On August 8, Dave Inc fell 8.28% in regular trading, trading at $334.595/share, with turnover of approximately $92.11 million. The decline reflects continued profit-taking following the company's Q2 earnings release on August 5.
Dave Inc reported Q2 adjusted EPS of $4.12, beating the consensus estimate of $3.67 by 12.26%, while revenue of $170.8 million came roughly in line with expectations. The company also raised full-year guidance, projecting revenue of $725-$735 million and adjusted EPS of $17.00-$17.50, above prior targets. However, ahead of the report, multiple investment banks had aggressively raised price targets — Barrington Research lifted its target from $310 to $420-$440, while UBS raised from $300 to $470 — driving shares to approximately $424 pre-earnings. With optimistic expectations already fully priced in, the actual results, though beating consensus, failed to satisfy the elevated market pricing, triggering sustained selling pressure as investors locked in gains.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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