Key Points
- Director Imran Khan executed heavy insider sales: between Dec. 15–18 he sold about 97,771 shares of Dave for roughly $19.2 million, trimming his reported stake by ~94% to 2,110 shares.
- Company fundamentals and analyst sentiment remain positive: Dave posted a strong Q3 EPS beat ($4.24 vs. $2.29 est.) with high profitability metrics, and analysts hold a consensus "Moderate Buy" with an average price target of about $304.
Dave Inc. (NASDAQ:DAVE - Get Free Report) Director Imran Khan sold 33,270 shares of the firm's stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $199.34, for a total value of $6,632,041.80. Following the sale, the director directly owned 2,110 shares in the company, valued at approximately $420,607.40. The trade was a 94.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Imran Khan also recently made the following trade(s):
- On Thursday, December 18th, Imran Khan sold 3,108 shares of Dave stock. The stock was sold at an average price of $200.75, for a total transaction of $623,931.00.
- On Thursday, December 18th, Imran Khan sold 1,146 shares of Dave stock. The shares were sold at an average price of $204.00, for a total transaction of $233,784.00.
- On Tuesday, December 16th, Imran Khan sold 10,577 shares of Dave stock. The stock was sold at an average price of $195.68, for a total transaction of $2,069,707.36.
- On Monday, December 15th, Imran Khan sold 30,835 shares of Dave stock. The stock was sold at an average price of $192.17, for a total transaction of $5,925,561.95.
- On Tuesday, December 16th, Imran Khan sold 18,835 shares of Dave stock. The shares were sold at an average price of $196.94, for a total transaction of $3,709,364.90.
Dave Price Performance
NASDAQ DAVE opened at $215.25 on Friday. The firm's fifty day simple moving average is $215.90 and its two-hundred day simple moving average is $216.46. The firm has a market capitalization of $2.91 billion, a P/E ratio of 21.33 and a beta of 3.90. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.26. Dave Inc. has a 12-month low of $65.46 and a 12-month high of $286.45.
Dave (NASDAQ:DAVE - Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The fintech company reported $4.24 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $1.95. Dave had a return on equity of 65.86% and a net margin of 29.85%.The firm had revenue of $150.73 million during the quarter, compared to analysts' expectations of $153.09 million. Analysts forecast that Dave Inc. will post 1.07 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research firms recently commented on DAVE. Zacks Research upgraded shares of Dave from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 18th. Citizens Jmp boosted their price objective on shares of Dave from $300.00 to $310.00 and gave the company a "market outperform" rating in a report on Wednesday, November 5th. B. Riley restated a "buy" rating and issued a $297.00 target price (up previously from $277.00) on shares of Dave in a research note on Wednesday, November 5th. JMP Securities set a $310.00 price target on Dave in a research report on Wednesday, November 5th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Dave in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $304.25.
View Our Latest Stock Analysis on Dave
Institutional Investors Weigh In On Dave
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DAVE. WealthCollab LLC purchased a new position in shares of Dave during the 2nd quarter valued at about $30,000. National Bank of Canada FI purchased a new position in Dave during the third quarter valued at approximately $30,000. Nisa Investment Advisors LLC lifted its holdings in Dave by 4,933.3% in the second 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 during the period. Exchange Traded Concepts LLC purchased a new stake in Dave in the 3rd quarter worth approximately $47,000. Finally, Team Financial Group LLC purchased a new stake in Dave in the 3rd quarter worth approximately $54,000. 18.01% of the stock is owned by institutional investors and hedge funds.
Key Stores Impacting Dave
Here are the key news stories impacting Dave this week:
- Positive Sentiment: Analyst and fundamentals support — several firms have reiterated buy/outperform ratings and lifted targets (consensus average target ~ $304), and the company reported a sizeable Q3 EPS beat on Nov. 4 (EPS $4.24 vs. $2.29 est.), underscoring profitability strength. These factors are a primary bullish driver. MarketBeat DAVE coverage
- Neutral Sentiment: Sector backdrop piece — Zacks highlights accelerating demand for tech-driven business services into 2026, which is a potential tailwind if Dave continues to scale its fintech platform, though the article does not explicitly single out DAVE. Zacks: 4 Business Services Stocks
- Neutral Sentiment: Headline noise from unrelated “Dave” stories — multiple gaming and entertainment articles about the videogame “Dave the Diver” (DLC, Xbox discounts, mobile ports) and various media/sports figures named Dave are circulating. These do not affect Dave Inc.’s business but can generate name confusion in newsfeeds. (Examples: Gematsu, PureXbox, PC Gamer, PocketTactics.) Gematsu: Dave the Diver DLC PureXbox PC Gamer
- Negative Sentiment: Insider selling — Director Imran Khan sold large blocks of DAVE stock across Dec. 15–16 (transactions reported at ~$192–$197), cutting his reported holdings by roughly half and generating millions in proceeds. Heavy director selling is a near-term negative signal that likely contributed to intraday weakness and increased volatility. SEC filings/coverage here. SEC filing: insider ownership
Dave Company Profile
(
Get Free Report)
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.
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