Dave (NASDAQ:DAVE) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Dave (NASDAQ:DAVE) from a hold rating to a sell rating in a report published on Saturday morning,Wall Street Zen reports.

DAVE has been the topic of several other reports. Freedom Capital upgraded shares of Dave to a “hold” rating in a research note on Thursday, July 30th. B. Riley Financial boosted their price target on shares of Dave from $370.00 to $449.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. UBS Group restated a “buy” rating on shares of Dave in a research note on Thursday, October 1st. Weiss Ratings upgraded Dave from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. Finally, Lake Street Capital restated a “buy” rating and issued a $450.00 price objective on shares of Dave in a report on Thursday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Dave currently has a consensus rating of “Moderate Buy” and an average target price of $433.25.

Dave Price Performance

NASDAQ DAVE opened at $321.88 on Friday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.93. Dave has a 12-month low of $152.21 and a 12-month high of $458.25. The company has a market capitalization of $4.11 billion, a PE ratio of 20.87 and a beta of 3.92. The firm’s 50 day moving average is $352.87 and its 200-day moving average is $286.92.

Dave (NASDAQ:DAVE) last announced its quarterly earnings data 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 return on equity of 77.46% and a net margin of 34.58%. The business had revenue of $170.79 million during the quarter, compared to the consensus estimate 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 13.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dave

Large investors have recently made changes to their positions in the stock. GK Wealth Management LLC bought a new position in Dave during the third quarter worth about $34,000. Signaturefd LLC raised its stake in Dave by 119.2% in the third quarter. Signaturefd LLC now owns 114 shares of the fintech company’s stock valued at $37,000 after buying an additional 62 shares during the period. Allworth Financial LP raised its stake in Dave by 25.4% in the second quarter. Allworth Financial LP now owns 143 shares of the fintech company’s stock valued at $53,000 after buying an additional 29 shares during the period. GAMMA Investing LLC lifted its position in shares of Dave by 43.9% in the second quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock valued at $83,000 after buying an additional 68 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of Dave by 841.7% in the third quarter. Sterling Capital Management LLC now owns 339 shares of the fintech company’s stock valued at $109,000 after buying an additional 303 shares during the last quarter. Institutional investors and hedge funds own 18.01% of the company’s stock.

Dave Company Profile

Dave Inc is a financial technology company that operates a digital banking platform in the United States. The company’s mobile app is designed to help members manage everyday finances, access funds between paychecks and build financial flexibility.

Its primary offerings include ExtraCash, an advance product intended to provide eligible members with access to a portion of their expected income, and Dave Spending, a debit account and associated payment card. Dave also provides budgeting tools, automated savings features through Dave Goals, and Side Hustle resources that help members identify potential ways to earn additional income.

Dave was founded in 2016 by Jason Wilk, who serves as chief executive officer.