Dave (NASDAQ:DAVE) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Dave (NASDAQ:DAVE) had its price target raised by stock analysts at Keefe, Bruyette & Woods from $485.00 to $490.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the fintech company’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 13.91% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Barrington Research lifted their price target on shares of Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Friday, June 12th. Evercore assumed coverage on shares of Dave in a research report on Wednesday, May 27th. They set a “hold” rating and a $260.00 price objective for the company. B. Riley Financial raised their target price on shares of Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Citizens Jmp upped their target price on Dave from $450.00 to $475.00 and gave the company a “market outperform” rating in a report on Thursday. Finally, Lake Street Capital restated a “buy” rating and set a $332.00 price objective on shares of Dave in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $393.20.

Dave Trading Up 0.2%

Shares of DAVE stock opened at $430.16 on Thursday. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95. Dave has a fifty-two week low of $152.21 and a fifty-two week high of $458.25. The firm’s 50 day moving average price is $353.90 and its two-hundred day moving average price is $259.45. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 27.66 and a beta of 3.83.

Dave (NASDAQ:DAVE) last issued 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 77.70% and a net margin of 37.22%.The company had revenue of $170.79 million for the quarter, compared to analyst estimates of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. On average, analysts anticipate that Dave will post 15.66 EPS for the current year.

Insider Buying and Selling

In related news, Director Dan Preston sold 275 shares of Dave stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $247.65, for a total transaction of $68,103.75. Following the transaction, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jason Wilk sold 8,474 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were 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 of the company’s stock, valued at $82,501,247.50. This represents a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 23.59% of the company’s stock.

Hedge Funds Weigh In On Dave

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Dave by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 685,839 shares of the fintech company’s stock worth $151,852,000 after buying an additional 30,546 shares during the period. Renaissance Technologies LLC grew its stake in Dave by 29.2% during the 4th quarter. Renaissance Technologies LLC now owns 499,100 shares of the fintech company’s stock valued at $110,506,000 after acquiring an additional 112,700 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Dave by 31.1% in the 4th quarter. Geode Capital Management LLC now owns 318,295 shares of the fintech company’s stock valued at $70,483,000 after purchasing an additional 75,576 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Dave by 20.0% during the first quarter. Dimensional Fund Advisors LP now owns 253,173 shares of the fintech company’s stock worth $44,069,000 after purchasing an additional 42,262 shares during the period. Finally, State Street Corp increased its stake in Dave by 10.6% in the 4th quarter. State Street Corp now owns 233,163 shares of the fintech company’s stock valued at $51,625,000 after buying an additional 22,274 shares during the period. Institutional investors and hedge funds own 18.01% of the company’s stock.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave reported second-quarter revenue of $170.8 million, up 30% year over year, while adjusted EBITDA rose 48% to $75.5 million, representing a 44% margin. ExtraCash originations increased 27% to $2.3 billion, and the 28-day delinquency rate improved 14 basis points to 2.12%, supporting the company’s growth and credit-quality narrative. Dave Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised fiscal 2026 guidance to revenue of $725 million-$735 million and EPS of $17.00-$17.50, above analyst expectations of approximately $714.7 million and $16.36, respectively. The higher outlook signals confidence in continued member growth, monetization and operating leverage. Dave Reports Second Quarter 2026 Financial Results
• Positive Sentiment: One earnings analysis reported quarterly EPS of $4.12, ahead of the $3.69 consensus estimate and up from $3.14 a year earlier, adding to the bullish interpretation of the results. Dave Inc. Tops Q2 Earnings and Revenue Estimates
• Neutral Sentiment: Reported net income was $6.7 million after $36.9 million in non-cash warrant and earnout remeasurement charges. Investors are therefore likely to focus more heavily on adjusted EBITDA and the precise definition of EPS when evaluating the quarter.
• Negative Sentiment: Another earnings report listed EPS of $0.49, below a $3.44 consensus estimate, despite essentially in-line revenue of $170.79 million. This apparent difference in earnings methodology or data presentation may create confusion and short-term selling pressure. Dave Earnings Report
• Negative Sentiment: With a market capitalization of roughly $5.5 billion, a P/E near 28 and shares well above their 50- and 200-day moving averages, valuation and expectations are demanding. Any slowdown in ExtraCash growth or deterioration in credit metrics could disproportionately affect the stock.

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.