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

Dave (NASDAQ:DAVE) reported Q3 losses of $(1.01) per share, beating the analyst consensus estimate of $(1.88) by 46.28%. This is a 75.72% increase over losses from the same period last year. The company also reported quarterly sales of $65.81 million, beating the analyst consensus estimate of $62.25 million by 5.72%. This is a 15.85% increase over sales from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

November 07, 2023 | 10:01 pm

During Monday's pre-market session, several information technology stocks experienced significant movement. Auddia, Wrap Technologies, NextNav, Movella Holdings, American Software, and XIAO-I saw their stocks rise, with XIAO-I announcing H1 earnings. On the other hand, MicroAlgo, GSE Systems, Dave, Ondas Holdings, Kingsoft Cloud Hldgs, and EMCORE saw their stocks fall.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 1:05 pm

Dave Inc. (NASDAQ:DAVE) has amended its existing Delayed Draw Senior Secured Loan Facility with Victory Park Capital Advisors, increasing the total size by $50 million to $150 million, increasing the advance rate by over 800 basis points, reducing cost of funds by nearly 200 basis points, and extending the maturity by approximately two years to December 15, 2026. The amendment provides Dave with more leverage, capacity, and term at a lower cost, supporting its growth objectives and liquidity position.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 8:09 pm

During Friday's intraday session, several information technology stocks experienced significant movements. Gainers included Taoping (NASDAQ:TAOP), Hitek Global (NASDAQ:HKIT), Dell Technologies (NYSE:DELL), Nutanix (NASDAQ:NTNX), Samsara (NYSE:IOT), and Dave (NASDAQ:DAVE). Losers included CXApp (NASDAQ:CXAI), Infobird Co (NASDAQ:IFBD), Akerna (NASDAQ:KERN), Minim (NASDAQ:MINM), Soluna Holdings (NASDAQ:SLNH), and Cemtrex (NASDAQ:CETXP). Earnings reports were released for TAOP, DELL, NTNX, and IOT.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:31 pm

Several information technology stocks experienced significant movement in Wednesday's after-market session. Notable gainers included FOXO Technologies (AMEX:FOXO), Splunk (NASDAQ:SPLK), Nano Labs (NASDAQ:NA), NVIDIA (NASDAQ:NVDA), Super Micro Computer (NASDAQ:SMCI), and WiSA Technologies (NASDAQ:WISA). On the other hand, AgileThought (NASDAQ:AGIL), Dave (NASDAQ:DAVE), Red Cat Hldgs (NASDAQ:RCAT), VNET Gr (NASDAQ:VNET), Verb Tech (NASDAQ:VERB), and AvePoint (NASDAQ:AVPT) saw their stock prices decline.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 9:32 pm

Dave Inc. has updated its FY23 financial outlook, expecting Non-GAAP operating revenue between $235M-$260M, an annual growth of 11%-23%. The company is also raising its Non-GAAP variable profit margin outlook to 47%-51%, a 400 basis point increase from previous guidance. Adjusted EBITDA is expected to improve by 43%-60% from 2022, despite a $4M legal settlement related to a 2020 data breach.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 9:39 pm

Dave (NASDAQ:DAVE) reported Q2 losses of $(1.90) per share, beating the analyst consensus estimate of $(1.97) by 3.55%. However, the company's quarterly sales of $61.23 million missed the analyst consensus estimate of $61.55 million by 0.51%. Compared to the same period last year, the losses decreased by 15.18% and sales increased by 33.69%.

Portfolio Pulse from sunil@benzinga.com

August 08, 2023 | 9:26 pm

During Monday's intraday session, several IT stocks experienced significant price movements. Gainers included D-Wave Quantum, CXApp, Soluna Holdings, Latch, Dave, and Opera, while losers were Cyxtera Technologies, Universal Security, Rubicon Technologies, EPAM Sys, Cemtrex, and Digital Ally.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 5:31 pm

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