Imran Khan Sells 30,835 Shares of Dave (NASDAQ:DAVE) Stock

Dave Inc. (NASDAQ:DAVE) Director Imran Khan sold 30,835 shares of Dave stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $192.17, for a total transaction of $5,925,561.95. Following the completion of the transaction, the director directly owned 33,463 shares in the company, valued at $6,430,584.71. This represents a 47.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Imran Khan also recently made the following trade(s):

• On Tuesday, December 16th, Imran Khan sold 10,577 shares of Dave stock. The stock was sold at an average price of $195.68, for a total transaction of $2,069,707.36.
• On Tuesday, December 16th, Imran Khan sold 18,835 shares of Dave stock. The stock was sold at an average price of $196.94, for a total transaction of $3,709,364.90.

Dave Price Performance

NASDAQ DAVE opened at $208.78 on Friday. Dave Inc. has a 1 year low of $65.46 and a 1 year high of $286.45. The business’s fifty day moving average is $215.49 and its two-hundred day moving average is $216.42. The stock has a market capitalization of $2.82 billion, a P/E ratio of 20.69 and a beta of 3.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 8.69 and a current ratio of 8.69.

Dave (NASDAQ:DAVE) last issued its earnings results on Tuesday, November 4th. The fintech company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $1.95. The business had revenue of $150.73 million for the quarter, compared to analysts’ expectations of $153.09 million. Dave had a return on equity of 65.86% and a net margin of 29.85%. On average, research analysts forecast that Dave Inc. will post 1.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. set a $300.00 price objective on shares of Dave in a research note on Friday, September 26th. Zacks Research upgraded shares of Dave from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. JMP Securities set a $310.00 price objective on shares of Dave in a research note on Wednesday, November 5th. Canaccord Genuity Group lifted their price objective on shares of Dave from $229.00 to $274.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Dave in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $304.25.

Hedge Funds Weigh In On Dave

A number of hedge funds have recently modified their holdings of the stock. WealthCollab LLC acquired a new stake in Dave during the second quarter valued at $30,000. National Bank of Canada FI purchased a new stake in shares of Dave during the 3rd quarter worth about $30,000. Nisa Investment Advisors LLC raised its stake in shares of Dave by 4,933.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company’s stock worth $41,000 after purchasing an additional 148 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Dave during the 3rd quarter valued at about $47,000. Finally, Team Financial Group LLC bought a new stake in shares of Dave in the 3rd quarter valued at approximately $54,000. 18.01% of the stock is owned by institutional investors and hedge funds.

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.