Shares of Dave Inc. (NASDAQ:DAVE – Get Free Report) have received an average rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $433.25.
DAVE has been the topic of a number of research reports. Wall Street Zen raised Dave from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. B. Riley Financial upped their price objective on Dave from $370.00 to $449.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Citizens Jmp increased 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. Canaccord Genuity Group lifted their target price on Dave from $342.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised Dave from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th.
View Our Latest Analysis on DAVE
Hedge Funds Weigh In On Dave
A number of hedge funds and other institutional investors have recently bought and sold shares of DAVE. Dimensional Fund Advisors LP increased its stake in shares of Dave by 20.0% during the first quarter. Dimensional Fund Advisors LP now owns 253,173 shares of the fintech company’s stock worth $44,069,000 after acquiring an additional 42,262 shares during the period. Estuary Capital Management LP purchased a new position in Dave during the first quarter worth about $20,556,000. Cooper Creek Partners Management LLC purchased a new position in Dave during the first quarter worth about $18,313,000. Sei Investments Co. lifted its position in Dave by 21.4% in the first quarter. Sei Investments Co. now owns 98,435 shares of the fintech company’s stock valued at $17,135,000 after purchasing an additional 17,320 shares during the period. Finally, Globeflex Capital L P acquired a new stake in Dave in the second quarter valued at about $11,403,000. 18.01% of the stock is currently owned by hedge funds and other institutional investors.
Dave Stock Down 7.3%
DAVE stock opened at $354.60 on Friday. Dave has a 12 month low of $152.21 and a 12 month high of $458.25. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.22 and a quick ratio of 4.22. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 27.00 and a beta of 3.92. The company has a fifty day moving average price of $355.72 and a 200 day moving average price of $324.33.
Dave (NASDAQ:DAVE – Get Free Report) last posted 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). Dave had a net margin of 34.58% and a return on equity of 77.46%. The business had revenue of $170.79 million during the quarter, compared to analyst estimates of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Sell-side analysts expect that Dave will post 13.04 earnings per share for the current year.
About Dave
Dave Inc is a financial technology company that operates a digital banking platform in the United States. The company’s mobile app is designed to help members manage everyday finances, access funds between paychecks and build financial flexibility.
Its primary offerings include ExtraCash, an advance product intended to provide eligible members with access to a portion of their expected income, and Dave Spending, a debit account and associated payment card. Dave also provides budgeting tools, automated savings features through Dave Goals, and Side Hustle resources that help members identify potential ways to earn additional income.
Dave was founded in 2016 by Jason Wilk, who serves as chief executive officer.
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