Seaport Res Ptn Forecasts Dave’s Q3 Earnings (NASDAQ:DAVE)

Dave Inc. (NASDAQ:DAVE) – Equities research analysts at Seaport Res Ptn boosted their Q3 2025 earnings per share estimates for shares of Dave in a research note issued on Monday, October 13th. Seaport Res Ptn analyst J. Cantwell now anticipates that the fintech company will earn $1.76 per share for the quarter, up from their previous forecast of $1.69. The consensus estimate for Dave’s current full-year earnings is $1.07 per share.

Several other analysts also recently weighed in on DAVE. Citizens Jmp upped their price target on Dave from $280.00 to $300.00 and gave the stock a “mkt outperform” rating in a research note on Friday, September 26th. Zacks Research downgraded Dave from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Wall Street Zen downgraded Dave from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Citigroup restated an “outperform” rating on shares of Dave in a research note on Thursday, August 7th. Finally, Benchmark reiterated a “buy” rating and set a $320.00 target price on shares of Dave in a research note on Wednesday, October 1st. Eight investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Dave has a consensus rating of “Moderate Buy” and an average target price of $274.13.

Dave Stock Performance

Dave stock opened at $216.25 on Tuesday. The company has a quick ratio of 9.51, a current ratio of 9.51 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $2.92 billion, a P/E ratio of 57.21 and a beta of 3.88. The stock’s 50 day moving average is $207.29 and its 200 day moving average is $185.68. Dave has a twelve month low of $37.44 and a twelve month high of $286.45.

Hedge Funds Weigh In On Dave

A number of institutional investors and hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new position in shares of Dave in the 3rd quarter worth $47,000. Voya Investment Management LLC boosted its stake in shares of Dave by 5,603.0% in the 3rd quarter. Voya Investment Management LLC now owns 144,285 shares of the fintech company’s stock worth $28,763,000 after buying an additional 141,755 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in shares of Dave by 32.4% in the 3rd quarter. Harbour Capital Advisors LLC now owns 3,045 shares of the fintech company’s stock worth $618,000 after buying an additional 745 shares during the last quarter. Team Financial Group LLC purchased a new position in shares of Dave in the 3rd quarter worth $54,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Dave by 4,341.4% in the 2nd quarter. Osaic Holdings Inc. now owns 13,724 shares of the fintech company’s stock worth $3,683,000 after buying an additional 13,415 shares during the last quarter. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dave

In other Dave news, Director Yadin Rozov sold 4,726 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $228.06, for a total transaction of $1,077,811.56. Following the sale, the director directly owned 75,197 shares in the company, valued at approximately $17,149,427.82. This trade represents a 5.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Imran Khan sold 8,535 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $217.70, for a total value of $1,858,069.50. Following the sale, the director owned 48,885 shares in the company, valued at approximately $10,642,264.50. This represents a 14.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 226,943 shares of company stock worth $50,301,987. Insiders own 28.48% of the company’s stock.

Dave declared that its board has initiated a share buyback program on Wednesday, August 13th that permits the company to repurchase $125.00 million in outstanding shares. This repurchase authorization permits the fintech company to purchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

About Dave

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.