Dave (NASDAQ:DAVE – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday, Wall Street Zen reports.
Other equities research analysts have also recently issued reports about the company. Seaport Research Partners reaffirmed a “buy” rating and issued a $422.00 price target on shares of Dave in a research note on Thursday, October 8th. Citigroup reissued an “outperform” rating on shares of Dave in a research report on Thursday, August 6th. JPMorgan Chase & Co. lowered their price objective on Dave from $480.00 to $435.00 and set an “overweight” rating for the company in a research report on Thursday, November 5th. Canaccord Genuity Group boosted their target price on shares of Dave from $342.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Dave in a research report on Friday. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Dave currently has a consensus rating of “Moderate Buy” and a consensus target price of $425.69.
Get Our Latest Analysis on Dave
Dave Stock Performance
Dave stock opened at $282.65 on Friday. The stock’s 50 day simple moving average is $346.04 and its two-hundred day simple moving average is $289.65. The company has a debt-to-equity ratio of 0.93, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 32.14 and a beta of 4.07. Dave has a fifty-two week low of $152.21 and a fifty-two week high of $458.25.
Dave (NASDAQ:DAVE – Get Free Report) last posted its earnings results on Wednesday, November 4th. The fintech company reported $4.39 earnings per share for the quarter, topping analysts’ consensus estimates of $4.09 by $0.30. Dave had a return on equity of 60.98% and a net margin of 28.15%. The firm had revenue of $197.70 million for the quarter, compared to the consensus estimate of $191.89 million. As a group, analysts expect that Dave will post 13.04 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Dave
A number of institutional investors have recently made changes to their positions in DAVE. SBI Securities Co. Ltd. increased its position in Dave by 1.5% during the third quarter. SBI Securities Co. Ltd. now owns 1,812 shares of the fintech company’s stock valued at $583,000 after acquiring an additional 27 shares during the last quarter. Allworth Financial LP increased its position in shares of Dave by 25.4% during the 2nd quarter. Allworth Financial LP now owns 143 shares of the fintech company’s stock valued at $53,000 after purchasing an additional 29 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Dave by 1.5% in the 3rd quarter. Intech Investment Management LLC now owns 2,694 shares of the fintech company’s stock worth $866,000 after purchasing an additional 39 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Dave by 12.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 412 shares of the fintech company’s stock worth $132,000 after purchasing an additional 46 shares during the period. Finally, Gryphon Financial Partners LLC lifted its stake in shares of Dave by 4.3% in the 3rd quarter. Gryphon Financial Partners LLC now owns 1,315 shares of the fintech company’s stock worth $423,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 18.01% of the company’s stock.
Dave Company Profile
Dave Inc is a financial technology company that operates a mobile banking and personal finance platform in the United States. Its app is designed to help members manage everyday finances and access financial products through a digital interface.
The company’s offerings include ExtraCash, a cash advance product, and Dave Checking, along with budgeting features and tools intended to help users monitor spending and avoid overdrafts. Dave also provides access to job opportunities through its Side Hustle feature.
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