Dave (NASDAQ:DAVE) Updates FY 2026 Earnings Guidance

Dave (NASDAQ:DAVE) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 17.000-17.500 for the period, compared to the consensus estimate of 16.360. The company issued revenue guidance of $725.0 million-$735.0 million, compared to the consensus revenue estimate of $714.7 million.

Dave Stock Performance

Shares of NASDAQ DAVE traded up $0.90 during mid-day trading on Wednesday, hitting $430.16. The company had a trading volume of 429,908 shares, compared to its average volume of 430,706. 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 business’s 50-day simple moving average is $353.90 and its 200-day simple moving average is $259.45. Dave has a 12 month low of $152.21 and a 12 month high of $458.25. The firm has a market cap of $5.47 billion, a P/E ratio of 27.66 and a beta of 3.83.

Dave (NASDAQ:DAVE) last released its earnings results on Wednesday, August 5th. The fintech company reported $4.12 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.68. Dave had a return on equity of 77.70% and a net margin of 37.22%.The business had revenue of $170.79 million for the quarter, compared to the consensus estimate of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. As a group, analysts predict that Dave will post 15.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Citizens Jmp lifted their price objective on Dave from $365.00 to $450.00 and gave the stock a “market outperform” rating in a report on Thursday, July 9th. Barrington Research upped their target price on Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, June 12th. B. Riley Financial upped their target price on Dave from $358.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. UBS Group raised their target price on Dave from $300.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Dave from $340.00 to $485.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $379.40.

Insider Activity

In other Dave news, CEO Jason Wilk sold 8,474 shares of the firm’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 completion of the transaction, the chief executive officer owned 299,950 shares in the company, valued at $82,501,247.50. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dan Preston sold 275 shares of Dave stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total value of $68,103.75. Following the sale, the director directly owned 5,466 shares in the company, 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. Corporate insiders own 23.59% of the company’s stock.

Institutional Trading of Dave

A number of large investors have recently bought and sold shares of DAVE. Delta Global Management LP acquired a new stake in shares of Dave in the 4th quarter valued at $543,000. Aquatic Capital Management LLC acquired a new stake in shares of Dave during the 3rd quarter worth about $537,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Dave during the 4th quarter worth about $527,000. Voleon Capital Management LP acquired a new stake in shares of Dave during the 3rd quarter worth about $481,000. Finally, Cresset Asset Management LLC lifted its holdings in Dave by 60.1% during the 3rd quarter. Cresset Asset Management LLC now owns 2,398 shares of the fintech company’s stock valued at $478,000 after purchasing an additional 900 shares during the last quarter. 18.01% of the stock is currently owned by institutional investors.

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.