Freedom Capital Upgrades Dave (NASDAQ:DAVE) to Hold

Posted by Stanley Muller on Aug 1st, 2026

Dave (NASDAQ:DAVE – Get Free Report) was upgraded by research analysts at Freedom Capital to a “hold” rating in a report released on Thursday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Weiss Ratings upgraded shares of Dave from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Citigroup reissued an “outperform” rating on shares of Dave in a research report on Thursday, July 9th. B. Riley Financial increased their target price on Dave from $358.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods lifted their price target on Dave from $340.00 to $485.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Finally, Citizens Jmp upped their price target on Dave from $365.00 to $450.00 and gave the stock a “market outperform” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $379.40.

View Our Latest Stock Analysis on DAVE

Dave Stock Down 1.3%

Shares of DAVE stock opened at $372.69 on Thursday. The stock’s 50 day simple moving average is $343.41 and its 200 day simple moving average is $254.46. Dave has a twelve month low of $152.21 and a twelve month high of $458.25. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 23.97 and a beta of 3.82.

Dave (NASDAQ:DAVE – Get Free Report) last announced its earnings results 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 $158.41 million during the quarter, compared to analysts’ expectations of $153.67 million. Dave had a return on equity of 77.70% and a net margin of 37.22%.Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, research analysts predict that Dave will post 15.66 EPS for the current year.

Insider Transactions at Dave

In related news, Director Dan Preston sold 275 shares of Dave stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $247.65, for a total transaction of $68,103.75. Following the sale, the director directly owned 5,466 shares of the company’s stock, valued at $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jason Wilk sold 8,474 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total value of $2,330,773.70. Following the transaction, the chief executive officer owned 299,950 shares in the company, valued at $82,501,247.50. This represents a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 28.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dave

A number of institutional investors have recently bought and sold shares of DAVE. JPMorgan Chase & Co. raised its stake in shares of Dave by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after buying an additional 65 shares in the last quarter. Prudential Financial Inc. acquired a new position in Dave in the second quarter worth about $324,000. Invesco Ltd. lifted its stake in Dave by 2,379.9% during the second quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock worth $26,166,000 after purchasing an additional 93,554 shares during the period. First Trust Advisors LP acquired a new stake in Dave during the second quarter valued at approximately $18,710,000. Finally, Cresset Asset Management LLC bought a new stake in shares of Dave in the 2nd quarter valued at approximately $402,000. Institutional investors and hedge funds own 18.01% of the company’s stock.

Dave Company Profile

(Get Free Report)

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.