Dave (NASDAQ:DAVE) Shares Gap Up – Still a Buy?

Dave Inc. (NASDAQ:DAVE) gapped up before the market opened on Friday . The stock had previously closed at $155.92, but opened at $175.73. Dave shares last traded at $177.2410, with a volume of 106,371 shares traded.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Preliminary results and guidance beat — Dave said 4Q25 revenue and adjusted EBITDA are expected to exceed the top end of prior guidance, and it raised Q4 and FY2025 revenue targets above Street estimates; 4Q25 28‑day DPD (delinquency) is expected ~1.95%–2.00%, better than guidance of <2.10%, implying improving credit trends and lower loss risk. These operational beats and conservative credit metrics are the main drivers behind the stock’s upward move. Dave Reports Preliminary Fourth Quarter and Full Year 2025 Results
• Neutral Sentiment: Guidance detail: company materially raised revenue targets (Q4: $164.0M vs. consensus ~$154.0M; FY: $554.0M vs. consensus ~$540.7M). EPS guidance entries in the release were blank/unspecified in the initial note — investors should watch the March 2 filing/call for finalized EPS and margin detail. (See GlobeNewswire link above for the announcement.)
• Neutral Sentiment: Unrelated “Dave” media noise — several high‑profile stories about other Daves (Dave Portnoy’s media coverage and bets; actor Dave Coulier’s health updates) are circulating in the news cycle and can create name‑recognition noise in search/social but are unrelated to Dave Inc.’s fundamentals. Example coverage: Portnoy headlines. Dave Portnoy Blasts NFL Legend For Being a ‘COWARD’
• Neutral Sentiment: Celebrity health stories (noise): multiple outlets report actor Dave Coulier is in remission — notable in headlines but not relevant to Dave Inc.’s business or credit/earnings metrics. Dave Coulier says he’s cancer-free — again

Wall Street Analysts Forecast Growth

DAVE has been the subject of several research analyst reports. Canaccord Genuity Group boosted their price objective on shares of Dave from $229.00 to $274.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Wall Street Zen cut Dave from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. JMP Securities set a $310.00 price objective on Dave in a research report on Wednesday, November 5th. B. Riley reiterated a “buy” rating and issued a $297.00 target price (up previously from $277.00) on shares of Dave in a research report on Wednesday, November 5th. Finally, Citizens Jmp boosted their target price on Dave from $300.00 to $310.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 5th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $304.25.

Dave Stock Up 15.5%

The firm has a 50-day simple moving average of $202.68 and a 200 day simple moving average of $210.19. The stock has a market capitalization of $2.43 billion, a P/E ratio of 17.97 and a beta of 3.89. The company has a debt-to-equity ratio of 0.26, a current ratio of 8.69 and a quick ratio of 8.69.

Dave (NASDAQ:DAVE) last released its quarterly earnings results on Tuesday, November 4th. The fintech company reported $4.24 earnings per share for the quarter, topping the consensus estimate of $2.29 by $1.95. Dave had a return on equity of 65.86% and a net margin of 29.85%.The company had revenue of $150.73 million for the quarter, compared to analysts’ expectations of $153.09 million. On average, equities research analysts forecast that Dave Inc. will post 1.07 EPS for the current year.

Insider Buying and Selling

In other news, CEO Jason Wilk sold 7,393 shares of Dave stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $203.77, for a total transaction of $1,506,471.61. Following the transaction, the chief executive officer owned 210,461 shares in the company, valued at approximately $42,885,637.97. The trade was a 3.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Imran Khan sold 1,146 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $204.00, for a total transaction of $233,784.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,164 shares of company stock worth $20,700,863 over the last three months. Insiders own 28.48% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DAVE. Divisadero Street Capital Management LP grew its position in shares of Dave by 73.1% in the 3rd quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock valued at $184,452,000 after buying an additional 390,676 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Dave by 819.3% in the third quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock worth $41,666,000 after acquiring an additional 186,273 shares during the period. Voya Investment Management LLC boosted its holdings in Dave by 5,603.0% in the third quarter. Voya Investment Management LLC now owns 144,285 shares of the fintech company’s stock valued at $28,763,000 after acquiring an additional 141,755 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in Dave during the 3rd quarter valued at approximately $26,726,000. Finally, Wellington Management Group LLP raised its holdings in Dave by 200.7% during the 3rd quarter. Wellington Management Group LLP now owns 177,103 shares of the fintech company’s stock worth $35,305,000 after purchasing an additional 118,203 shares during the last quarter. 18.01% of the stock is owned by institutional investors and hedge funds.

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.