B. Riley Financial Issues Positive Forecast for Dave (NASDAQ:DAVE) Stock Price

Dave (NASDAQ:DAVE) had its price target hoisted by research analysts at B. Riley Financial from $370.00 to $449.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the fintech company’s stock. B. Riley Financial’s target price would indicate a potential upside of 17.63% from the company’s previous close.

DAVE has been the subject of a number of other research reports. Citigroup reissued an “outperform” rating on shares of Dave in a research report on Thursday. Keefe, Bruyette & Woods raised their price objective on shares of Dave from $485.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday. Benchmark boosted their target price on shares of Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. UBS Group upped their target price on shares of Dave from $300.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Canaccord Genuity Group set a $450.00 price target on Dave in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Dave has an average rating of “Moderate Buy” and a consensus price target of $401.10.

Dave Stock Down 11.3%

Shares of Dave stock traded down $48.45 during trading hours on Thursday, hitting $381.71. 286,050 shares of the company’s stock traded hands, compared to its average volume of 567,043. Dave has a twelve month low of $152.21 and a twelve month high of $458.25. The company has a market cap of $4.85 billion, a PE ratio of 24.55 and a beta of 3.83. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95. The stock has a 50 day simple moving average of $353.90 and a 200-day simple moving average of $259.45.

Dave (NASDAQ:DAVE) last issued its quarterly earnings results on Wednesday, August 5th. The fintech company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). Dave had a net margin of 37.22% and a return on equity of 77.70%. The business had revenue of $170.79 million during the quarter, compared to analysts’ expectations of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Equities research analysts anticipate that Dave will post 15.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jason Wilk sold 8,474 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the sale, the chief executive officer directly owned 299,950 shares in the company, valued at approximately $82,501,247.50. This represents a 2.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dan Preston sold 275 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 5,466 shares in the company, valued at approximately $1,353,654.90. This trade represents a 4.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 23.59% of the company’s stock.

Institutional Investors Weigh In On Dave

A number of hedge funds have recently added to or reduced their stakes in the stock. WealthCollab LLC bought a new position in shares of Dave during the second quarter worth about $30,000. National Bank of Canada FI bought a new stake in Dave in the 3rd quarter valued at about $30,000. Blue Trust Inc. boosted its stake in Dave by 106.8% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after purchasing an additional 79 shares during the period. Kestra Advisory Services LLC acquired a new position in Dave during the 4th quarter valued at about $36,000. Finally, Harbour Investments Inc. bought a new position in Dave in the 4th quarter worth about $66,000. 18.01% of the stock is currently owned by institutional investors.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Analysts raised price targets and maintained bullish ratings. Keefe, Bruyette & Woods increased its target from $485 to $490 and assigned an “outperform” rating. Citizens JMP raised its target from $450 to $475 and reiterated “market outperform,” implying substantial upside from recent trading levels. Benzinga analyst price-target reports
• Positive Sentiment: Dave raised its 2026 financial guidance. The company now expects adjusted earnings per share of $17.00–$17.50, above the $16.36 consensus estimate, and revenue of $725 million–$735 million, compared with the $714.7 million consensus. Dave Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Underlying operating trends were strong. Second-quarter revenue grew 30% year over year to $170.8 million, adjusted EBITDA rose 48% to $75.5 million, ExtraCash originations increased 27% to $2.3 billion, and the 28-day delinquency rate improved to 2.12%. Dave Q2 financial results
• Neutral Sentiment: Reported earnings figures are mixed across sources. One report cited quarterly EPS of $0.49, well below expectations, while Zacks reported $4.12 per share versus a $3.69 consensus. Dave said net income included $36.9 million of non-cash warrant and earnout remeasurement charges, which may have distorted headline results. Dave tops Q2 earnings and revenue estimates
• Negative Sentiment: The headline EPS miss may be weighing on the stock. MarketBeat reported EPS of $0.49 versus a $3.44 consensus, while revenue was essentially in line with estimates at $170.8 million versus $171.1 million. The conflicting earnings data and elevated valuation may be prompting profit-taking despite stronger adjusted metrics and guidance.

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.