Shares of Dave Inc. (NASDAQ:DAVE – Get Free Report) have been given a consensus recommendation of “Buy” by the thirteen analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $325.40.
A number of research analysts have recently commented on DAVE shares. Barrington Research upped their price target on Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday. Evercore started coverage on Dave in a research report on Wednesday, May 27th. They set a “hold” rating and a $260.00 price target on the stock. Wall Street Zen cut Dave from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings raised Dave from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Finally, William Blair reaffirmed an “accumulate” rating on shares of Dave in a research report on Friday, March 13th.
Get Our Latest Stock Report on DAVE
Dave News Roundup
- Positive Sentiment: Barrington Research raised its price target on Dave Inc. (DAVE) from $290 to $310 and reiterated an outperform rating, signaling confidence that the shares still have room to run. Barrington Research raises DAVE price target
- Positive Sentiment: Analyst and commentary pieces pointed to Dave’s 49% six-month rally, AI-driven credit quality, strong first-quarter profitability, and what some view as an attractive valuation, all of which can support continued buying interest. Zacks article on DAVE upside
- Positive Sentiment: Seeking Alpha highlighted how Dave’s CashAI underwriting, ExtraCash growth, and product expansion could drive continued earnings growth and valuation upside over time. Seeking Alpha article on CashAI and Dave
- Neutral Sentiment: An InsiderMonkey piece discussed a bullish thesis on Dave Inc., but it mostly reiterated the stock’s already-strong performance and valuation rather than providing a new catalyst. InsiderMonkey article on Dave stock
Insiders Place Their Bets
In related news, CEO Jason Wilk sold 8,474 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the sale, the chief executive officer directly owned 299,950 shares in the company, valued at approximately $82,501,247.50. The trade was a 2.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dan Preston sold 275 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total value of $68,103.75. Following the sale, the director owned 5,466 shares in the company, valued at approximately $1,353,654.90. The trade was a 4.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 28.48% of the company’s stock.
Institutional Trading of Dave
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC raised its stake in shares of Dave by 2,267.1% during the 4th quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock valued at $19,606,000 after purchasing an additional 84,811 shares during the period. Hudson Bay Capital Management LP bought a new stake in shares of Dave during the 3rd quarter valued at $1,826,000. Pictet Asset Management Holding SA raised its stake in shares of Dave by 372.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,841 shares of the fintech company’s stock valued at $1,293,000 after purchasing an additional 4,604 shares during the period. Neuberger Berman Group LLC bought a new stake in shares of Dave during the 3rd quarter valued at $26,726,000. Finally, Azora Capital LP raised its stake in shares of Dave by 87.9% during the 3rd quarter. Azora Capital LP now owns 133,242 shares of the fintech company’s stock valued at $26,562,000 after purchasing an additional 62,318 shares during the period. 18.01% of the stock is currently owned by institutional investors.
Dave Stock Up 0.5%
Shares of NASDAQ DAVE opened at $286.78 on Friday. Dave has a one year low of $152.21 and a one year high of $301.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86. The business’s fifty day moving average price is $244.39 and its 200-day moving average price is $214.80. The stock has a market capitalization of $3.64 billion, a PE ratio of 18.44 and a beta of 3.87.
Dave (NASDAQ:DAVE – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. Dave had a return on equity of 77.70% and a net margin of 37.22%.The firm had revenue of $158.41 million for the quarter, compared to analysts’ expectations of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, equities research analysts anticipate that Dave will post 14.7 EPS for the current year.
Dave declared that its Board of Directors has approved a share repurchase plan on Monday, March 2nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the fintech company to reacquire up to 11.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.
About Dave
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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