Dave (NASDAQ:DAVE) Updates FY 2026 Earnings Guidance

Dave (NASDAQ:DAVE) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 17.000-17.500 for the period, compared to the consensus estimate of 16.360. The company issued revenue guidance of $725.0 million-$735.0 million, compared to the consensus revenue estimate of $714.7 million.

Analysts Set New Price Targets

DAVE has been the subject of several research reports. Barrington Research lifted their price target on shares of Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, June 12th. Canaccord Genuity Group set a $450.00 price target on Dave in a research report on Thursday. Benchmark boosted their price objective on Dave from $345.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Keefe, Bruyette & Woods lifted their price target on Dave from $485.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Citizens Jmp increased their price target on Dave from $450.00 to $475.00 and gave the stock a “market outperform” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $412.90.

Dave Price Performance

Shares of NASDAQ:DAVE traded down $64.90 on Thursday, reaching $365.26. 949,426 shares of the company traded hands, compared to its average volume of 572,017. Dave has a fifty-two week low of $152.21 and a fifty-two week high of $458.25. The company’s 50 day moving average is $353.90 and its 200-day moving average is $259.45. The stock has a market capitalization of $4.64 billion, a PE ratio of 23.49 and a beta of 3.83. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86.

Dave (NASDAQ:DAVE) last issued its earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). The company had revenue of $170.79 million during the quarter, compared to analyst estimates of $171.11 million. Dave had a return on equity of 77.70% and a net margin of 37.22%.Dave has set its FY 2026 guidance at 17.000-17.500 EPS. As a group, analysts anticipate that Dave will post 15.66 earnings per share for the current fiscal year.

Insider Activity at Dave

In related news, CEO Jason Wilk sold 8,474 shares of the company’s stock in a transaction that occurred 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. This represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dan Preston sold 275 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was 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. This represents a 4.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 23.59% of the company’s stock.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave raised its 2026 outlook to $725 million-$735 million in revenue and $17-$17.50 in adjusted diluted EPS, above consensus estimates. Management expects growth from CashAI v6, higher ExtraCash limits and increased customer acquisition efforts. Dave 2026 outlook
• Positive Sentiment: Second-quarter revenue grew 30% year over year to $170.8 million, adjusted EBITDA increased 48% to $75.5 million, and the 28-day delinquency rate improved to 2.12%. ExtraCash originations rose 27% to $2.3 billion, supporting the company’s growth narrative. Dave second-quarter results
• Positive Sentiment: Several analysts raised their price targets and maintained bullish ratings: B. Riley to $449, Citizens JMP to $475 and Keefe, Bruyette & Woods to $490. Analyst price-target updates
• Neutral Sentiment: Reported revenue was essentially in line with estimates, while earnings figures varied by reporting measure. Zacks cited adjusted quarterly EPS of $4.12 versus a $3.69 consensus estimate, but another report showed $0.49 EPS versus a $3.44 estimate, reflecting the impact of non-cash warrant and earnout remeasurement charges. Dave earnings report
• Negative Sentiment: Dave plans heavier second-half marketing investment, which could weigh on near-term profitability even as management pursues faster growth. The differing EPS headlines may also unsettle investors after the stock’s strong run.

Institutional Trading of Dave

Several hedge funds and other institutional investors have recently modified their holdings of the business. WealthCollab LLC acquired a new position in Dave during the second quarter valued at $30,000. National Bank of Canada FI acquired a new stake in Dave during the 3rd quarter worth about $30,000. Kestra Advisory Services LLC purchased a new position in Dave during the 4th quarter valued at about $36,000. Atlas Capital Advisors Inc. purchased a new position in Dave during the 4th quarter valued at about $84,000. Finally, Inspire Advisors LLC acquired a new position in shares of Dave in the 4th quarter valued at about $207,000. Institutional investors and hedge funds own 18.01% of the company’s stock.

Dave Company Profile

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.