Street Calls of the Week
Director Imran Khan of Dave Inc. (NASDAQ:DAVE) sold shares of Class A Common Stock on September 15 and 16, 2025, for a total value of $11.2 million. The sales were executed at prices ranging from $207.47 to $229.96. The transaction comes as Dave’s stock has shown remarkable performance, with a 470% return over the past year and a current market capitalization of $2.89 billion. According to InvestingPro analysis, the company maintains a GREAT overall financial health score.
Khan sold a total of 49,336 shares. The sales were executed in multiple transactions. The shares are indirectly owned By Proem Investments Master Fund LP and Proem Special Situations Fund I, LP. Want deeper insights into Dave Inc.’s valuation and growth prospects? InvestingPro subscribers have access to 12 additional exclusive ProTips and comprehensive financial analysis.
These sales were executed pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on behalf of Proem Investments Master Fund, LP and Proem Special Situations Fund I, LP on March 14, 2025. The stock currently trades at a P/E ratio of 56.68, reflecting the market’s strong growth expectations for the company.
In other recent news, Dave Inc reported second-quarter earnings that surpassed analyst expectations, with revenue reaching $132 million. This marks a 64% increase year-over-year and a 22% rise from the previous quarter, outperforming JMP Securities’ projections by 16%. Consequently, JMP Securities raised its price target for Dave Inc to $280, maintaining a Market Outperform rating. Benchmark has reiterated its Buy rating on Dave Inc, setting a price target of $320 following an investor meeting with the company’s CEO and CFO. The firm confirmed that Dave’s margins would not be impacted by JPMorgan Chase’s new data aggregator charging policy. Additionally, Dave Inc announced the full implementation of CashAI v5.5, a significant upgrade to its cash flow underwriting engine, which has been enhanced using over 7 million recent ExtraCash originations. Furthermore, the company’s Board of Directors has increased the share repurchase authorization to $125 million, up from the previous $50 million. To date, Dave Inc has spent over $45 million on share repurchases and RSU net settlements this year.
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