Shares of Dave Inc. (NASDAQ:DAVE – Get Free Report) have received a consensus rating of “Buy” from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $323.00.
A number of research firms have recently issued reports on DAVE. William Blair reissued an “accumulate” rating on shares of Dave in a research report on Friday, March 13th. Canaccord Genuity Group increased their price objective on shares of Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods increased their price objective on shares of Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Benchmark reissued a “buy” rating on shares of Dave in a research report on Tuesday, March 3rd. Finally, Citigroup reissued an “outperform” rating on shares of Dave in a research report on Wednesday, May 6th.
Check Out Our Latest Report on DAVE
Hedge Funds Weigh In On Dave
Dave Stock Performance
Shares of Dave stock opened at $249.35 on Wednesday. The company has a market cap of $3.17 billion, a P/E ratio of 16.04 and a beta of 3.93. The business has a 50-day moving average price of $224.42 and a two-hundred day moving average price of $209.58. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95. Dave has a 1-year low of $152.21 and a 1-year high of $287.69.
Dave (NASDAQ:DAVE – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.78. The company had revenue of $158.40 million for the quarter, compared to analysts’ expectations of $153.67 million. Dave had a net margin of 37.22% and a return on equity of 77.70%. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, analysts anticipate that Dave will post 14.49 EPS for the current year.
Dave declared that its board has initiated a share buyback program on Monday, March 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the fintech company to reacquire up to 11.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Dave Company Profile
Dave, Inc is a Los Angeles–based financial technology company founded in 2016 by Jason Wilk and John Wolanin. The company offers a subscription-based mobile app designed to help consumers avoid overdraft fees, manage their budgets and track expenses. Through its platform, members receive low-balance alerts, expense categorization and cash-advance capabilities tied to upcoming deposits.
At the core of Dave’s offering is fee-free overdraft protection: eligible users can request small, interest-free advances up to a preset limit, typically repaid on their next paycheck or deposit.
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