Dave (NASDAQ:DAVE) Upgraded at Loop Capital

Dave (NASDAQ:DAVE) was upgraded by analysts at Loop Capital to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

Several other brokerages also recently commented on DAVE. B. Riley Financial raised their target price 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 target on Dave from $450.00 to $475.00 and gave the stock a “market outperform” rating in a report on Thursday, August 6th. Zacks Research cut Dave from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings downgraded Dave from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 2nd. Finally, Freedom Capital raised Dave to a “hold” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Dave currently has an average rating of “Moderate Buy” and a consensus price target of $418.25.

Dave Trading Down 3.9%

Shares of DAVE stock opened at $361.88 on Wednesday. Dave has a 1-year low of $152.21 and a 1-year high of $458.25. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.93. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 23.47 and a beta of 3.83. The stock has a 50-day moving average of $378.99 and a 200-day moving average of $289.99.

Dave (NASDAQ:DAVE) last released its earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.44 by ($2.95). Dave had a net margin of 34.58% and a return on equity of 77.46%. The firm 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. On average, equities research analysts forecast that Dave will post 13.71 earnings per share for the current year.

Hedge Funds Weigh In On Dave

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. WealthCollab LLC purchased a new position in Dave in the second quarter valued at about $30,000. National Bank of Canada FI purchased a new stake in shares of Dave during the 3rd quarter worth approximately $30,000. Kestra Advisory Services LLC bought a new stake in shares of Dave in the 4th quarter worth approximately $36,000. Allworth Financial LP raised its holdings in shares of Dave by 25.4% in the 2nd quarter. Allworth Financial LP now owns 143 shares of the fintech company’s stock worth $53,000 after purchasing an additional 29 shares during the period. Finally, Harbour Investments Inc. purchased a new position in Dave in the fourth quarter valued at approximately $66,000. 18.01% of the stock is owned by hedge funds and other institutional investors.

Dave Company Profile

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.