Banking app Dave, back from the brink, is this year's biggest gainer among financials with 934% surge [CNBC]
Dave Inc. - Class A (DAVE)
Last dave inc. - class a earnings: 11/13 04:05 pm
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Source: CNBC
It's the top gainer for 2024 among U.S. financial stocks, with a 934% year-to-date surge through Thursday. Fintech firms like Dave and Robinhood are the most promising heading into next year, according to JMP Securities analyst Devin Ryan. Jason Wilk, the CEO of digital banking service Dave , remembers the absolute low point in his brief career as head of a publicly-traded firm. It was June 2023, and shares of his company had recently dipped below $5 apiece. Desperate to keep Dave afloat, Wilk found himself at a Los Angeles conference for micro-cap stocks, where he pitched investors on tiny $5,000 stakes in his firm. “I'm not going to lie, this was probably the hardest time of my life,” Wilk told CNBC. “To go from being a $5 billion company to $50 million in 12 months, it was so freaking hard.” But in the months that followed, Dave turned profitable and consistently topped Wall Street analyst expectations for revenue and profit. Now, Wilk's company is the top gainer for 202
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DAVE
Earnings
- 11/12/24 - Beat
DAVE
Sec Filings
- 12/2/24 - Form 4
- 11/14/24 - Form 4
- 11/14/24 - Form SC
- DAVE's page on the SEC website