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

Earnings reports for March 5, 2024, include a mix of expected quarterly losses and earnings from various sectors. Notable companies like NIO, Target, and Nordstrom are among those reporting. The reports span across different industries, including automotive, retail, biotech, and technology, indicating a broad market impact.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 10:00 am

In Friday's intraday session, 12 Information Technology stocks showed significant movements. Notable gainers included Kopin, Remark Holdings, CCSC Technology, Minim, Dave, and Applied Optoelectronics, with increases ranging from 12.95% to 34.2%. On the downside, Addvantage Technologies, WaveDancer, Gen Digital, Cyngn, Atlassian, and Baijiayun Group experienced declines between 10.78% and 23.4%. Gen Digital and Atlassian's movements were influenced by their recent earnings reports.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 5:31 pm

In Monday's pre-market session, several IT stocks saw significant movement. Dave (DAVE), Synchronoss Technologies (SNCR), Teradyne (TER), Mawson Infra Gr (MIGI), ReAlpha Tech Corp (AIRE), and Alarum Technologies (ALAR) experienced gains, while Aeva Technologies (AEVA), SMX (Security Matters) (SMX), Bit Origin (BTOG), OneConnect Financial Tech (OCFT), Coda Octopus Group (CODA), and Inpixon (INPX) saw declines. Notably, CODA's Q4 earnings were released.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 1:05 pm

In Friday's intraday session, several IT stocks experienced significant movements. AppFolio's stock surged 28.3% after their Q4 earnings report. Mawson Infra Gr, Synchronoss Technologies, Cipher Mining, and Cyngn also saw gains. Conversely, Mobilicom, Ostin Technology Group, Dave, GSI Technology, QuickLogic, and Intel reported losses, with Intel's drop following their Q4 earnings release.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 5:31 pm

In Thursday's pre-market session, several IT stocks showed significant movement. Cyngn, Castellum, Digital Ally, COMSovereign Holding, BTCS, and Dave experienced gains, with Cyngn leading at a 25.8% increase. Conversely, Akoustis Technologies, CompoSecure, Phunware, LG Display Co, FOXO Technologies, and Infobird Co saw their shares fall, with Akoustis Technologies dropping by 30.1%. LG Display Co's decline followed their Q4 earnings release, while FOXO Technologies' drop came after their Q3 earnings were announced four days ago.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 1:05 pm

Dave Inc. (NASDAQ:DAVE) has agreed to repurchase a $100M convertible note from FTX Ventures Ltd. for $71M. The transaction is subject to approval by the Bankruptcy Court due to FTX's bankruptcy proceedings, with a hearing set for January 25, 2024. Dave's CEO believes this is a strategic capital allocation that supports their growth plan without needing extra equity capital.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 2:01 pm

Insider purchases were made in EyePoint Pharmaceuticals, Dave Inc., and Pulse Biosciences, signaling potential confidence in these companies. EyePoint Pharmaceuticals had a significant purchase by Cormorant Global Healthcare Master Fund LP, while also conducting an upsized public offering. Dave Inc. saw a purchase by Director Yadin Rozov following positive quarterly results. Pulse Biosciences had insider buying by Director Robert Duggan, as the company prepares for a catheter ablation feasibility study.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 11:44 am

In Tuesday's pre-market session, several information technology stocks showed significant movement. ReAlpha Tech Corp (AIRE) saw an 85.0% increase to $10.9, while Dave (DAVE) rose by 26.92% to $6.6. Quantum (QMCO) and Evolv Technologies (EVLV) also experienced gains. Conversely, Peraso (PRSO), Canadian Solar (CSIQ), and other stocks such as Bit Origin (BTOG) and HeartCore Enterprises (HTCR) faced declines. Earnings reports seem to be a driving factor for many of these movements.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 1:06 pm

Dave Inc. has raised its FY23 revenue guidance from $235M-$260M to $257M-$261M, against an estimate of $246.16M. The company's CFO, Kyle Beilman, stated that Q3 results show significant improvements in key financial and operational metrics, with origination volumes nearing $1 billion per quarter. The company also reported the lowest delinquency rates in its history and a 12% sequential increase in Dave Card engagement.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:43 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.