Analysts Set Dave Inc. (NASDAQ:DAVE) PT at $325.40

Dave Inc. (NASDAQ:DAVE) has earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $325.40.

Several research firms have recently issued reports on DAVE. B. Riley Financial upped their price target on Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Weiss Ratings upgraded Dave from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 11th. Benchmark downgraded Dave from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. William Blair reiterated an “accumulate” rating on shares of Dave in a research note on Friday, March 13th. Finally, Citigroup reiterated an “outperform” rating on shares of Dave in a research note on Wednesday, May 6th.

Insider Activity at Dave

In related news, Director Dan Preston sold 275 shares of the 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 sale, the director owned 5,466 shares in the company, valued at $1,353,654.90. This represents a 4.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jason Wilk sold 8,474 shares of the 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 sale, the chief executive officer owned 299,950 shares of the company’s stock, valued at approximately $82,501,247.50. The trade was a 2.75% decrease in their position. The SEC filing for this sale provides additional information. 28.48% of the stock is owned by corporate insiders.

Institutional Trading of Dave

Several hedge funds have recently added to or reduced their stakes in DAVE. JPMorgan Chase & Co. boosted its stake in Dave by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after purchasing an additional 65 shares during the period. Prudential Financial Inc. bought a new stake in Dave during the 2nd quarter valued at approximately $324,000. Invesco Ltd. boosted its stake in Dave by 2,379.9% during the 2nd quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock valued at $26,166,000 after purchasing an additional 93,554 shares during the period. First Trust Advisors LP bought a new stake in Dave during the 2nd quarter valued at approximately $18,710,000. Finally, Cresset Asset Management LLC bought a new stake in Dave during the 2nd quarter valued at approximately $402,000. Institutional investors own 18.01% of the company’s stock.

Dave Stock Performance

Shares of NASDAQ DAVE opened at $314.44 on Friday. The business’s 50-day moving average price is $254.84 and its two-hundred day moving average price is $217.36. 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 has a one year low of $152.21 and a one year high of $318.66. The company has a market capitalization of $4.00 billion, a P/E ratio of 20.22 and a beta of 3.87.

Dave (NASDAQ:DAVE) last issued its earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. The firm had revenue of $158.41 million for the quarter, compared to the consensus estimate of $153.67 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 16.250-16.750 EPS. Analysts anticipate that Dave will post 14.7 earnings per share for the current fiscal year.

Dave announced that its board has initiated a stock repurchase program on Monday, March 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the fintech company to buy up to 11.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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.