Dave (NASDAQ:DAVE) Trading 5.9% Higher – Still a Buy?

Posted by Geri Gentry on Aug 26th, 2026

Dave Inc. (NASDAQ:DAVE – Get Free Report)’s share price was up 5.9% on Wednesday . The company traded as high as $370.32 and last traded at $369.95. 134,128 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 559,810 shares. The stock had previously closed at $349.47.

Wall Street Analysts Forecast Growth

DAVE has been the topic of a number of research analyst reports. Citigroup reiterated an “outperform” rating on shares of Dave in a research note on Thursday, August 6th. Keefe, Bruyette & Woods upped their price target on shares of Dave from $485.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. UBS Group raised their price target on Dave from $300.00 to $470.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Citizens Jmp lifted their price objective on Dave from $450.00 to $475.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 6th. Finally, Evercore began coverage on Dave in a research note on Wednesday, May 27th. They set a “hold” rating and a $260.00 target price for the company. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $410.82.

Check Out Our Latest Analysis on Dave

Dave Trading Up 7.5%

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 stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 24.35 and a beta of 3.83. The company’s 50 day moving average is $370.51 and its 200 day moving average is $274.86.

Dave (NASDAQ:DAVE – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). The company had revenue of $170.79 million for the quarter, compared to analyst estimates of $171.11 million. Dave had a net margin of 34.58% and a return on equity of 77.46%. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. On average, research analysts forecast that Dave Inc. will post 13.71 EPS for the current fiscal year.

Insider Activity

In other news, Director Dan Preston sold 275 shares of Dave stock in a transaction that occurred on 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 owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. This trade represents a 4.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jason Wilk sold 8,474 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 299,950 shares in the company, valued at approximately $82,501,247.50. This represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 23.59% of the company’s stock.

Institutional Investors Weigh In On Dave

A number of institutional investors have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Dave in the 2nd quarter valued at $3,391,000. California State Teachers Retirement System lifted its holdings in shares of Dave by 33,721.3% during the 2nd quarter. California State Teachers Retirement System now owns 4,446,489 shares of the fintech company’s stock worth $1,656,717,000 after acquiring an additional 4,433,342 shares during the period. AXQ Capital LP acquired a new stake in shares of Dave during the 2nd quarter valued at about $486,000. Nykredit A S bought a new stake in Dave in the second quarter valued at about $193,000. Finally, Quantitative Investment Management LLC acquired a new position in Dave in the second quarter worth about $426,000. 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.