Dave (NASDAQ:DAVE) Stock Rating Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Dave (NASDAQ:DAVE) from a sell rating to a hold rating in a report issued on Sunday,Wall Street Zen reports.

A number of other analysts also recently weighed in on DAVE. Zacks Research downgraded Dave from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Citizens Jmp raised their price target on Dave from $450.00 to $475.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 6th. Seaport Research Partners restated a “buy” rating and issued a $422.00 price target on shares of Dave in a research report on Thursday, October 8th. Monness Crespi & Hardt assumed coverage on Dave in a research note on Monday, October 26th. They issued a “neutral” rating for the company. Finally, Royal Bank Of Canada set a $380.00 price target on Dave in a research note on Friday. Fourteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $425.69.

Dave Stock Performance

Shares of DAVE stock opened at $278.59 on Friday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.71. The stock has a market cap of $3.55 billion, a P/E ratio of 22.50 and a beta of 4.07. The stock has a 50 day simple moving average of $347.96 and a 200 day simple moving average of $289.16. Dave has a 1 year low of $152.21 and a 1 year high of $458.25.

Dave (NASDAQ:DAVE) last issued its quarterly earnings results on Wednesday, November 4th. The fintech company reported $4.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.09 by $0.30. Dave had a return on equity of 59.86% and a net margin of 28.15%. The business had revenue of $197.70 million for the quarter, compared to the consensus estimate of $191.89 million. On average, research analysts predict that Dave will post 13.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Dave by 20.0% in the first quarter. Dimensional Fund Advisors LP now owns 253,173 shares of the fintech company’s stock valued at $44,069,000 after acquiring an additional 42,262 shares during the last quarter. Estuary Capital Management LP acquired a new position in Dave during the first quarter worth about $20,556,000. Cooper Creek Partners Management LLC acquired a new position in Dave during the first quarter worth about $18,313,000. Sei Investments Co. lifted its holdings in shares of Dave by 21.4% in the first quarter. Sei Investments Co. now owns 98,435 shares of the fintech company’s stock worth $17,135,000 after acquiring an additional 17,320 shares during the last quarter. Finally, Globeflex Capital L P bought a new position in shares of Dave in the second quarter worth about $11,403,000. 18.01% of the stock is owned by institutional investors.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave raised its 2026 revenue and profit outlook, citing member growth, improving credit performance and expansion of its ExtraCash product. These growth and credit trends could support future results. Article: DAVE Q3 Earnings Call Highlights Higher Outlook and Credit Gains
• Negative Sentiment: Third-quarter EPS of $4.39 fell short of Zacks’ $4.45 consensus estimate. The earnings shortfall contributed to the stock’s post-report selloff despite higher revenue and raised guidance. Article: Dave Inc. Q3 Earnings Miss Estimates
• Negative Sentiment: Kirby McInerney LLP announced an investigation into potential securities-law violations or other unlawful business practices. Another law firm also announced an investigation following the November 4 disclosure. These are allegations under investigation, not findings of wrongdoing, but the announcements may add uncertainty for investors. Article: Dave, Inc. Investigation
• Negative Sentiment: JPMorgan cut its price target to $435 from $480, though it kept an Overweight rating. The shares also reportedly fell below their 200-day moving average after an analyst downgrade, a potentially bearish technical signal. Article: JPMorgan Cuts Dave Price Target

About Dave

Dave Inc is a financial technology company that operates a mobile banking and personal finance platform in the United States. Its app is designed to help members manage everyday finances and access financial products through a digital interface.

The company’s offerings include ExtraCash, a cash advance product, and Dave Checking, along with budgeting features and tools intended to help users monitor spending and avoid overdrafts. Dave also provides access to job opportunities through its Side Hustle feature.