NasdaqGM:DAVEConsumer Finance
Dave (DAVE) Stock Resets As Premium Valuation Faces Fresh Scrutiny
Dave stock closed on Thursday at US$365.26, down about 15% from the prior session, as the market reacted sharply to Q2 earnings. The headline was not weak revenue. Dave reported around US$171m in Q2 revenue and a 44% adjusted earnings before interest, tax, depreciation and amortisation margin, which is high for a consumer finance platform.
The real issue for you as an investor sits on a longer horizon. Dave now trades on a P/E multiple that is well above both its industry and peer averages...