Dave (NASDAQ:DAVE) Stock Price Expected to Rise, Citizens Jmp Analyst Says

Dave (NASDAQ:DAVE) had its target price lifted by analysts at Citizens Jmp from $335.00 to $365.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “market outperform” rating on the fintech company’s stock. Citizens Jmp’s target price points to a potential upside of 52.72% from the stock’s previous close.

DAVE has been the topic of several other research reports. Canaccord Genuity Group set a $342.00 price objective on shares of Dave in a research report on Wednesday. Lake Street Capital reiterated a “buy” rating on shares of Dave in a research report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on shares of Dave from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dave in a research report on Friday, April 24th. Finally, B. Riley Financial lifted their price objective on shares of Dave from $297.00 to $303.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $325.13.

Dave Stock Down 9.4%

NASDAQ:DAVE traded down $24.81 during trading hours on Wednesday, hitting $239.00. 309,404 shares of the stock traded hands, compared to its average volume of 569,741. Dave has a 1 year low of $105.83 and a 1 year high of $287.69. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 17.66 and a beta of 3.93. The stock has a 50 day moving average price of $212.77 and a 200 day moving average price of $208.70.

Dave (NASDAQ:DAVE) last issued its quarterly earnings results on Tuesday, May 5th. The fintech company reported $4.02 earnings per share for the quarter, beating the consensus estimate of $2.86 by $1.16. The business had revenue of $158.40 million for the quarter, compared to the consensus estimate of $153.67 million. Dave had a net margin of 35.35% and a return on equity of 67.04%. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Equities analysts forecast that Dave will post 13.03 earnings per share for the current fiscal year.

Dave announced that its Board of Directors has authorized a stock repurchase program on Monday, March 2nd that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the fintech company to reacquire up to 11.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Dave

Several large investors have recently bought and sold shares of the business. Brevan Howard Capital Management LP increased its position in Dave by 1.6% in the third quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock worth $767,000 after purchasing an additional 62 shares during the last quarter. JPMorgan Chase & Co. increased its position in Dave by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock worth $2,412,000 after purchasing an additional 65 shares during the last quarter. Blue Trust Inc. increased its position in Dave by 106.8% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after purchasing an additional 79 shares during the last quarter. Arizona State Retirement System increased its position in Dave by 3.3% in the third quarter. Arizona State Retirement System now owns 2,787 shares of the fintech company’s stock worth $556,000 after purchasing an additional 88 shares during the last quarter. Finally, Westend Capital Management LLC increased its position in Dave by 100.0% in the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock worth $44,000 after purchasing an additional 100 shares during the last quarter. Institutional investors 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.