Yadin Rozov Sells 5,500 Shares of Dave Inc (NASDAQ:DAVE) Stock

Dave Inc (NASDAQ:DAVE - Get Free Report) Director Yadin Rozov sold 5,500 shares of the firm's stock in a transaction 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 now directly owns 95,678 shares in the company, valued at $19,799,605.32. The trade was a 5.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Dave Stock Performance

DAVE stock traded up $10.34 during trading hours on Friday, reaching $219.51. The stock had a trading volume of 221,375 shares, compared to its average volume of 427,350. Dave Inc has a fifty-two week low of $28.31 and a fifty-two week high of $221.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.81 and a quick ratio of 6.81. The stock has a market capitalization of $2.93 billion, a PE ratio of 69.81 and a beta of 3.93. The stock has a 50-day simple moving average of $131.78 and a 200 day simple moving average of $106.05.

Dave (NASDAQ:DAVE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The fintech company reported $1.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $1.15. Dave had a return on equity of 17.16% and a net margin of 12.92%. Analysts predict that Dave Inc will post 1.07 EPS for the current fiscal year.

Dave announced that its board has initiated a stock buyback program on Monday, March 10th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the fintech company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Hedge Funds Weigh In On Dave

A hedge fund recently bought a new stake in Dave stock. Great Lakes Advisors LLC purchased a new stake in shares of Dave Inc (NASDAQ:DAVE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 42,179 shares of the fintech company's stock, valued at approximately $3,487,000. Great Lakes Advisors LLC owned approximately 0.33% of Dave at the end of the most recent reporting period. 18.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DAVE has been the subject of a number of research reports. Canaccord Genuity Group increased their target price on Dave from $130.00 to $179.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Barrington Research lifted their target price on Dave from $90.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, March 3rd. JMP Securities upped their price target on Dave from $125.00 to $200.00 and gave the stock a "market outperform" rating in a research report on Friday, May 9th. B. Riley lifted their price objective on shares of Dave from $206.00 to $239.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Finally, Lake Street Capital raised their target price 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. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Dave currently has a consensus rating of "Buy" and an average price target of $189.00.

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.