Shares of Dave Inc. (NASDAQ:DAVE – Get Free Report) traded up 7.4% during trading on Thursday . The stock traded as high as $274.65 and last traded at $275.2020. 133,067 shares were traded during trading, a decline of 76% from the average session volume of 549,818 shares. The stock had previously closed at $256.26.
Key Stories Impacting Dave
Here are the key news stories impacting Dave this week:
- Positive Sentiment: UBS Group initiated coverage on Dave Inc. with a Buy rating and a $300 price target, signaling confidence in further upside for the stock.
- Positive Sentiment: Zacks added Dave Inc. to its Rank #1 (Strong Buy) list, another bullish signal that can attract momentum-focused investors. Article Title
- Neutral Sentiment: Evercore initiated coverage with a Hold rating and a $260 price target, which is below the recent trading level and may temper some of the optimism around the shares.
- Neutral Sentiment: Short-interest data appears to be inconsistent, reporting 0 shares outstanding and no meaningful days-to-cover figure, so it does not currently provide a reliable signal for investors.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Weiss Ratings upgraded shares of Dave from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Zacks Research upgraded shares of Dave from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Citizens Jmp raised their price target on shares of Dave from $335.00 to $365.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 6th. Benchmark reiterated a “buy” rating on shares of Dave in a research note on Tuesday, March 3rd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Dave from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dave currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.40.
Dave Price Performance
The stock has a market capitalization of $3.55 billion, a P/E ratio of 17.94 and a beta of 3.93. The stock’s fifty day moving average is $225.36 and its 200-day moving average is $209.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86.
Dave (NASDAQ:DAVE – Get Free Report) last issued 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 firm had revenue of $158.40 million during 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. On average, equities analysts anticipate that Dave Inc. will post 14.49 earnings per share for the current year.
Dave announced that its Board of Directors has authorized a share buyback program on Monday, March 2nd that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the fintech company to repurchase up to 11.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
Institutional Trading of Dave
A number of institutional investors and hedge funds have recently modified their holdings of the company. Edgestream Partners L.P. acquired a new stake in shares of Dave in the first quarter worth $373,000. Janus Henderson Group PLC lifted its stake in shares of Dave by 1.8% in the first quarter. Janus Henderson Group PLC now owns 12,805 shares of the fintech company’s stock worth $2,228,000 after buying an additional 230 shares during the last quarter. Amundi acquired a new stake in shares of Dave in the first quarter worth $224,000. California State Teachers Retirement System lifted its stake in shares of Dave by 26.5% in the first quarter. California State Teachers Retirement System now owns 13,147 shares of the fintech company’s stock worth $2,289,000 after buying an additional 2,756 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Dave by 182.8% in the first quarter. Royal Bank of Canada now owns 10,590 shares of the fintech company’s stock worth $1,844,000 after buying an additional 6,845 shares during the last quarter. 18.01% of the stock is currently owned by institutional investors and hedge funds.
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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