Streetbeat News

DAVE

Dave Inc.

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.

Open

83.00

Mkt cap

1.1B

Volume

482K

High

87.60

P/E Ratio

20.60

52-wk high

125.00

Low

83.00

Div yield

N/A

52-wk low

28.31

Barrington Research analyst Gary Prestopino maintains an Outperform rating on Dave (NASDAQ:DAVE) and raises the price target from $45 to $65.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:00 pm

Over the past three months, Dave Inc (NASDAQ:DAVE) received diverse analyst ratings, ranging from bullish to bearish, with a recent shift towards a somewhat bullish outlook. The average 12-month price target for Dave has been raised to $58.75, indicating a positive sentiment shift. Analysts from JMP Securities and Barrington Research have adjusted their ratings and price targets, reflecting an optimistic view on Dave's financial performance, which includes a notable revenue growth rate of 22.53%, an exceptional net margin of 0.24%, and strong ROE and ROA figures. However, Dave's high debt-to-equity ratio of 2.08 poses a challenge.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 7:00 pm

JMP Securities analyst Devin Ryan has maintained a Market Outperform rating on Dave (NASDAQ:DAVE) and increased the price target from $70 to $75.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:55 pm

Beyond, Inc. (NYSE:BYON) shares plummeted over 20% due to disappointing quarterly results, missing both earnings and revenue estimates. Other stocks experienced significant movements, with companies like Golden Sun Health Technology Group Limited (NASDAQ:GSUN) and MMTec, Inc. (NASDAQ:MTC) seeing substantial gains. The article also highlights losers of the day, including Holdco Nuvo Group D.G Ltd (NASDAQ:NUVO) and The Real Good Food Company, Inc. (NASDAQ:RGF), which saw notable declines.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 6:35 pm

U.S. stocks were higher on Tuesday, with notable gains from Tempur Sealy International, Inc. (TPX) after reporting upbeat quarterly earnings despite a sales decline. Other companies like Great Lakes Dredge & Dock Corporation (GLDD), Dave Inc. (DAVE), and Fabrinet (FN) also saw significant stock price increases following better-than-expected financial results or guidance.

Portfolio Pulse from Avi Kapoor

May 07, 2024 | 2:54 pm

Clearmind Medicine (CMND) shares surged 60% following an exclusive patent licensing agreement with Yissum Research Development Company. Hims & Hers Health (HIMS) shares rose 18% after reporting Q1 financial results that exceeded expectations and providing optimistic Q2 and FY24 revenue guidance. Dave (DAVE) shares increased 22% after announcing better-than-expected Q1 financial results and FY24 operating revenue forecast.

Portfolio Pulse from ryanfaloona@benzinga.com

May 07, 2024 | 12:36 pm

Dave shares are trading higher following the announcement of better-than-expected Q1 financial results and the issuance of FY24 operating revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:15 pm

In Tuesday's pre-market session, several information technology stocks showed significant movement. Notably, ReAlpha Tech Corp (AIRE) surged 71.6%, while Zeta Global Holdings (ZETA) and Dave (DAVE) also saw substantial gains following their Q1 earnings releases. Conversely, Teradata (TDC) and Datadog (DDOG) experienced notable declines after their Q1 earnings reports. Other stocks like Thoughtworks Holding (TWKS), Valens Semiconductor (VLN), and Fabrinet (FN) also moved positively, whereas Syntec Optics Holdings (OPTX), Palantir Technologies (PLTR), DZS (DZSI), and ZeroFox Holdings (ZFOX) were among the losers.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 12:06 pm

Dave Inc. (NASDAQ:DAVE) reported Q1 2024 earnings of $0.62 per share, surpassing the consensus estimate of $(0.28) by 321.43%. Quarterly sales were $73.600M, exceeding estimates of $70.750M by 4.03%, marking a 24.90% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:36 am

Barrington Research analyst Gary Prestopino maintains an Outperform rating on Dave (NASDAQ:DAVE) with a $45 price target.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 2:27 pm

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