandler restated a "neutral" rating on shares of Dave in a report on Tuesday, June 10th. Lake Street Capital lifted their price target on shares of Dave from $118.00 to $177.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Citigroup reiterated an "outperform" rating on shares of Dave in a research note on Monday, July 14th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dave currently has a consensus rating of "Moderate Buy" and a consensus target price of $243.83.

Dave Company Profile

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.