After A -11.40% Drop In The Last Week, Does Dave Inc. (NASDAQ: DAVE) Still Make Sense To Buy? – Marketing Sentinel
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After A -11.40% Drop In The Last Week, Does Dave Inc. (NASDAQ: DAVE) Still Make Sense To Buy?

During the last session, Dave Inc. (NASDAQ:DAVE)’s traded shares were 2.17 million. At the end of the trading day, the stock’s price was $0.87, reflecting an intraday loss of -3.89% or -$0.04. The 52-week high for the DAVE share is $15.35, that puts it down -1664.37 from that peak though still a striking 0.0% loss since the share price plummeted to a 52-week low of $0.87. The company’s market capitalization is $311.68M, and the average trade volume was 1.36 million shares over the past three months.

Dave Inc. (DAVE) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.00. DAVE has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.03.

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Dave Inc. (NASDAQ:DAVE) trade information

Dave Inc. (DAVE) registered a -3.89% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.89% in intraday trading to $0.87 this Thursday, 06/23/22, hitting a weekly high. The stock’s 5-day price performance is -11.40%, and it has moved by -61.40% in 30 days. Based on these gigs, the overall price performance for the year is -91.19%.

The consensus price target of analysts on Wall Street is $2.00, which implies an increase of 56.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.00 and $2.00 respectively. As a result, DAVE is trading at a discount of -129.89% off the target high and -129.89% off the low.

Dave Inc. (DAVE) estimates and forecasts

Statistics show that Dave Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Dave Inc. (DAVE) shares have gone down -91.24% during the last six months, with a year-to-date growth rate less than the industry average at -45.00% against 14.10.

Revenue for the current quarter is expected to be $42.6 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $49.35 million by the end of Jun 2022.

While earnings are projected to return -187.40% in 2022.

DAVE Dividends

Dave Inc. is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Dave Inc. (NASDAQ:DAVE)’s Major holders

Dave Inc. insiders own 41.81% of total outstanding shares while institutional holders control 12.55%, with the float percentage being 21.57%. Corbin Capital Partners, LP is the largest shareholder of the company, while 59 institutions own stock in it. As of Dec 30, 2021, the company held over 5.23 million shares (or 1.62% of all shares), a total value of $53.58 million in shares.

The next largest institutional holding, with 2.3 million shares, is of Blackrock Inc.’s that is approximately 0.71% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $16.48 million.

Also, the Mutual Funds coming in first place with the largest holdings of Dave Inc. (DAVE) shares are First Tr Exchange Traded Fd-First Trust Merger Arbitrage Fd and RiverPark Fds Tr-RiverPark Short Term High Yield Fd. Data provided on Dec 30, 2021 indicates that First Tr Exchange Traded Fd-First Trust Merger Arbitrage Fd owns about 0.28 million shares. This amounts to just over 0.09 percent of the company’s overall shares, with a $2.85 million market value. The same data shows that the other fund manager holds slightly less at 0.17 million, or about 0.05% of the stock, which is worth about $1.79 million.

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