Shares of Dave Inc. (NASDAQ:DAVE – Get Free Report) passed below its two hundred day moving average during trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $480.00 to $435.00. The stock has a two hundred day moving average of $288.70 and traded as low as $258.05. JPMorgan Chase & Co. currently has an overweight rating on the stock. Dave shares last traded at $275.34, with a volume of 1,471,230 shares traded.
Several other equities analysts have also recently weighed in on DAVE. Loop Capital started coverage on Dave in a report on Wednesday, September 9th. They set a “buy” rating and a $500.00 price target for the company. Freedom Capital raised Dave to a “hold” rating in a report on Thursday, July 30th. Citigroup reaffirmed an “outperform” rating on shares of Dave in a report on Thursday, August 6th. Keefe, Bruyette & Woods increased their target price on Dave from $485.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, Citizens Jmp raised their target price on shares of Dave from $450.00 to $475.00 and gave the company a “market outperform” rating in a report on Thursday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $429.50.
Get Our Latest Stock Report on DAVE
Key Stories Impacting Dave
Here are the key news stories impacting Dave this week:
- Positive Sentiment: Dave raised its 2026 revenue and adjusted-profit outlook. Third-quarter revenue grew 31% year over year to about $198 million, adjusted EBITDA increased 39% to $82 million, and credit performance improved. Dave Q3 2026 results
- Positive Sentiment: JPMorgan lowered its price target to $435 from $480 but maintained an Overweight rating, indicating continued analyst optimism despite the reduction. JPMorgan rating details
- Neutral Sentiment: Reported Q3 EPS was $4.39. That exceeded the $4.09 estimate cited by one source but fell short of Zacks’ $4.45 consensus, creating mixed earnings comparisons that may help explain the market reaction. Zacks Q3 earnings report
- Negative Sentiment: A law firm announced an investigation into possible securities-law violations following the company’s November 4 disclosure. The announcement is an allegation and does not establish wrongdoing, but it adds headline and potential legal uncertainty. Investigation announcement
- Negative Sentiment: Fintech shares, including Dave, were falling faster than the broader market, suggesting sector-wide pressure compounded the company-specific earnings reaction. Fintech sector coverage
Institutional Investors Weigh In On Dave
Several large investors have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System lifted its stake in shares of Dave by 48.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 2,246 shares of the fintech company’s stock valued at $722,000 after purchasing an additional 735 shares during the last quarter. Gryphon Financial Partners LLC raised its holdings in Dave by 4.3% during the 3rd quarter. Gryphon Financial Partners LLC now owns 1,315 shares of the fintech company’s stock valued at $423,000 after buying an additional 54 shares during the period. StoneX Group Inc. purchased a new stake in Dave during the 3rd quarter valued at $255,000. MeadowBrook Investment Advisors LLC lifted its position in Dave by 116.8% in the third quarter. MeadowBrook Investment Advisors LLC now owns 412 shares of the fintech company’s stock worth $132,000 after buying an additional 222 shares during the last quarter. Finally, Vise Technologies Inc. lifted its position in Dave by 14.4% in the third quarter. Vise Technologies Inc. now owns 931 shares of the fintech company’s stock worth $299,000 after buying an additional 117 shares during the last quarter. 18.01% of the stock is owned by institutional investors.
Dave Price Performance
The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.93. The firm’s 50 day simple moving average is $349.87 and its 200 day simple moving average is $288.70. The company has a market capitalization of $3.51 billion, a PE ratio of 22.24 and a beta of 4.07.
Dave (NASDAQ:DAVE – Get Free Report) last announced its earnings results on Wednesday, November 4th. The fintech company reported $4.39 earnings per share for the quarter, beating the consensus estimate of $4.09 by $0.30. The business had revenue of $197.70 million for the quarter, compared to the consensus estimate of $191.89 million. Dave had a net margin of 28.15% and a return on equity of 60.98%. As a group, research analysts anticipate that Dave Inc. will post 13.04 EPS for the current fiscal year.
Dave Company Profile
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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