Barrington Research Reaffirms Outperform Rating for Dave (NASDAQ:DAVE)

Dave (NASDAQ:DAVE)‘s stock had its “outperform” rating reissued by equities research analysts at Barrington Research in a research report issued on Wednesday,Benzinga reports. They currently have a $290.00 price target on the fintech company’s stock. Barrington Research’s target price would suggest a potential upside of 21.28% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods increased their price objective on shares of Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Wall Street Zen lowered shares of Dave from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Research raised shares of Dave from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. B. Riley Financial raised their target price on shares of Dave from $297.00 to $303.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings raised shares of Dave from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Dave presently has an average rating of “Moderate Buy” and a consensus price target of $325.88.

Dave Stock Down 0.6%

Shares of NASDAQ:DAVE opened at $239.11 on Wednesday. Dave has a 12 month low of $152.21 and a 12 month high of $287.69. The company’s 50-day moving average price is $222.50 and its two-hundred day moving average price is $209.51. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95. The firm has a market cap of $3.04 billion, a P/E ratio of 15.38 and a beta of 3.93.

Dave (NASDAQ:DAVE) last issued its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.78. Dave had a net margin of 37.22% and a return on equity of 77.70%. The firm had revenue of $158.40 million for the quarter, compared to analyst estimates of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, research analysts forecast that Dave will post 14.49 EPS for the current fiscal year.

Dave announced that its board has authorized a stock buyback program on Monday, March 2nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the fintech company to repurchase up to 11.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Dave

Hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in Dave by 22.7% in the third quarter. Principal Financial Group Inc. now owns 67,792 shares of the fintech company’s stock valued at $13,514,000 after buying an additional 12,555 shares in the last quarter. SG Americas Securities LLC lifted its stake in Dave by 2,267.1% in the fourth quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock valued at $19,606,000 after buying an additional 84,811 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in Dave in the third quarter valued at approximately $1,826,000. Wilson Asset Management International PTY Ltd. bought a new position in Dave in the third quarter valued at approximately $1,561,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Dave in the third quarter valued at approximately $3,669,000. 18.01% of the stock is currently owned by institutional investors and hedge funds.

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.