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 Dave stock in a transaction on Wednesday, June 4th. The shares were 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dave Price Performance

Shares of NASDAQ DAVE traded up $12.38 during mid-day trading on Friday, reaching $221.55. The company had a trading volume of 339,144 shares, compared to its average volume of 429,318. The company has a current ratio of 6.81, a quick ratio of 6.81 and a debt-to-equity ratio of 0.48. The stock has a market cap of $2.96 billion, a PE ratio of 70.78 and a beta of 3.93. The company has a 50-day moving average price of $134.52 and a two-hundred day moving average price of $107.20. Dave Inc has a 1-year low of $28.31 and a 1-year high of $222.17.

Dave (NASDAQ:DAVE - Get Free Report) last issued its earnings results on Thursday, May 8th. The fintech company reported $1.97 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts anticipate that Dave Inc will post 1.07 earnings per share for the current year.

Dave declared that its Board of Directors has initiated a share buyback program on Monday, March 10th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the fintech company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership 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 the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter. 18.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DAVE shares. Benchmark boosted their price objective on Dave from $202.00 to $229.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Wall Street Zen raised Dave from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. B. Riley boosted their price objective on Dave from $206.00 to $239.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Lake Street Capital boosted their price objective on Dave from $118.00 to $177.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, JMP Securities boosted their price objective on Dave from $125.00 to $200.00 and gave the stock a "market outperform" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $189.00.

About Dave

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.