Dave Inc. (NASDAQ:DAVE) Receives $325.40 Consensus PT from Analysts

Dave Inc. (NASDAQ:DAVE) has been assigned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $325.40.

A number of equities analysts recently weighed in on DAVE shares. Canaccord Genuity Group boosted their target price on shares of Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. UBS Group started coverage on shares of Dave in a report on Tuesday, May 26th. They set a “buy” rating and a $300.00 target price on the stock. William Blair restated an “accumulate” rating on shares of Dave in a report on Friday, March 13th. B. Riley Financial boosted their target price on shares of Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, Lake Street Capital restated a “buy” rating and set a $332.00 target price on shares of Dave in a report on Wednesday, May 6th.

Dave Price Performance

NASDAQ DAVE opened at $314.44 on Friday. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95. Dave has a 12-month low of $152.21 and a 12-month high of $318.66. The company has a market capitalization of $4.00 billion, a PE ratio of 20.22 and a beta of 3.87. The firm’s 50 day moving average is $257.56 and its 200-day moving average is $218.04.

Dave (NASDAQ:DAVE) last posted its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. The company had revenue of $158.41 million for the quarter, compared to the consensus estimate of $153.67 million. Dave had a net margin of 37.22% and a return on equity of 77.70%. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Equities research analysts anticipate that Dave will post 15.44 earnings per share for the current fiscal year.

Dave declared that its Board of Directors has authorized a share buyback program on Monday, March 2nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the fintech company to repurchase up to 11.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Dave

In other Dave news, CEO Jason Wilk sold 8,474 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 299,950 shares in the company, valued at $82,501,247.50. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dan Preston sold 275 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total transaction of $68,103.75. Following the completion of the transaction, the director owned 5,466 shares in the company, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 28.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Dave

Several institutional investors and hedge funds have recently modified their holdings of the stock. Prospect Capital Advisors LLC increased its holdings in shares of Dave by 39.4% in the first quarter. Prospect Capital Advisors LLC now owns 52,240 shares of the fintech company’s stock valued at $9,094,000 after purchasing an additional 14,760 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Dave in the first quarter valued at $373,000. Janus Henderson Group PLC increased its holdings in shares of Dave by 1.8% in the first quarter. Janus Henderson Group PLC now owns 12,805 shares of the fintech company’s stock valued at $2,228,000 after purchasing an additional 230 shares during the last quarter. Amundi acquired a new position in shares of Dave in the first quarter valued at $224,000. Finally, California State Teachers Retirement System increased its holdings in shares of Dave by 26.5% in the first quarter. California State Teachers Retirement System now owns 13,147 shares of the fintech company’s stock valued at $2,289,000 after purchasing an additional 2,756 shares during the last quarter. 18.01% of the stock is currently owned by institutional investors and hedge funds.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave Inc.’s latest earnings beat and raised outlook continue to support investor confidence in the fintech company’s growth trajectory.
• Neutral Sentiment: Several headlines mention “Dave,” but they relate to Dave Ramsey, Dave the Diver, or Dave & Buster’s, not Dave Inc., so they are unlikely to affect DAVE stock. Article Title
• Neutral Sentiment: Additional gaming-related “Dave the Diver” coverage is also unrelated to Dave Inc. and should not materially move the stock. Article Title

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.