Dave (NASDAQ:DAVE) Upgraded at Freedom Capital

Dave (NASDAQ:DAVE) was upgraded by Freedom Capital to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other equities research analysts have also weighed in on DAVE. Barrington Research boosted their price target on Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Friday, June 12th. Evercore started coverage on shares of Dave in a research report on Wednesday, May 27th. They issued a “hold” rating and a $260.00 price objective for the company. B. Riley Financial lifted their target price on shares of Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Citigroup reissued an “outperform” rating on shares of Dave in a research report on Thursday, July 9th. Finally, Citizens Jmp upped their price target on shares of Dave from $365.00 to $450.00 and gave the company a “market outperform” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $379.40.

Dave Stock Down 1.3%

Shares of DAVE stock opened at $372.69 on Thursday. Dave has a 1-year low of $152.21 and a 1-year high of $458.25. The stock’s fifty day moving average price is $343.41 and its 200 day moving average price is $254.46. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 23.97 and a beta of 3.82.

Dave (NASDAQ:DAVE) last announced its earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.78. Dave had a return on equity of 77.70% and a net margin of 37.22%.The company had revenue of $158.41 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. On average, research analysts expect that Dave will post 15.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Dave

In related news, CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the sale, the chief executive officer owned 299,950 shares in the company, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dan Preston sold 275 shares of Dave stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total transaction of $68,103.75. Following the completion of the transaction, the director directly owned 5,466 shares of the company’s stock, valued at $1,353,654.90. The trade was a 4.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 28.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dave

A number of hedge funds have recently made changes to their positions in DAVE. Handelsbanken Fonder AB lifted its position in shares of Dave by 21.1% in the second quarter. Handelsbanken Fonder AB now owns 2,300 shares of the fintech company’s stock valued at $857,000 after acquiring an additional 400 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Dave by 24.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,710 shares of the fintech company’s stock worth $1,382,000 after acquiring an additional 730 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Dave during the second quarter worth approximately $745,000. GAMMA Investing LLC increased its position in shares of Dave by 43.9% during the second quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock worth $83,000 after purchasing an additional 68 shares in the last quarter. Finally, Prospect Capital Advisors LLC increased its position in shares of Dave by 39.4% during the first quarter. Prospect Capital Advisors LLC now owns 52,240 shares of the fintech company’s stock worth $9,094,000 after purchasing an additional 14,760 shares in the last quarter. Institutional investors and hedge funds 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.