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

Dave Inc. (NASDAQ:DAVE) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $412.90.

DAVE has been the topic of a number of recent analyst reports. Barrington Research raised their price target on shares of Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, June 12th. Citigroup reaffirmed an “outperform” rating on shares of Dave in a research report on Thursday. B. Riley Financial increased their price objective on shares of Dave from $370.00 to $449.00 and gave the company a “buy” rating in a research note on Thursday. Lake Street Capital reissued a “buy” rating and set a $450.00 target price on shares of Dave in a research report on Thursday. Finally, Weiss Ratings downgraded Dave from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Raised 2026 outlook: Dave projected revenue of $725 million to $735 million and adjusted diluted EPS of $17.00 to $17.50. Management cited growth from CashAI v6, higher ExtraCash limits and improving credit losses, although it plans to increase marketing spending in the second half. Dave raises 2026 guidance
• Positive Sentiment: Analysts raised price targets: Citizens JMP increased its target to $475 and kept a market outperform rating; Keefe, Bruyette & Woods raised its target to $490 with an outperform rating; and B. Riley lifted its target to $449 with a buy rating. The revisions signal continued confidence in Dave’s earnings and product growth. Citizens JMP forecast KBW price target
• Positive Sentiment: Growth strategy remains centered on CashAI: Earnings-call coverage highlighted stronger user monetization, larger ExtraCash advances and improving credit performance as key drivers of the higher outlook. CashAI-led growth
• Neutral Sentiment: Coverage of Q2 earnings is mixed: One report cited adjusted EPS of $4.12, above the $3.69 consensus, while the company’s reported earnings data showed $0.49 EPS versus a $3.44 estimate. Investors may therefore be focusing on the distinction between adjusted and reported results. Dave Q2 earnings
• Negative Sentiment: Valuation and volatility concerns: Barron’s described Dave’s dramatic rebound after a prior 1-for-32 reverse split as a cautionary example for investors amid renewed SPAC activity. The stock’s elevated valuation and history of extreme volatility may be prompting profit-taking despite bullish targets. SPAC cautionary tale

Dave Price Performance

Shares of NASDAQ:DAVE opened at $317.93 on Monday. The company has a current ratio of 4.22, a quick ratio of 3.86 and a debt-to-equity ratio of 0.93. The stock’s fifty day simple moving average is $356.53 and its two-hundred day simple moving average is $261.06. Dave has a 1-year low of $152.21 and a 1-year high of $458.25. The stock has a market cap of $4.04 billion, a PE ratio of 20.62 and a beta of 3.83.

Dave (NASDAQ:DAVE) last posted its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). Dave had a return on equity of 77.46% and a net margin of 34.58%.The firm had revenue of $170.79 million for the quarter, compared to analysts’ expectations of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. As a group, analysts forecast that Dave will post 15.66 EPS for the current fiscal year.

Insider Buying and Selling

In other Dave news, Director Dan Preston sold 275 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was 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 of the company’s stock, valued at approximately $1,353,654.90. The trade was a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jason Wilk sold 8,474 shares of the company’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 position. The SEC filing for this sale provides additional information. Company insiders own 23.59% of the company’s stock.

Hedge Funds Weigh In On Dave

A number of hedge funds and other institutional investors have recently made changes to their positions in DAVE. WealthCollab LLC purchased a new position in shares of Dave in the 2nd quarter worth about $30,000. National Bank of Canada FI purchased a new stake in Dave during the third quarter worth about $30,000. Blue Trust Inc. increased its holdings in Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after buying an additional 79 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Dave in the fourth quarter worth about $36,000. Finally, Harbour Investments Inc. bought a new stake in Dave in the fourth quarter worth about $66,000. 18.01% of the stock is owned by hedge funds and other institutional investors.

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.