Streetbeat News

DAVE

Dave Inc.

https://dave.com

Industry

Software - Application

Dave Inc. provides a suite of financial products and services through its financial service online platform. The company offers Insights, a personal financial management tool to manage income and expenses between paychecks for members; ExtraCash, a free overdraft and short-term credit alternative, which allows members to advance funds to their account and avoid a fee; and Side Hustle, a job application portal. It also provides Dave Banking, a digital checking and demand deposit account. The company was founded in 2015 and is based in West Hollywood, California.

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Small-cap stocks in the Russell 2000 Index, including Dave Inc, SoundHound AI Inc, and Innodata Inc, are experiencing significant gains in 2024. Dave Inc has seen a 320% YTD increase, SoundHound AI a 139% rise, and Innodata a 119% surge, driven by fintech, AI, and data services expansions.

Portfolio Pulse from Surbhi Jain

August 19, 2024 | 7:16 pm

Shares of companies within the broader technology sector are trading higher amid overall market strength following softer-than-expected PPI figures.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:40 pm

Over the past three months, 9 analysts have evaluated Dave (NASDAQ:DAVE), with ratings ranging from bullish to bearish. The average 12-month price target is $61.11, with a high of $75.00 and a low of $53.00. Recent ratings show a decline of 7.41% from the prior average price target. Analysts have highlighted Dave's strong financial performance, including a 30.84% revenue growth rate, a net margin of 7.94%, and a debt-to-equity ratio of 0.53.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 7:00 pm

Benchmark analyst Mark Palmer has initiated coverage on Dave (NASDAQ:DAVE) with a Buy rating and set a price target of $53.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 5:08 pm

Barrington Research analyst Gary Prestopino maintains an Outperform rating on Dave (NASDAQ:DAVE) with a $65 price target.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:27 pm

Dave shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:12 pm

Dave shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:01 pm

Dave has raised its FY24 revenue guidance from $305M-$325M to $310M-$325M, with an estimated $319.06M. The company also increased its Adjusted EBITDA guidance from $30M-$40M to $40M-$50M. CFO Kyle Beilman highlighted strong credit performance and a positive outlook for the remainder of the year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:43 pm

Dave (NASDAQ:DAVE) reported strong Q2 earnings, with an adjusted EPS of $0.47, significantly beating the analyst estimate of $(0.18). Sales also surpassed expectations, reaching $80.10 million compared to the $75.50 million estimate. This marks a substantial improvement from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:42 pm

Barrington Research analyst Gary Prestopino maintains an Outperform rating on Dave (NASDAQ:DAVE) with a $65 price target.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 4:26 pm

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