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.

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