Holdings of Dave Inc. (DAVE) are aligned with the stars

Dave Inc. (NASDAQ: DAVE) stock fell -1.27% on Friday to $0.78 against a previous-day closing price of $0.79. With 3.48 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.23 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.8200 whereas the lowest price it dropped to was $0.7204. The 52-week range on DAVE shows that it touched its highest point at $15.35 and its lowest point at $0.54 during that stretch. It currently has a 1-year price target of $0.65.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DAVE was up-trending over the past week, with a rise of 13.04%, but this was up by 13.39% over a month. Three-month performance dropped to -77.84% while six-month performance fell -92.79%. The stock lost -92.10% in the past year, while it has lost -92.39% so far this year. A look at the trailing 12-month EPS for DAVE yields -0.16 with Next year EPS estimates of -0.24. For the next quarter, that number is -0.07. This implies an EPS growth rate of -187.40% for this year and 17.20% for next year.

Float and Shares Shorts:

At present, 371.99 million DAVE shares are outstanding with a float of 194.79 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.46 million, which was 1.46% higher than short shares on Jun 14, 2022. In addition to Mr. Jason Wilk as the firm’s Co-Founder, CEO, Pres & Chairman, Mr. Kyle Beilman serves as its CFO & Sec.

Institutional Ownership:

Through their ownership of 14.42% of DAVE’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.93% of DAVE, in contrast to 1.67% held by mutual funds. Shares owned by individuals account for 1.41%. As the largest shareholder in DAVE with 4.28% of the stake, Tiger Global Management LLC holds 13,844,459 shares worth 13,844,459. A second-largest stockholder of DAVE, Corbin Capital Partners LP, holds 4,647,411 shares, controlling over 1.44% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in DAVE, holding 2,299,798 shares or 0.71% stake. With a 0.70% stake in DAVE, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 2,249,990 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.27% of DAVE stock, is the second-largest Mutual Fund holder. It holds 873,033 shares valued at 0.6 million. Schwab US Small Cap ETF holds 0.21% of the stake in DAVE, owning 664,846 shares worth 0.46 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DAVE since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DAVE analysts setting a high price target of $0.65 and a low target of $0.65, the average target price over the next 12 months is $0.65. Based on these targets, DAVE could drop -16.67% to reach the target high and fall by -16.67% to reach the target low. Reaching the average price target will result in a decline of -16.67% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DAVE will report FY 2022 earnings on 03/20/2023. Analysts have provided yearly estimates in a range of -$0.29 being high and -$0.29 being low. For DAVE, this leads to a yearly average estimate of -$0.29. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Based on analyst estimates, the high estimate for the next quarter is -$0.07 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.07.

Summary of Insider Activity:

Insiders traded DAVE stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 124,209,673 while 0 shares were sold.

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