What is Seaport Res Ptn’s Estimate for Dave Q1 Earnings?

Dave Inc. (NASDAQ:DAVE) – Research analysts at Seaport Res Ptn raised their Q1 2026 earnings per share (EPS) estimates for shares of Dave in a note issued to investors on Monday, November 17th. Seaport Res Ptn analyst J. Cantwell now expects that the fintech company will earn $2.18 per share for the quarter, up from their previous forecast of $1.91. The consensus estimate for Dave’s current full-year earnings is $1.07 per share. Seaport Res Ptn also issued estimates for Dave’s Q2 2026 earnings at $2.81 EPS, Q3 2026 earnings at $3.30 EPS, Q4 2026 earnings at $3.70 EPS and FY2026 earnings at $11.98 EPS.

Dave (NASDAQ:DAVE) last issued its quarterly earnings results on Tuesday, November 4th. The fintech company reported $4.24 EPS 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 the consensus estimate of $153.09 million. Dave has set its FY 2025 guidance at EPS.

Several other research firms have also issued reports on DAVE. JPMorgan Chase & Co. set a $300.00 price target on shares of Dave in a research report on Friday, September 26th. Lake Street Capital reissued a “buy” rating and set a $308.00 target price on shares of Dave in a research report on Wednesday, November 5th. Barrington Research restated an “outperform” rating and set a $290.00 price target on shares of Dave in a research note on Monday, November 3rd. JMP Securities set a $310.00 price objective on Dave in a research report on Wednesday, November 5th. Finally, Wall Street Zen upgraded Dave from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.25.

Dave Trading Down 1.9%

Shares of DAVE stock opened at $190.46 on Wednesday. The firm has a market capitalization of $2.57 billion, a P/E ratio of 18.88 and a beta of 3.89. Dave has a 1 year low of $65.46 and a 1 year high of $286.45. The firm’s fifty day simple moving average is $221.87 and its 200 day simple moving average is $213.05. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.26.

Institutional Inflows and Outflows

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

Insider Buying and Selling at Dave

In other news, Director Imran Khan sold 8,535 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $217.70, for a total value of $1,858,069.50. Following the sale, the director directly owned 48,885 shares in the company, valued at approximately $10,642,264.50. This represents a 14.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Yadin Rozov sold 4,726 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $228.06, for a total value of $1,077,811.56. Following the completion of the transaction, the director directly owned 75,197 shares of the company’s stock, valued at approximately $17,149,427.82. The trade was a 5.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 226,943 shares of company stock valued at $50,301,987. 28.48% of the stock is currently owned by corporate insiders.

Dave announced that its board has authorized a share buyback plan on Wednesday, August 13th that allows the company to buyback $125.00 million in shares. This buyback authorization allows the fintech company to repurchase up to 5.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

About Dave

Dave, Inc is a digital banking service. Its products include a budgeting tool to help members manage their upcoming bills to avoid overspending, cash advances through its flagship ExtraCash product to help members avoid punitive overdraft fees, a Side Hustle product, where Dave helps connect members with supplemental work opportunities, and Dave Banking, a modern checking account experience with valuable tools for building long-term financial health.