Dave (NASDAQ:DAVE) Hits New 52-Week High on Analyst Upgrade

Dave Inc. (NASDAQ:DAVE)’s share price reached a new 52-week high on Monday after Keefe, Bruyette & Woods raised their price target on the stock from $340.00 to $485.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. Dave traded as high as $409.00 and last traded at $405.2730, with a volume of 287100 shares traded. The stock had previously closed at $400.75.

Several other research firms have also issued reports on DAVE. Citizens Jmp lifted their price objective on Dave from $365.00 to $450.00 and gave the company a “market outperform” rating in a research note on Thursday. Barrington Research upped their target price on Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Friday, June 12th. Canaccord Genuity Group raised their price target on Dave from $328.00 to $342.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Evercore assumed coverage on Dave in a report on Wednesday, May 27th. They set a “hold” rating and a $260.00 price objective for the company. Finally, Citigroup restated an “outperform” rating on shares of Dave in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $362.40.

Insiders Place Their Bets

In other Dave news, CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction dated 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 completion of the sale, the chief executive officer owned 299,950 shares of the company’s stock, valued at $82,501,247.50. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dan Preston sold 275 shares of the company’s stock in a transaction dated 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 transaction, the director owned 5,466 shares of the company’s stock, valued at $1,353,654.90. The trade was a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 28.48% of the stock is owned by corporate insiders.

Institutional Trading of Dave

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in shares of Dave by 2,267.1% in the 4th quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock valued at $19,606,000 after purchasing an additional 84,811 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in Dave in the 3rd quarter worth $1,826,000. Pictet Asset Management Holding SA raised its position in Dave by 372.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,841 shares of the fintech company’s stock worth $1,293,000 after purchasing an additional 4,604 shares during the period. Azora Capital LP raised its position in Dave by 87.9% in the 3rd quarter. Azora Capital LP now owns 133,242 shares of the fintech company’s stock worth $26,562,000 after purchasing an additional 62,318 shares during the period. Finally, Granahan Investment Management LLC bought a new stake in Dave in the third quarter worth $2,400,000. Institutional investors own 18.01% of the company’s stock.

Dave Price Performance

The firm’s 50 day simple moving average is $293.43 and its two-hundred day simple moving average is $235.20. 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 firm has a market capitalization of $4.95 billion, a P/E ratio of 25.00 and a beta of 3.82.

Dave (NASDAQ:DAVE) last announced its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (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 analysts’ expectations 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. As a group, analysts predict that Dave Inc. will post 15.45 earnings per share for the current year.

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.