Dave Inc. (NASDAQ:DAVE) Receives Average Rating of “Buy” from Brokerages

Shares of Dave Inc. (NASDAQ:DAVE) have received an average rating of “Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $379.40.

A number of research analysts have recently commented on the stock. Evercore assumed coverage on shares of Dave in a research report on Wednesday, May 27th. They set a “hold” rating and a $260.00 price objective for the company. Keefe, Bruyette & Woods lifted their target price on Dave from $340.00 to $485.00 and gave the stock an “outperform” rating in a research report on Monday. Weiss Ratings lowered Dave from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. Barrington Research boosted their price target on Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, June 12th. Finally, B. Riley Financial upped their price target on Dave from $358.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, May 27th.

Key Headlines Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: UBS Group raised its price target on Dave Inc. to $470 from $300 and kept a Buy rating, reinforcing a bullish view after the stock’s strong run. Benzinga
• Positive Sentiment: Investors also appear to be responding to prior company updates around leadership and funding strategy, including a new CTO appointment and the transition of ExtraCash originations to Coastal Community Bank, which could improve liquidity and lower funding costs.
• Positive Sentiment: The stock has been benefiting from momentum tied to strong recent operating results, including revenue growth and improving credit quality, while elevated short interest may be amplifying gains as buyers step in.

Dave Trading Up 5.1%

Shares of Dave stock opened at $438.19 on Thursday. Dave has a 1 year low of $152.21 and a 1 year high of $442.82. The company’s fifty day simple moving average is $302.68 and its 200-day simple moving average is $239.20. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 28.18 and a beta of 3.82. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95.

Dave (NASDAQ:DAVE) last released its earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating the consensus estimate of $2.86 by $0.78. The firm had revenue of $158.41 million during the quarter, compared to analysts’ expectations 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. As a group, sell-side analysts expect that Dave will post 15.45 EPS for the current year.

Insider Buying and Selling

In other news, CEO Jason Wilk sold 8,474 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the sale, the chief executive officer directly owned 299,950 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. 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 value of $68,103.75. Following the completion of the transaction, the director owned 5,466 shares of the company’s stock, valued at $1,353,654.90. The trade was a 4.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 28.48% of the company’s stock.

Hedge Funds Weigh In On Dave

A number of hedge funds have recently made changes to their positions in DAVE. Handelsbanken Fonder AB boosted its position in shares of Dave by 21.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 2,300 shares of the fintech company’s stock valued at $857,000 after acquiring an additional 400 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Dave by 24.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,710 shares of the fintech company’s stock valued at $1,382,000 after acquiring an additional 730 shares during the period. FNY Investment Advisers LLC acquired a new position in Dave in the second quarter worth about $745,000. GAMMA Investing LLC raised its position in Dave by 43.9% in 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. Finally, Prospect Capital Advisors LLC lifted its stake in Dave by 39.4% during the first quarter. Prospect Capital Advisors LLC now owns 52,240 shares of the fintech company’s stock worth $9,094,000 after purchasing an additional 14,760 shares during the period. Institutional investors and hedge funds 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.