Dave (NASDAQ:DAVE) Shares Gap Down – What’s Next?

Dave Inc. (NASDAQ:DAVE) shares gapped down prior to trading on Wednesday . The stock had previously closed at $263.81, but opened at $245.12. Dave shares last traded at $245.8220, with a volume of 175,516 shares trading hands.

Trending Headlines about Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Analysts see meaningful upside in Dave Inc. shares, with the consensus price target suggesting roughly 30.5% potential gains if the company continues to deliver on earnings expectations. Article title
• Neutral Sentiment: Most of the other headlines in the feed refer to unrelated people named “Dave” and do not appear to have any direct impact on Dave Inc. Article title
• Neutral Sentiment: These unrelated entertainment and news items should not materially affect the stock’s fundamentals or trading outlook. Article title

Analyst Ratings Changes

Several analysts have recently commented on DAVE shares. William Blair restated an “accumulate” rating on shares of Dave in a research note on Friday, March 13th. Barrington Research restated an “outperform” rating and issued a $290.00 target price on shares of Dave in a research note on Monday. Citigroup restated an “outperform” rating on shares of Dave in a research note on Wednesday. Lake Street Capital restated a “buy” rating and issued a $332.00 target price on shares of Dave in a research note on Wednesday. Finally, Keefe, Bruyette & Woods raised their target price on Dave from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $325.88.

Dave Stock Performance

The firm has a market cap of $3.48 billion, a P/E ratio of 16.48 and a beta of 3.93. The company has a current ratio of 3.86, a quick ratio of 3.83 and a debt-to-equity ratio of 0.95. The company’s 50-day moving average is $215.98 and its two-hundred day moving average is $209.25.

Dave (NASDAQ:DAVE) last announced its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.78. Dave had a net margin of 37.22% and a return on equity of 77.70%. The business had revenue of $158.40 million for the quarter, compared to analysts’ expectations of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, equities analysts predict that Dave Inc. will post 13.03 EPS for the current fiscal year.

Dave declared that its Board of Directors has authorized a stock buyback plan on Monday, March 2nd that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the fintech company to buy up to 11.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Dave

Several large investors have recently added to or reduced their stakes in the business. Divisadero Street Capital Management LP lifted its position in Dave by 73.1% in the 3rd quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock valued at $184,452,000 after acquiring an additional 390,676 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Dave by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 685,839 shares of the fintech company’s stock worth $151,852,000 after buying an additional 30,546 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Dave by 29.2% in the 4th quarter. Renaissance Technologies LLC now owns 499,100 shares of the fintech company’s stock worth $110,506,000 after buying an additional 112,700 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Dave by 31.1% in the 4th quarter. Geode Capital Management LLC now owns 318,295 shares of the fintech company’s stock worth $70,483,000 after buying an additional 75,576 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Dave by 20.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 253,173 shares of the fintech company’s stock worth $44,069,000 after buying an additional 42,262 shares during the last quarter. 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.