Dave (NASDAQ:DAVE) Hits New 1-Year High – Here’s What Happened

Shares of Dave Inc. (NASDAQ:DAVE) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $322.01 and last traded at $319.3170, with a volume of 36511 shares changing hands. The stock had previously closed at $314.44.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Lake Street Capital reissued a “buy” rating and set a $332.00 price target on shares of Dave in a research note on Wednesday, May 6th. Canaccord Genuity Group lifted their price objective on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Barrington Research boosted their target price on Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, June 12th. Evercore began coverage on Dave in a research report on Wednesday, May 27th. They set a “hold” rating and a $260.00 target price on the stock. Finally, Wall Street Zen lowered Dave from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Dave currently has a consensus rating of “Moderate Buy” and a consensus target price of $325.40.

Dave Price Performance

The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86. The company has a 50-day moving average price of $257.56 and a 200-day moving average price of $218.14. The firm has a market capitalization of $3.93 billion, a PE ratio of 19.89 and a beta of 3.87.

Dave (NASDAQ:DAVE) last posted its quarterly earnings data 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 business had revenue of $158.41 million for the quarter, compared to analyst estimates 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. Sell-side analysts forecast that Dave Inc. will post 15.44 EPS for the current year.

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

Insider Activity at Dave

In other Dave news, CEO Jason Wilk sold 8,474 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total value of $2,330,773.70. Following the completion of the transaction, the chief executive officer directly owned 299,950 shares in the company, valued at approximately $82,501,247.50. The trade was a 2.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dan Preston sold 275 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total value of $68,103.75. Following the transaction, the director directly owned 5,466 shares in the company, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 28.48% of the company’s stock.

Institutional Investors Weigh In On Dave

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brevan Howard Capital Management LP raised its position in shares of Dave by 1.6% in the 3rd quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock worth $767,000 after buying an additional 62 shares during the period. JPMorgan Chase & Co. grew its position in Dave by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after acquiring an additional 65 shares during the period. Blue Trust Inc. increased its stake in Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after acquiring an additional 79 shares during the last quarter. Westend Capital Management LLC increased its stake in Dave by 100.0% during the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock worth $44,000 after acquiring an additional 100 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its holdings in shares of Dave by 2.6% in the 4th quarter. Citizens Financial Group Inc. RI now owns 3,908 shares of the fintech company’s stock worth $865,000 after purchasing an additional 100 shares during the period. Hedge funds and other 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.