Dave Inc Director Sells Shares, Reflecting Confidence Concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12 Jan 26
Source: NASDAQ.COM
Dave Inc's stock fell 7.27% as it crossed below the 5-day SMA, reflecting investor concerns.
Director Imran Khan liquidated his entire holding of 1,146 shares for approximately $233,778, marking a complete exit from the company. This transaction indicates a potential decrease in confidence regarding the company's future prospects, especially following a series of smaller trades and amidst market volatility. The sale price was 7.8% below the market price at the time, suggesting a cautious exit.
Khan's liquidation comes after a significant stock surge of 337% over the past year, but the recent exit may raise questions among investors about the company's stability and future performance.
Analyst Views on DAVE
Wall Street analysts forecast DAVE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DAVE is 310.14 USD with a low forecast of 274.00 USD and a high forecast of 347.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 177.510
Low
274.00
Averages
310.14
High
347.00
Current: 177.510
Low
274.00
Averages
310.14
High
347.00
About DAVE
Dave Inc. specializes in neobanking and financial technology (fintech) services. The Company, through its fully integrated, mobile-first platform, delivers financial products designed to help underserved consumers manage their money more effectively. Its platform and products include ExtraCash and Dave Checking. ExtraCash is a 0% interest overdraft product offered through its bank partner that provides members with access to credit to bridge liquidity gaps between paychecks. Dave Checking is a digital demand deposit account offered through its bank partner with features, no account minimums or corresponding fees, and FDIC pass-through insurance eligibility that protects members from the failure of its bank partner. Dave Checking offers security controls such as multifactor authentication, contactless payment, instant card lock and protection against unauthorized purchases if cards are lost or stolen. Its personal financial management products include Budget, Side Hustle, and Surveys.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
