Seaport Res Ptn Issues Optimistic Estimate for Dave Earnings

Key Points

• Seaport Res Ptn has raised its Q3 2025 earnings per share (EPS) estimate for Dave Inc. to $1.76, up from a previous estimate of $1.69.
• Multiple analysts have issued positive ratings for Dave's stock, with price targets ranging from $239.00 to $300.00, reflecting a consensus rating of "Moderate Buy."
• The company's CEO recently sold a significant amount of stock, reducing his ownership by 27.27%, while Dave has also announced a share buyback authorization of $125 million.

Dave Inc. (NASDAQ:DAVE - Free Report) - Research analysts at Seaport Res Ptn boosted their Q3 2025 EPS estimates for Dave in a note issued to investors on Monday, October 13th. Seaport Res Ptn analyst J. Cantwell now forecasts that the fintech company will post earnings per share of $1.76 for the quarter, up from their previous forecast of $1.69. The consensus estimate for Dave's current full-year earnings is $1.07 per share.

Several other research analysts have also recently commented on the stock. JPMorgan Chase & Co. set a $300.00 price target on shares of Dave in a report on Friday, September 26th. Barrington Research reiterated an "outperform" rating and set a $290.00 price target on shares of Dave in a research note on Monday, August 18th. Citigroup reiterated an "outperform" rating on shares of Dave in a research note on Thursday, August 7th. JMP Securities raised their target price on shares of Dave from $280.00 to $300.00 and gave the stock a "market outperform" rating in a research note on Friday, September 26th. Finally, B. Riley increased their price target on shares of Dave from $239.00 to $277.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $274.13.

Dave Stock Up 3.8%

Shares of NASDAQ DAVE opened at $202.43 on Tuesday. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 53.55 and a beta of 3.88. Dave has a 52-week low of $37.44 and a 52-week high of $286.45. The company's 50-day simple moving average is $207.74 and its 200-day simple moving average is $184.80. The company has a quick ratio of 9.51, a current ratio of 9.51 and a debt-to-equity ratio of 0.35.

Institutional Investors Weigh In On Dave

Several hedge funds have recently modified their holdings of the business. WealthCollab LLC acquired a new position in Dave during the second quarter worth $30,000. Nisa Investment Advisors LLC lifted its stake in Dave by 4,933.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company's stock valued at $41,000 after acquiring an additional 148 shares in the last quarter. Team Financial Group LLC bought a new stake in Dave in the 3rd quarter valued at approximately $54,000. KBC Group NV acquired a new position in shares of Dave during the 2nd quarter worth approximately $85,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Dave in the 2nd quarter valued at $141,000. 18.01% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Jason Wilk sold 81,693 shares of the company's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $230.28, for a total value of $18,812,264.04. Following the completion of the sale, the chief executive officer owned 217,854 shares of the company's stock, valued at $50,167,419.12. This represents a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Imran Khan sold 39,534 shares of the company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $223.13, for a total transaction of $8,821,221.42. Following the completion of the sale, the director directly owned 79,110 shares of the company's stock, valued at $17,651,814.30. The trade was a 33.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 226,943 shares of company stock valued at $50,301,987. 28.48% of the stock is currently owned by company insiders.

Dave announced that its board has authorized a share repurchase plan on Wednesday, August 13th that authorizes the company to buyback $125.00 million in shares. This buyback authorization authorizes the fintech company to repurchase up to 5.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its stock is undervalued.

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.

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