Comprehensive Financial Planning Inc. PA Invests $359,000 in Dave Inc. $DAVE

Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Dave Inc. (NASDAQ:DAVE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,339 shares of the fintech company’s stock, valued at approximately $359,000.

Several other institutional investors and hedge funds have also bought and sold shares of DAVE. SBI Securities Co. Ltd. grew its position in shares of Dave by 3.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,953 shares of the fintech company’s stock worth $524,000 after buying an additional 60 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Dave by 4,933.3% in the second quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company’s stock worth $41,000 after acquiring an additional 148 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in Dave by 11.8% in the second quarter. KLP Kapitalforvaltning AS now owns 1,900 shares of the fintech company’s stock valued at $510,000 after acquiring an additional 200 shares in the last quarter. Leavell Investment Management Inc. increased its position in Dave by 4.6% during the 2nd quarter. Leavell Investment Management Inc. now owns 4,510 shares of the fintech company’s stock valued at $1,211,000 after purchasing an additional 200 shares during the period. Finally, KBC Group NV purchased a new position in Dave during the 2nd quarter valued at $85,000. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Dave Stock Down 2.3%

DAVE stock opened at $241.21 on Wednesday. Dave Inc. has a twelve month low of $59.18 and a twelve month high of $286.45. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.26. The firm has a market cap of $3.26 billion, a PE ratio of 23.91 and a beta of 3.89. The business has a 50 day moving average of $221.07 and a 200 day moving average of $209.07.

Dave (NASDAQ:DAVE) last released its earnings results on Tuesday, November 4th. The fintech company reported $4.24 EPS 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 $139.30 million for the quarter, compared to analysts’ expectations of $153.09 million. Dave has set its FY 2025 guidance at EPS. On average, research analysts forecast that Dave Inc. will post 1.07 EPS for the current fiscal year.

Dave announced that its Board of Directors has approved a stock repurchase plan on Wednesday, August 13th that allows the company to buyback $125.00 million in outstanding shares. This buyback authorization allows the fintech company to repurchase up to 5.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at Dave

In other news, Director Yadin Rozov sold 4,726 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $228.06, for a total transaction of $1,077,811.56. Following the sale, the director owned 75,197 shares in the company, valued at $17,149,427.82. This represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jason Wilk sold 81,693 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $230.28, for a total transaction of $18,812,264.04. Following the sale, the chief executive officer directly owned 217,854 shares of the company’s stock, valued at $50,167,419.12. This trade represents a 27.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 226,943 shares of company stock valued at $50,301,987. 28.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. JMP Securities set a $310.00 target price on shares of Dave in a research report on Wednesday, November 5th. Canaccord Genuity Group raised their price objective on shares of Dave from $229.00 to $274.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen upgraded Dave from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised Dave from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, November 5th. Finally, Lake Street Capital restated a “buy” rating and issued a $308.00 target price on shares of Dave in a research note on Wednesday, November 5th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $304.25.

Dave Company Profile

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.