Key Points
- Dave CEO Jason Wilk sold 8,474 shares on June 2 at an average price of $275.05, totaling about $2.33 million. After the sale, he still directly owned 299,950 shares valued at roughly $82.5 million.
- The company recently reported stronger-than-expected quarterly results, with EPS of $3.64 versus estimates of $2.86 and revenue of $158.41 million versus expectations of $153.67 million. Dave also issued FY 2026 EPS guidance of 16.25 to 16.75.
- Analysts remain largely positive on DAVE, with an average rating of “Moderate Buy” and an average target price of $323.40. Several firms recently raised price targets, and the stock has also been supported by a $300 million share buyback authorization.
Dave Inc. (NASDAQ:DAVE - Get Free Report) CEO Jason Wilk sold 8,474 shares of the company's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the sale, the chief executive officer directly owned 299,950 shares in the company, valued at $82,501,247.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Dave Stock Performance
Shares of DAVE opened at $261.69 on Friday. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $3.33 billion, a P/E ratio of 16.83 and a beta of 3.87. The firm's fifty day simple moving average is $232.43 and its two-hundred day simple moving average is $211.39. Dave Inc. has a 12 month low of $152.21 and a 12 month high of $293.90.
Dave (NASDAQ:DAVE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating analysts' consensus estimates of $2.86 by $0.78. The business had revenue of $158.41 million for the quarter, compared to analysts' expectations of $153.67 million. Dave had a net margin of 37.22% and a return on equity of 77.70%. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, analysts predict that Dave Inc. will post 14.7 EPS for the current year.
Dave declared that its board has initiated a share buyback program on Monday, March 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the fintech company to reacquire up to 11.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.
Institutional Investors Weigh In On Dave
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Prospect Capital Advisors LLC raised its holdings in shares of Dave by 39.4% in the 1st quarter. Prospect Capital Advisors LLC now owns 52,240 shares of the fintech company's stock worth $9,094,000 after acquiring an additional 14,760 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Dave in the 1st quarter worth about $373,000. Janus Henderson Group PLC raised its holdings in shares of Dave by 1.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,805 shares of the fintech company's stock worth $2,228,000 after acquiring an additional 230 shares during the last quarter. Amundi acquired a new stake in shares of Dave in the 1st quarter worth about $224,000. Finally, California State Teachers Retirement System raised its holdings in shares of Dave by 26.5% in the 1st quarter. California State Teachers Retirement System now owns 13,147 shares of the fintech company's stock worth $2,289,000 after acquiring an additional 2,756 shares during the last quarter. Institutional investors and hedge funds own 18.01% of the company's stock.
Analyst Ratings Changes
DAVE has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Dave from $295.00 to $330.00 and gave the stock an "outperform" rating in a research report on Monday, May 4th. Wall Street Zen cut shares of Dave from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Benchmark reissued a "buy" rating on shares of Dave in a research report on Friday, May 29th. Lake Street Capital reissued a "buy" rating and set a $332.00 price objective on shares of Dave in a research report on Wednesday, May 6th. Finally, Canaccord Genuity Group increased their price objective on shares of Dave from $328.00 to $342.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Dave presently has an average rating of "Moderate Buy" and an average target price of $323.40.
View Our Latest Report on DAVE
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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