Dave (NASDAQ:DAVE – Get Free Report) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.
Other equities analysts have also issued research reports about the company. Seaport Research Partners reiterated a “buy” rating and issued a $422.00 target price on shares of Dave in a research note on Thursday. B. Riley Financial increased their price target on shares of Dave from $370.00 to $449.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings cut shares of Dave from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 2nd. Loop Capital began coverage on shares of Dave in a report on Wednesday, September 9th. They issued a “buy” rating and a $500.00 price target on the stock. Finally, Citizens Jmp lifted their price objective on shares of Dave from $450.00 to $475.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $433.25.
Check Out Our Latest Analysis on DAVE
Dave Stock Performance
Dave (NASDAQ:DAVE – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The fintech company reported $0.49 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 during the quarter, compared to the consensus estimate of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. As a group, equities research analysts predict that Dave will post 13.04 earnings per share for the current fiscal year.
Institutional Trading of Dave
Institutional investors have recently made changes to their positions in the business. Estuary Capital Management LP purchased a new stake in shares of Dave during the first quarter worth about $20,556,000. Cooper Creek Partners Management LLC acquired a new position in shares of Dave during the first quarter valued at about $18,313,000. Granahan Investment Management LLC raised its position in shares of Dave by 3,325.5% in the 1st quarter. Granahan Investment Management LLC now owns 65,462 shares of the fintech company’s stock valued at $11,396,000 after purchasing an additional 63,551 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Dave by 20.0% in the 1st 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 during the last quarter. Finally, Findell Capital Management LLC raised its position in shares of Dave by 84.2% in the 4th quarter. Findell Capital Management LLC now owns 70,000 shares of the fintech company’s stock valued at $15,499,000 after purchasing an additional 32,000 shares during the last quarter. Institutional investors and hedge funds own 18.01% of the company’s stock.
Key Stories Impacting Dave
Here are the key news stories impacting Dave this week:
- Positive Sentiment: Reported short interest is listed at zero shares. The October update shows a 0.0-day short-interest ratio, suggesting no measurable short-selling pressure. However, the description’s reference to a “large increase” conflicts with the reported zero-share figure, so investors should treat the data cautiously.
- Neutral Sentiment: No direct Dave Inc. business announcement was reported. The coverage about Dave the Diver concerns a video game, including a physical release and a planned Subnautica 2 downloadable-content pack for early 2027; it has no connection to Dave Inc. DAVE THE DIVER DLC Subnautica 2 Content Pack announced
- Neutral Sentiment: Dave’s Hot Chicken expansion is unrelated to DAVE. The restaurant chain reached its 500th location and announced a free-slider promotion. These developments do not affect Dave Inc.’s revenue, earnings, or outlook. Dave’s Hot Chicken reaches 500 locations
- Negative Sentiment: The latest company-specific financial backdrop remains mixed. Dave Inc.’s most recent quarterly EPS missed consensus substantially, although revenue was approximately in line. With the stock trading well above its 50-day and 200-day moving averages and carrying a high beta, profit-taking or volatility remains a risk if investors focus on the earnings miss rather than the company’s full-year guidance.
About Dave
Dave Inc is a financial technology company that operates a mobile banking and personal finance platform for consumers in the United States. The company provides tools designed to help members manage everyday finances, access funds between paychecks and improve their financial flexibility.
Its primary offerings include ExtraCash, an advance product that allows eligible members to access a portion of their expected income before payday, and Dave Spending, a deposit account and debit card product.
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