Insider Selling: Dave (NASDAQ:DAVE) CEO Sells $2,330,773.70 in Stock

Dave Inc. (NASDAQ:DAVE) CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction that occurred 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 directly owned 299,950 shares in the company, valued at $82,501,247.50. The trade was a 2.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Dave Price Performance

Shares of NASDAQ:DAVE opened at $258.25 on Friday. Dave Inc. has a 1-year low of $152.21 and a 1-year high of $293.90. The firm has a market capitalization of $3.28 billion, a PE ratio of 16.61 and a beta of 3.87. The business’s 50 day moving average is $233.97 and its 200-day moving average is $211.72. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95.

Dave (NASDAQ:DAVE) last announced its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.78. Dave had a return on equity of 77.70% and a net margin of 37.22%.The company had revenue of $158.41 million for the quarter, compared to analyst estimates of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Sell-side analysts predict that Dave Inc. will post 14.7 earnings per share for the current year.

Dave announced that its Board of Directors has authorized a stock buyback program on Monday, March 2nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the fintech company to buy up to 11.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Key Headlines Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Seeking Alpha highlighted Dave’s improving fundamentals, citing strong Q1 growth, expanding margins, better credit quality, and aggressive buybacks. The note reiterated a Strong Buy view and a $350 price target, which supports the bullish case for DAVE. Dave: Credit Quality Keeps Improving As Earnings Surge
• Positive Sentiment: Zacks noted that DAVE has been outperforming peers this year and that analyst price targets imply meaningful upside, reinforcing expectations that the stock can continue to outperform if momentum holds. Wall Street Analysts Believe DAVE INC (DAVE) Could Rally 30.64%
• Neutral Sentiment: Coverage comparing DAVE with business-services peers was mainly a performance check-in and did not add a clear new catalyst for the stock. Is DAVE INC (DAVE) Stock Outpacing Its Business Services Peers This Year?
• Negative Sentiment: Jason Wilk sold 8,474 shares of Dave stock at an average price of $275.05, a move that can weigh on sentiment because insiders typically sell for many reasons, but large CEO sales are often read as a caution signal by investors. Insider Selling: Dave (NASDAQ:DAVE) CEO Sells 8,474 Shares of Stock

Hedge Funds Weigh In On Dave

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. raised its position in Dave by 22.7% in the 3rd quarter. Principal Financial Group Inc. now owns 67,792 shares of the fintech company’s stock valued at $13,514,000 after purchasing an additional 12,555 shares during the last quarter. SG Americas Securities LLC raised its position in Dave by 2,267.1% in the 4th quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock valued at $19,606,000 after purchasing an additional 84,811 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in Dave in the 3rd quarter valued at $1,826,000. Pictet Asset Management Holding SA raised its position in Dave by 372.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,841 shares of the fintech company’s stock valued at $1,293,000 after purchasing an additional 4,604 shares during the last quarter. Finally, Wilson Asset Management International PTY Ltd. bought a new position in Dave in the 3rd quarter valued at $1,561,000. Institutional investors own 18.01% of the company’s stock.

Wall Street Analyst Weigh In

DAVE has been the topic of several recent research reports. Weiss Ratings raised Dave from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Lake Street Capital restated a “buy” rating and set a $332.00 target price on shares of Dave in a research report on Wednesday, May 6th. Benchmark restated a “buy” rating on shares of Dave in a research report on Friday, May 29th. Keefe, Bruyette & Woods raised their target price on Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Finally, Canaccord Genuity Group raised their target price on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Dave currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.40.

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.