Dave (NASDAQ:DAVE) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Dave (NASDAQ:DAVE) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $480.00 price target on the fintech company’s stock.

Other research analysts also recently issued reports about the company. Citizens Jmp lifted their target price on Dave from $450.00 to $475.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 6th. Loop Capital started coverage on Dave in a research note on Wednesday, September 9th. They issued a “buy” rating and a $500.00 price target on the stock. UBS Group raised their price target on Dave from $300.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Zacks Research cut shares of Dave from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Evercore assumed coverage on shares of Dave in a report on Wednesday, May 27th. They issued a “hold” rating and a $260.00 price objective on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dave has an average rating of “Moderate Buy” and an average price target of $433.25.

Dave Trading Down 2.6%

Shares of NASDAQ:DAVE opened at $356.49 on Tuesday. Dave has a 52-week low of $152.21 and a 52-week high of $458.25. The company has a debt-to-equity ratio of 0.93, a quick ratio of 4.22 and a current ratio of 4.22. The company has a market capitalization of $4.55 billion, a P/E ratio of 23.12 and a beta of 3.83. The company has a 50-day simple moving average of $376.02 and a 200 day simple moving average of $297.76.

Dave (NASDAQ:DAVE) last announced its quarterly earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). The business had revenue of $170.79 million for the quarter, compared to analyst estimates of $171.11 million. Dave had a return on equity of 77.46% and a net margin of 34.58%.Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Sell-side analysts forecast that Dave will post 13.71 earnings per share for the current year.

Hedge Funds Weigh In On Dave

Several institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP boosted its stake in Dave by 25.4% in the 2nd quarter. Allworth Financial LP now owns 143 shares of the fintech company’s stock valued at $53,000 after purchasing an additional 29 shares during the period. GAMMA Investing LLC grew its holdings in Dave by 43.9% in the 2nd quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock valued at $83,000 after buying an additional 68 shares in the last quarter. Harbour Investments Inc. bought a new position in Dave during the 4th quarter worth $66,000. Integrated Wealth Concepts LLC bought a new position in Dave during the 2nd quarter worth $137,000. Finally, Nykredit A S acquired a new stake in shares of Dave during the second quarter worth $193,000. Institutional investors and hedge funds own 18.01% of the company’s stock.

Dave Company Profile

Dave Inc is a financial technology company that operates a digital banking platform designed to help consumers manage everyday finances. Through its mobile application, the company provides tools intended to support budgeting, spending, saving and access to short-term funds.

Dave’s products include Dave Spending, a spending account and debit card offering, as well as budgeting and automatic savings features. Its ExtraCash product provides eligible users with access to advances intended to help manage short-term cash needs.