Dave (NASDAQ:DAVE) Issues FY 2026 Earnings Guidance

Dave (NASDAQ:DAVE) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 14.000-15 for the period, compared to the consensus estimate of 12.270. The company issued revenue guidance of $690.0 million-$710.0 million, compared to the consensus revenue estimate of $642.8 million.

Dave Trading Up 4.9%

NASDAQ DAVE opened at $208.76 on Wednesday. The stock has a market cap of $2.82 billion, a P/E ratio of 15.46 and a beta of 3.86. The stock’s fifty day moving average price is $194.07 and its 200-day moving average price is $206.61. Dave has a 12 month low of $65.46 and a 12 month high of $286.45. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.26.

Dave announced that its board has approved a stock repurchase plan on Monday, March 2nd that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the fintech company to purchase up to 11.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DAVE shares. Citizens Jmp set a $310.00 price objective on Dave in a research report on Wednesday, November 5th. William Blair reaffirmed an “outperform” rating on shares of Dave in a report on Tuesday. Zacks Research raised shares of Dave from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Barrington Research reiterated an “outperform” rating and set a $290.00 target price on shares of Dave in a research report on Monday. Finally, Benchmark restated a “buy” rating on shares of Dave in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.13.

Insider Activity

In related news, Director Imran Khan sold 1,146 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $204.00, for a total value of $233,784.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 97,771 shares of company stock worth $19,194,391. 28.48% of the stock is owned by insiders.

Dave News Summary

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Q4 & full‑year results topped estimates: Dave reported strong Q4 revenue (+62% YoY to $163.7M) and EPS that beat consensus, with margin expansion and sizeable net income/Adj. EBITDA growth — a key catalyst for bullish investor sentiment. Earnings Release
• Positive Sentiment: Management raised FY2026 guidance well above Street expectations (EPS guidance ~14.0–15.0 vs. consensus ~12.27; revenue guidance $690–710M vs. ~$643M), which supports upward price momentum and makes analyst upgrades more credible.
• Positive Sentiment: Board authorized a $300M share‑repurchase program (up to ~11.2% of shares), signaling the board views the stock as undervalued and providing direct demand for shares. Buyback Announcement
• Positive Sentiment: Multiple analysts raised price targets or reaffirmed bullish ratings this week (e.g., Barrington reaffirmed Outperform/$290 PT; other firms raised targets substantially), reinforcing buy-side interest and supporting the rally. Barrington Note
• Neutral Sentiment: Company announced a proposed $150M convertible senior note offering due 2031, with planned capped‑call hedges and stated intent to use proceeds for capped calls, share repurchases and general corporate purposes — the package aims to fund repurchases but introduces complexity and potential volatility around hedging. Convertible Notes Release
• Negative Sentiment: Significant insider selling activity noted in recent filings (multiple executives sold shares), which can concern some investors about insider conviction despite management communications. Quiver/Insider Data

Hedge Funds Weigh In On Dave

Institutional investors and hedge funds have recently made changes to their positions in the business. WealthCollab LLC bought a new position in Dave during the 2nd quarter worth $30,000. National Bank of Canada FI acquired a new position in shares of Dave during the third quarter valued at $30,000. Kestra Advisory Services LLC bought a new stake in shares of Dave during the fourth quarter valued at about $36,000. Atlas Capital Advisors Inc. acquired a new stake in Dave in the fourth quarter worth about $84,000. Finally, Inspire Advisors LLC acquired a new stake in shares of Dave in the 4th quarter worth approximately $207,000. 18.01% of the stock is currently 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.