Citizens Jmp Increases Dave (NASDAQ:DAVE) Price Target to $450.00

Dave (NASDAQ:DAVE) had its price target increased by investment analysts at Citizens Jmp from $365.00 to $450.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the fintech company’s stock. Citizens Jmp’s target price would indicate a potential upside of 12.29% from the company’s previous close.

DAVE has been the subject of a number of other research reports. Weiss Ratings downgraded Dave from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. Citigroup reissued an “outperform” rating on shares of Dave in a research note on Thursday. Lake Street Capital restated a “buy” rating and issued a $332.00 price target on shares of Dave in a report on Wednesday, May 6th. Keefe, Bruyette & Woods upped their price objective on shares of Dave from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Finally, B. Riley Financial increased their price objective on shares of Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dave presently has an average rating of “Buy” and a consensus price target of $346.90.

Dave Stock Performance

Shares of NASDAQ DAVE opened at $400.75 on Thursday. The company has a 50-day simple moving average of $293.43 and a 200-day simple moving average of $235.08. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86. The company has a market cap of $5.09 billion, a PE ratio of 25.77 and a beta of 3.82. Dave has a 12 month low of $152.21 and a 12 month high of $409.00.

Dave (NASDAQ:DAVE) last announced its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.78. The business 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. On average, equities analysts anticipate that Dave will post 15.44 earnings per share for the current year.

Insider Activity

In related news, Director Dan Preston sold 275 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total value of $68,103.75. Following the transaction, the director owned 5,466 shares in the company, valued at approximately $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the transaction, the chief executive officer directly owned 299,950 shares in the company, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 28.48% of the company’s stock.

Institutional Investors Weigh In On Dave

Large investors have recently made changes to their positions in the business. Brevan Howard Capital Management LP boosted its holdings in Dave by 1.6% in the 3rd quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock worth $767,000 after acquiring an additional 62 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Dave by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after purchasing an additional 65 shares during the period. GAMMA Investing LLC lifted its position in shares of Dave by 43.9% during the second quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock worth $83,000 after purchasing an additional 68 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Dave by 106.8% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after purchasing an additional 79 shares during the period. Finally, Westend Capital Management LLC boosted its stake in shares of Dave by 100.0% in the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after purchasing an additional 100 shares during the period. 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: Citizens JMP raised its price target on Dave Inc. to $450 from $365 and reiterated a Market Outperform rating, implying further upside from current levels. Benzinga report on price target increase
• Positive Sentiment: A Zacks note said Dave’s ARPU growth story is still gaining momentum in 2026, driven by strong ExtraCash demand, higher fees, second draws, and liquidity improvements. Zacks article on ARPU growth
• Neutral Sentiment: Short-interest data showed 0 shares short as of July 10, with the reported change distorted by zero prior-period shares; this does not appear to add meaningful new trading pressure.
• Neutral Sentiment: Several other items referenced people named “Dave” and are unrelated to Dave Inc. (DAVE), so they are unlikely to affect the stock.

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.