Dave (NASDAQ:DAVE) Updates FY 2026 Earnings Guidance

Dave (NASDAQ:DAVE) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 16.250-16.750 for the period, compared to the consensus earnings per share estimate of 14.420. The company issued revenue guidance of $710.0 million-$720.0 million, compared to the consensus revenue estimate of $698.3 million.

Analyst Ratings Changes

A number of research firms have recently commented on DAVE. Barrington Research reiterated an “outperform” rating and issued a $290.00 price objective on shares of Dave in a report on Monday. Canaccord Genuity Group increased their price objective on Dave from $274.00 to $328.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Benchmark reiterated a “buy” rating on shares of Dave in a report on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dave in a report on Friday, April 24th. Finally, B. Riley Financial upped their target price on Dave from $297.00 to $303.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $319.63.

Dave Stock Performance

Dave stock traded down $15.36 during midday trading on Tuesday, reaching $263.81. The stock had a trading volume of 705,631 shares, compared to its average volume of 568,428. Dave has a twelve month low of $102.11 and a twelve month high of $287.69. The stock has a market capitalization of $3.58 billion, a PE ratio of 19.54 and a beta of 3.93. The stock’s 50-day simple moving average is $212.77 and its 200 day simple moving average is $208.70.

Dave (NASDAQ:DAVE) last issued its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.78. Dave had a return on equity of 67.04% and a net margin of 35.35%.The business had revenue of $158.40 million during the quarter, compared to the consensus estimate of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Equities analysts predict that Dave will post 13.03 earnings per share for the current fiscal year.

Dave declared that its board has authorized a share buyback program on Monday, March 2nd that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the fintech company to purchase up to 11.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Q1 earnings and metrics beat expectations — EPS of $3.64 topped estimates and revenue grew 47% Y/Y; profitability and credit metrics improved materially, supporting higher forward profits. Dave Q1 Press Release
• Positive Sentiment: Raised FY26 guidance — company expects $16.25–$16.75 EPS vs. consensus ~$14.42 and revenue $710–$720M vs. $698M consensus, signaling strong forward cash generation. (Guidance noted in earnings release.)
• Positive Sentiment: Capital return — management deployed ~ $195M in share repurchases (~7% of shares outstanding), which reduces float and supports EPS. PR Newswire: Q1 Results
• Positive Sentiment: Analyst support — a couple of firms raised price targets and maintained outperform ratings (KBW raised target to $330; Barrington reaffirmed $290), which may underpin longer‑term sentiment. KBW Price Target Raise
• Neutral Sentiment: Pre‑earnings coverage and previews were circulated (market primer and sector comparisons), providing context but not new catalytic information. Yahoo Preview
• Negative Sentiment: Profit‑taking and volatility — despite the beat/guidance, shares are trading lower on heavy volume. DAVE’s high beta (~3.9) and recent run toward its 12‑month high make the stock prone to pullbacks as investors lock in gains.
• Negative Sentiment: Execution risk and valuation re‑rating — some investors may question sustainability of elevated monetization and whether buybacks/one‑time items are inflating near‑term EPS, leading to short‑term selling pressure.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAVE. Brevan Howard Capital Management LP grew its holdings in Dave by 1.6% in the third quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock worth $767,000 after purchasing an additional 62 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Dave by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after buying an additional 65 shares in the last quarter. Worth Venture Partners LLC lifted its stake in shares of Dave by 9.4% in the third quarter. Worth Venture Partners LLC now owns 1,258 shares of the fintech company’s stock valued at $251,000 after buying an additional 108 shares in the last quarter. WealthCollab LLC bought a new position in shares of Dave in the second quarter valued at $30,000. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Dave by 12.7% in the third quarter. Mercer Global Advisors Inc. ADV now owns 1,137 shares of the fintech company’s stock valued at $227,000 after buying an additional 128 shares in the last quarter. Institutional investors own 18.01% of the company’s stock.

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.