Dave Inc. (NASDAQ:DAVE) Receives Average Recommendation of “Moderate Buy” from Analysts

Dave Inc. (NASDAQ:DAVE – Get Free Report) has been assigned an average rating of “Moderate Buy” from the seventeen ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $433.25.

A number of equities analysts have issued reports on the company. Freedom Capital upgraded Dave to a “hold” rating in a report on Thursday, July 30th. UBS Group boosted their price target on Dave from $300.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Wall Street Zen cut Dave from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Citizens Jmp upped their price objective on Dave from $450.00 to $475.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 6th. Finally, Lake Street Capital reiterated a “buy” rating and set a $450.00 price objective on shares of Dave in a report on Thursday, August 6th.

Get Dave alerts:

View Our Latest Stock Report on Dave

Hedge Funds Weigh In On Dave

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of Dave by 31.1% in the fourth quarter. Geode Capital Management LLC now owns 318,295 shares of the fintech company’s stock worth $70,483,000 after purchasing an additional 75,576 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Dave by 20.0% in the first quarter. Dimensional Fund Advisors LP now owns 253,173 shares of the fintech company’s stock valued at $44,069,000 after purchasing an additional 42,262 shares in the last quarter. Estuary Capital Management LP bought a new position in Dave in the first quarter valued at $20,556,000. Cooper Creek Partners Management LLC acquired a new stake in Dave in the 1st quarter valued at $18,313,000. Finally, Sei Investments Co. increased its stake in Dave by 21.4% in the 1st quarter. Sei Investments Co. now owns 98,435 shares of the fintech company’s stock valued at $17,135,000 after buying an additional 17,320 shares during the last quarter. 18.01% of the stock is owned by institutional investors.

Dave Price Performance

Shares of DAVE opened at $320.70 on Tuesday. The stock has a 50 day simple moving average of $363.59 and a 200 day simple moving average of $303.71. Dave has a 52-week low of $152.21 and a 52-week high of $458.25. The company has a debt-to-equity ratio of 0.93, a quick ratio of 4.22 and a current ratio of 4.22. The firm has a market capitalization of $4.09 billion, a PE ratio of 20.80 and a beta of 3.83.

Dave (NASDAQ:DAVE – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.44 by ($2.95). Dave had a return on equity of 77.46% and a net margin of 34.58%.The company had revenue of $170.79 million for the quarter, compared to the consensus estimate of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Sell-side analysts predict that Dave will post 12.9 EPS for the current fiscal year.

Dave Company Profile

(Get Free Report)

Dave Inc is a financial technology company that operates a digital banking platform designed to help consumers manage everyday finances. Through its mobile application, the company provides tools intended to support budgeting, spending, saving and access to short-term funds.

Dave’s products include Dave Spending, a spending account and debit card offering, as well as budgeting and automatic savings features. Its ExtraCash product provides eligible users with access to advances intended to help manage short-term cash needs.

Further Reading

• Five stocks we like better than Dave
• Six Flags Launches FlexPay—Is There Any FUN Left in the Stock?
• Brewing Trouble? Starbucks Spills the Beans on 250 Store Closures
• Stitch Fix Stock Plunges as Guidance Puts the Turnaround on Pause
• Harley-Davidson Insiders Are Buying: Is HOG Finally Turning Around?

Receive News & Ratings for Dave Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave and related companies with MarketBeat.com's FREE daily email newsletter.