Dave (NASDAQ:DAVE) Trading Down 6.6% – Should You Sell?

Dave Inc. (NASDAQ:DAVE)’s share price traded down 6.6% during trading on Tuesday . The company traded as low as $335.06 and last traded at $335.8540. Approximately 217,936 shares were traded during mid-day trading, a decline of 61% from the average session volume of 555,469 shares. The stock had previously closed at $359.52.

Analysts Set New Price Targets

DAVE has been the subject of several recent research reports. Barrington Research raised their price target on Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, June 12th. Citigroup reiterated an “outperform” rating on shares of Dave in a research report on Thursday, August 6th. Piper Sandler initiated coverage on shares of Dave in a research report on Monday, August 17th. They set an “overweight” rating and a $390.00 price target for the company. Evercore assumed coverage on shares of Dave in a research report on Wednesday, May 27th. They set a “hold” rating and a $260.00 price target on the stock. Finally, Lake Street Capital reissued a “buy” rating and issued a $450.00 price objective on shares of Dave in a research report on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $410.82.

Dave Stock Up 3.5%

The business has a 50 day simple moving average of $377.16 and a 200 day simple moving average of $282.95. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.22 and a quick ratio of 4.22. The stock has a market cap of $4.92 billion, a PE ratio of 25.05 and a beta of 3.83.

Dave (NASDAQ:DAVE) last issued its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). The firm had revenue of $170.79 million during the quarter, compared to analyst estimates of $171.11 million. Dave had a return on equity of 77.46% and a net margin of 34.58%.Dave has set its FY 2026 guidance at 17.000-17.500 EPS. On average, equities research analysts forecast that Dave Inc. will post 13.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DAVE. JPMorgan Chase & Co. lifted its position in shares of Dave by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after acquiring an additional 65 shares during the period. Prudential Financial Inc. acquired a new stake in Dave in the second quarter valued at approximately $324,000. Invesco Ltd. lifted its stake in shares of Dave by 2,379.9% in the 2nd quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock valued at $26,166,000 after acquiring an additional 93,554 shares during the last quarter. First Trust Advisors LP bought a new stake in Dave during the 2nd quarter worth $18,710,000. Finally, Cresset Asset Management LLC acquired a new position in Dave in the 2nd quarter worth about $402,000. 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.