Dave (NASDAQ:DAVE) Sets New 1-Year High – Time to Buy?

Dave Inc. (NASDAQ:DAVE) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $456.60 and last traded at $449.75, with a volume of 747 shares traded. The stock had previously closed at $438.28.

Wall Street Analyst Weigh In

Several research firms have recently commented on DAVE. Barrington Research raised their price target on Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, June 12th. Benchmark upped their price objective on Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Citizens Jmp upped their price objective on Dave from $365.00 to $450.00 and gave the stock a “market outperform” rating in a report on Thursday, July 9th. Canaccord Genuity Group increased their price objective on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Lake Street Capital reissued a “buy” rating and issued a $332.00 target price on shares of Dave in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Dave presently has a consensus rating of “Buy” and a consensus target price of $379.40.

Dave Stock Down 3.5%

The company has a market cap of $5.38 billion, a PE ratio of 27.25 and a beta of 3.82. The firm has a 50-day simple moving average of $321.61 and a two-hundred day simple moving average of $246.68. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86.

Dave (NASDAQ:DAVE) last posted its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. Dave had a return on equity of 77.70% and a net margin of 37.22%.The business had revenue of $158.41 million for the quarter, compared to analyst estimates of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Research analysts anticipate that Dave Inc. will post 15.45 earnings per share for the current fiscal year.

Insider Activity at Dave

In other Dave news, Director Dan Preston sold 275 shares of Dave 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 completion of the sale, the director directly owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. The trade was a 4.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jason Wilk sold 8,474 shares of the business’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 completion of the transaction, the chief executive officer owned 299,950 shares of the company’s stock, valued at $82,501,247.50. This trade represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 28.48% of the company’s stock.

Institutional Trading of Dave

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its holdings in Dave by 2,267.1% in the 4th quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock valued at $19,606,000 after purchasing an additional 84,811 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Dave by 92.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 8,273 shares of the fintech company’s stock worth $1,440,000 after purchasing an additional 3,971 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Dave by 372.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,841 shares of the fintech company’s stock worth $1,293,000 after buying an additional 4,604 shares during the period. Strs Ohio grew its stake in shares of Dave by 1,400.0% in the fourth quarter. Strs Ohio now owns 4,500 shares of the fintech company’s stock valued at $996,000 after buying an additional 4,200 shares in the last quarter. Finally, Inspire Investing LLC acquired a new stake in shares of Dave in the first quarter valued at about $1,371,000. Hedge funds and other institutional investors own 18.01% of the company’s 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.