Dave (NASDAQ:DAVE) Trading Down 5.8% – Time to Sell?

Dave Inc. (NASDAQ:DAVE) traded down 5.8% on Friday . The company traded as low as $345.79 and last traded at $344.2050. 127,822 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 569,935 shares. The stock had previously closed at $365.26.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Raised 2026 outlook: Dave projected revenue of $725 million to $735 million and adjusted diluted EPS of $17.00 to $17.50. Management cited growth from CashAI v6, higher ExtraCash limits and improving credit losses, although it plans to increase marketing spending in the second half. Dave raises 2026 guidance
• Positive Sentiment: Analysts raised price targets: Citizens JMP increased its target to $475 and kept a market outperform rating; Keefe, Bruyette & Woods raised its target to $490 with an outperform rating; and B. Riley lifted its target to $449 with a buy rating. The revisions signal continued confidence in Dave’s earnings and product growth. Citizens JMP forecast KBW price target
• Positive Sentiment: Growth strategy remains centered on CashAI: Earnings-call coverage highlighted stronger user monetization, larger ExtraCash advances and improving credit performance as key drivers of the higher outlook. CashAI-led growth
• Neutral Sentiment: Coverage of Q2 earnings is mixed: One report cited adjusted EPS of $4.12, above the $3.69 consensus, while the company’s reported earnings data showed $0.49 EPS versus a $3.44 estimate. Investors may therefore be focusing on the distinction between adjusted and reported results. Dave Q2 earnings
• Negative Sentiment: Valuation and volatility concerns: Barron’s described Dave’s dramatic rebound after a prior 1-for-32 reverse split as a cautionary example for investors amid renewed SPAC activity. The stock’s elevated valuation and history of extreme volatility may be prompting profit-taking despite bullish targets. SPAC cautionary tale

Wall Street Analyst Weigh In

DAVE has been the subject of a number of research analyst reports. Weiss Ratings downgraded Dave from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. UBS Group boosted their price objective on Dave from $300.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Citizens Jmp upped their price objective on Dave from $450.00 to $475.00 and gave the company a “market outperform” rating in a research note on Thursday. Evercore started coverage on Dave in a research report on Wednesday, May 27th. They set a “hold” rating and a $260.00 target price for the company. Finally, Canaccord Genuity Group lifted their target price on Dave from $342.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dave currently has a consensus rating of “Moderate Buy” and an average price target of $412.90.

Dave Trading Down 13.0%

The firm has a 50 day moving average of $356.53 and a 200 day moving average of $261.06. The firm has a market cap of $4.04 billion, a PE ratio of 20.62 and a beta of 3.83. The company has a quick ratio of 3.86, a current ratio of 4.22 and a debt-to-equity ratio of 0.93.

Dave (NASDAQ:DAVE) last issued its earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.44 by ($2.95). The firm had revenue of $170.79 million during the quarter, compared to the consensus estimate of $171.11 million. Dave had a net margin of 34.58% and a return on equity of 77.46%. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Equities analysts anticipate that Dave Inc. will post 15.66 earnings per share for the current year.

Insider Buying and Selling

In other Dave news, Director Dan Preston sold 275 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total transaction of $68,103.75. Following the sale, the director owned 5,466 shares in the company, valued at $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jason Wilk sold 8,474 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total value of $2,330,773.70. Following the sale, the chief executive officer owned 299,950 shares in the company, valued at approximately $82,501,247.50. This represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 23.59% of the company’s stock.

Institutional Trading of Dave

Hedge funds and other institutional investors have recently made changes to their positions in the stock. WealthCollab LLC purchased a new stake in Dave during the 2nd quarter worth about $30,000. National Bank of Canada FI purchased a new position in Dave during the 3rd quarter valued at about $30,000. Blue Trust Inc. grew its holdings in Dave by 106.8% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after buying an additional 79 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Dave during the fourth quarter valued at about $36,000. Finally, Harbour Investments Inc. bought a new stake in shares of Dave during the fourth quarter valued at about $66,000. 18.01% of the stock is currently owned by institutional investors.

About Dave

Dave, Inc is a Los Angeles–based financial technology company founded in 2016 by Jason Wilk and John Wolanin. The company offers a subscription-based mobile app designed to help consumers avoid overdraft fees, manage their budgets and track expenses. Through its platform, members receive low-balance alerts, expense categorization and cash-advance capabilities tied to upcoming deposits.

At the core of Dave’s offering is fee-free overdraft protection: eligible users can request small, interest-free advances up to a preset limit, typically repaid on their next paycheck or deposit.