Dave (NASDAQ:DAVE) Stock Price Down 6.8% – Should You Sell?

Dave Inc. (NASDAQ:DAVE)’s stock price fell 6.8% during trading on Wednesday . The stock traded as low as $194.48 and last traded at $192.3080. 123,935 shares traded hands during trading, a decline of 78% from the average session volume of 562,629 shares. The stock had previously closed at $206.40.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks published a favorable head‑to‑head on DAVE vs. UiPath, arguing Dave’s faster revenue growth, improving credit metrics and cheaper valuation give it upside relative to PATH. Dave vs. UiPath: Which Disruptive Tech Stock Has an Upside?
• Neutral Sentiment: Multiple short‑interest feed entries flagged a “large increase” in March shorting activity for DAVE, but the published figures contain zeros/NaN and are inconsistent across reports — creating uncertainty rather than a clear signal for investors.
• Neutral Sentiment: Key trading/valuation context: market cap ~$2.48B, P/E ~13.6, 12‑month range $65.46–$286.45; 50‑day and 200‑day moving averages sit near $190 and $208 respectively — technicals matter for this momentum‑sensitive stock.
• Negative Sentiment: Intraday selling pressure and above‑average volume suggest profit‑taking or risk reduction by traders after recent volatility; that selling is driving the stock lower despite the positive analyst take.

Analysts Set New Price Targets

Several brokerages have issued reports on DAVE. Wall Street Zen lowered Dave from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Canaccord Genuity Group increased their price target on Dave from $274.00 to $328.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. UBS Group reissued a “neutral” rating on shares of Dave in a research note on Friday, March 13th. Barrington Research reaffirmed an “outperform” rating and issued a $290.00 price objective on shares of Dave in a research report on Tuesday, March 10th. Finally, Weiss Ratings lowered Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $312.13.

Dave Trading Down 10.9%

The firm has a market cap of $2.49 billion, a P/E ratio of 13.69 and a beta of 3.86. The business has a 50-day moving average price of $190.30 and a 200-day moving average price of $207.87.

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

Institutional Investors Weigh In On Dave

Large investors have recently modified their holdings of the business. Divisadero Street Capital Management LP lifted its position in shares of Dave by 73.1% in the 3rd quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock worth $184,452,000 after purchasing an additional 390,676 shares during the period. Ameriprise Financial Inc. increased its holdings in Dave by 819.3% during the third quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock valued at $41,666,000 after buying an additional 186,273 shares during the period. Voya Investment Management LLC raised its stake in Dave by 5,603.0% in the third quarter. Voya Investment Management LLC now owns 144,285 shares of the fintech company’s stock worth $28,763,000 after buying an additional 141,755 shares in the last quarter. Neuberger Berman Group LLC purchased a new stake in Dave during the third quarter worth $26,726,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Dave during the fourth quarter worth $27,874,000. 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.