Dave (NASDAQ:DAVE) Sets New 52-Week High – Here’s Why

Dave Inc. (NASDAQ:DAVE) hit a new 52-week high on Tuesday . The stock traded as high as $409.00 and last traded at $395.0190, with a volume of 35445 shares trading hands. The stock had previously closed at $396.00.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Citizens Jmp lifted their price objective on shares of Dave from $335.00 to $365.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 6th. Evercore began coverage on shares of Dave in a research report on Wednesday, May 27th. They set a “hold” rating and a $260.00 target price on the stock. Canaccord Genuity Group boosted their target price on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Barrington Research upped their target price on Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, June 12th. Finally, Benchmark increased their price target on Dave from $345.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $338.40.

Dave Stock Down 2.1%

The stock’s fifty day moving average is $284.22 and its two-hundred day moving average is $230.19. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $4.93 billion, a PE ratio of 24.88 and a beta of 3.82.

Dave (NASDAQ:DAVE) last posted its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.78. The business had revenue of $158.41 million during the quarter, compared to the consensus estimate 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, analysts predict that Dave Inc. will post 15.44 EPS for the current year.

Insider Activity at Dave

In other Dave news, Director Dan Preston sold 275 shares of the firm’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 completion of the sale, the director directly owned 5,466 shares of the company’s stock, valued at $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jason Wilk sold 8,474 shares of the business’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 sale, the chief executive officer 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 28.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. WealthCollab LLC purchased a new position in shares of Dave in the second quarter worth about $30,000. National Bank of Canada FI bought a new stake in shares of Dave in the third quarter valued at approximately $30,000. Blue Trust Inc. lifted its stake in shares of Dave by 106.8% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after buying an additional 79 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Dave during the 4th quarter valued at approximately $36,000. Finally, Westend Capital Management LLC boosted its holdings in Dave by 100.0% in the 4th quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock worth $44,000 after buying an additional 100 shares during the period. Institutional investors own 18.01% of the company’s stock.

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.