Dave Inc. (NASDAQ:DAVE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Dave Inc. (NASDAQ:DAVE) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $312.1250.

A number of analysts recently commented on DAVE shares. Keefe, Bruyette & Woods upped their price target on shares of Dave from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Canaccord Genuity Group boosted their target price on shares of Dave from $274.00 to $328.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Zacks Research upgraded Dave from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Lake Street Capital raised their price target on Dave from $308.00 to $326.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Finally, Benchmark reiterated a “buy” rating on shares of Dave in a research note on Tuesday, March 3rd.

Insider Buying and Selling at Dave

In other news, Director Imran Khan sold 1,146 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $204.00, for a total value of $233,784.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 97,771 shares of company stock worth $19,194,391 in the last quarter. Corporate insiders own 28.48% of the company’s stock.

Institutional Trading of Dave

Hedge funds and other institutional investors have recently bought and sold shares of the company. Divisadero Street Capital Management LP increased its holdings in shares of Dave by 73.1% in the third quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock worth $184,452,000 after purchasing an additional 390,676 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Dave by 819.3% during the third quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock worth $41,666,000 after purchasing an additional 186,273 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Dave by 5,603.0% during the third quarter. Voya Investment Management LLC now owns 144,285 shares of the fintech company’s stock worth $28,763,000 after purchasing an additional 141,755 shares in the last quarter. Neuberger Berman Group LLC bought a new position in shares of Dave in the third quarter worth approximately $26,726,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Dave in the fourth quarter worth approximately $27,874,000. Institutional investors own 18.01% of the company’s stock.

Dave Stock Up 1.8%

DAVE opened at $225.34 on Friday. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 16.69 and a beta of 3.86. The firm has a 50-day moving average price of $193.25 and a 200-day moving average price of $207.50. Dave has a twelve month low of $65.46 and a twelve month high of $286.45.

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

Dave News Roundup

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Barrington Research reaffirmed an “outperform” rating and set a $290 price target (roughly a high-single-digit to mid-double-digit upside from current levels), a clear analyst catalyst supporting buying interest. Barrington Reaffirmation
• Positive Sentiment: Technical backdrop is constructive: DAVE trades above both its 50-day (~$193) and 200-day (~$208) simple moving averages, a bullish setup that can attract momentum flows and trend-following funds.
• Positive Sentiment: Continued bullish narrative from coverage pieces highlighting strong performance — a Zacks write-up notes DAVE has climbed ~165% over the past year, reinforcing momentum-driven investor interest. Zacks Coverage
• Neutral Sentiment: Short-interest notices in recent data show reported increases but list “0 shares” / NaN changes — this appears to be a reporting/data anomaly rather than meaningful new short pressure; days-to-cover reads as 0.0 in the feeds. (Monitor official exchange short-interest releases for confirmation.)
• Neutral Sentiment: Multiple news items about shootings at Dave & Buster’s locations are circulating; these stories concern Dave & Buster’s (ticker PLAY) and are unrelated to Dave Inc.’s fintech business, so they are unlikely to be a direct driver of DAVE’s valuation. Example coverage: Dave & Buster’s Shooting Coverage
• Neutral Sentiment: Risk/volatility note: DAVE has a high beta (~3.86), so analyst upgrades, momentum, or news-flow can produce amplified intraday moves; position size and stop management are important for traders.

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.