Shares of Dave Inc. (NASDAQ:DAVE - Get Free Report) fell 5.1% during trading on Monday . The company traded as low as $209.21 and last traded at $207.03. 211,529 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 453,520 shares. The stock had previously closed at $218.10.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Piper Sandler reissued a "neutral" rating on shares of Dave in a research report on Tuesday, June 10th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Dave in a research report on Tuesday, June 10th. Wall Street Zen cut shares of Dave from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Citigroup reissued an "outperform" rating on shares of Dave in a report on Monday, July 14th. Finally, B. Riley boosted their target price on shares of Dave from $206.00 to $239.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $237.50.
Get Our Latest Stock Report on DAVE
Dave Price Performance
The company has a quick ratio of 8.59, a current ratio of 8.59 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average of $219.79 and a 200-day moving average of $139.00. The firm has a market capitalization of $2.79 billion, a P/E ratio of 57.57 and a beta of 3.98.
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 net margin of 13.75% and a return on equity of 34.85%. Equities analysts predict that Dave Inc. will post 1.07 EPS for the current fiscal year.
Insider Activity at Dave
In other Dave news, 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 owned 95,678 shares in the company, valued at approximately $19,799,605.32. The trade was a 5.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael W. Pope sold 1,793 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $209.82, for a total transaction of $376,207.26. Following the completion of the sale, the director owned 6,375 shares of the company's stock, valued at approximately $1,337,602.50. This represents a 21.95% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 294,960 shares of company stock valued at $62,575,325. Insiders own 28.48% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in DAVE. KLP Kapitalforvaltning AS raised its stake in Dave by 11.8% during the second quarter. KLP Kapitalforvaltning AS now owns 1,900 shares of the fintech company's stock worth $510,000 after acquiring an additional 200 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in shares of Dave during the second quarter worth about $208,000. Robeco Institutional Asset Management B.V. bought a new position in Dave during the 2nd quarter worth approximately $2,870,000. Wealth Enhancement Advisory Services LLC acquired a new position in Dave in the second quarter valued at $656,000. Finally, Pallas Capital Advisors LLC acquired a new position in shares of Dave in the 2nd quarter valued at about $227,000. Institutional investors and hedge funds own 18.01% of the company's stock.
Dave Company Profile
(
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.
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