Key Points
- Imran Khan, a Dave director, sold 30,835 shares on Dec. 15 at an average $192.17 for $5.93M and completed two additional sales on Dec. 16, bringing total insider sales to 60,247 shares for about $11.70M and reducing his stake by ~47.96%.
- Dave posted a strong quarterly EPS beat (Q3 EPS $4.24 vs. $2.29 estimate) with high profitability (ROE 65.86%, net margin 29.85%), and analysts hold a "Moderate Buy" consensus with an average price target of $304.25.
Dave Inc. (NASDAQ:DAVE - Get Free Report) Director Imran Khan sold 30,835 shares of the firm's stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $192.17, for a total transaction of $5,925,561.95. Following the transaction, the director owned 33,463 shares in the company, valued at approximately $6,430,584.71. This trade represents a 47.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Imran Khan also recently made the following trade(s):
- On Tuesday, December 16th, Imran Khan sold 10,577 shares of Dave stock. The shares were sold at an average price of $195.68, for a total transaction of $2,069,707.36.
- On Tuesday, December 16th, Imran Khan sold 18,835 shares of Dave stock. The stock was sold at an average price of $196.94, for a total transaction of $3,709,364.90.
Dave Stock Down 1.0%
DAVE opened at $196.95 on Thursday. The business has a 50 day moving average price of $215.45 and a two-hundred day moving average price of $216.47. Dave Inc. has a 52 week low of $65.46 and a 52 week high of $286.45. The company has a market cap of $2.66 billion, a PE ratio of 19.52 and a beta of 3.90. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.26.
Dave (NASDAQ:DAVE - Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The fintech company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $2.29 by $1.95. The firm had revenue of $150.73 million during the quarter, compared to the consensus estimate of $153.09 million. Dave had a return on equity of 65.86% and a net margin of 29.85%. As a group, research analysts anticipate that Dave Inc. will post 1.07 EPS for the current year.
Institutional Trading of Dave
Institutional investors and hedge funds have recently bought and sold shares of the stock. WealthCollab LLC acquired a new stake in shares of Dave during the second quarter valued at approximately $30,000. National Bank of Canada FI acquired a new stake in shares of Dave in the third quarter worth $30,000. Nisa Investment Advisors LLC raised its position in Dave by 4,933.3% during the second quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company's stock valued at $41,000 after buying an additional 148 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Dave in the 3rd quarter worth about $47,000. Finally, Team Financial Group LLC acquired a new stake in Dave during the 3rd quarter worth about $54,000. Institutional investors and hedge funds own 18.01% of the company's stock.
Wall Street Analyst Weigh In
DAVE has been the topic of several recent analyst reports. Lake Street Capital reiterated a "buy" rating and set a $308.00 target price on shares of Dave in a research report on Wednesday, November 5th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Dave in a report on Monday. Zacks Research upgraded shares of Dave from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 18th. Citizens Jmp lifted their price target on shares of Dave from $300.00 to $310.00 and gave the company a "market outperform" rating in a research report on Wednesday, November 5th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Dave in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dave has a consensus rating of "Moderate Buy" and an average price target of $304.25.
Check Out Our Latest Research Report on DAVE
Dave Company Profile
(
Get Free Report)
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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