Dave (NASDAQ:DAVE) Upgraded at Wall Street Zen

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

A number of other research firms have also weighed in on DAVE. Keefe, Bruyette & Woods increased their price target on Dave from $485.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. UBS Group reissued a “buy” rating on shares of Dave in a research note on Thursday, October 1st. Citigroup restated an “outperform” rating on shares of Dave in a report on Thursday, August 6th. Freedom Capital upgraded Dave to a “hold” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. started coverage on shares of Dave in a research note on Tuesday, September 15th. They set an “overweight” rating and a $480.00 price objective for the company. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $433.25.

Dave Price Performance

Shares of NASDAQ:DAVE opened at $361.09 on Friday. Dave has a one year low of $152.21 and a one year high of $458.25. The stock has a fifty day moving average of $352.78 and a 200-day moving average of $313.27. The company has a market capitalization of $4.61 billion, a PE ratio of 23.42 and a beta of 3.92. The company has a debt-to-equity ratio of 0.93, a quick ratio of 4.22 and a current ratio of 4.22.

Dave (NASDAQ:DAVE) last released its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $3.44 by ($2.95). The company had revenue of $170.79 million for the quarter, compared to the consensus estimate of $171.11 million. Dave had a return on equity of 77.46% and a net margin of 34.58%. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. As a group, equities analysts anticipate that Dave will post 13.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Dave

Several institutional investors and hedge funds have recently added to or reduced their stakes in DAVE. 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. Estuary Capital Management LP acquired a new position in Dave in the 1st quarter valued at approximately $20,556,000. Cooper Creek Partners Management LLC purchased a new stake in Dave in the 1st quarter worth approximately $18,313,000. Sei Investments Co. lifted its position in Dave by 21.4% in the 1st quarter. Sei Investments Co. now owns 98,435 shares of the fintech company’s stock worth $17,135,000 after buying an additional 17,320 shares in the last quarter. Finally, Findell Capital Management LLC boosted its stake in shares of Dave by 84.2% during the 4th quarter. Findell Capital Management LLC now owns 70,000 shares of the fintech company’s stock valued at $15,499,000 after buying an additional 32,000 shares during the period. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Dave Company Profile

Dave Inc is a financial technology company that operates a mobile banking and personal finance platform for consumers in the United States. The company provides tools designed to help members manage everyday finances, access funds between paychecks and improve their financial flexibility.

Its primary offerings include ExtraCash, an advance product that allows eligible members to access a portion of their expected income before payday, and Dave Spending, a deposit account and debit card product.