🔴 Dave is trading 12.8% down today after investors appear focused on valuation after earnings

Dave is trading 12.8% down at $375.09 after investors appeared to focus on valuation following the August 5 earnings release.

• Q2 revenue rose 30% to $170.8 million, slightly missing consensus estimates of approximately $171.1 million, while adjusted EPS reached $4.12, exceeding consensus estimates of approximately $3.42-$3.44.
• Management raised full-year revenue, EBITDA, and EPS guidance.
• Shares fell 15.6% after hours after a 176% six-month surge, suggesting profit-taking and valuation pressure despite strong fundamentals.