Dave (NASDAQ:DAVE) Earns “Outperform” Rating from Barrington Research

Dave (NASDAQ:DAVE)‘s stock had its “outperform” rating reiterated by research analysts at Barrington Research in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $290.00 price objective on the fintech company’s stock. Barrington Research’s price objective points to a potential upside of 28.69% from the company’s previous close.

Other analysts also recently issued reports about the company. Benchmark reaffirmed a “buy” rating on shares of Dave in a report on Tuesday, March 3rd. Weiss Ratings cut Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. Wall Street Zen lowered shares of Dave from a “buy” rating to a “hold” rating in a research note on Saturday. Lake Street Capital boosted their price objective on shares of Dave from $308.00 to $326.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Finally, Canaccord Genuity Group upped their target price on shares of Dave from $274.00 to $328.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $312.13.

Dave Price Performance

Shares of DAVE traded up $3.92 during midday trading on Tuesday, reaching $225.34. The stock had a trading volume of 666,366 shares, compared to its average volume of 592,751. Dave has a 1-year low of $65.46 and a 1-year high of $286.45. The company’s fifty day simple moving average is $193.17 and its two-hundred day simple moving average is $207.32. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 16.69 and a beta of 3.85.

Dave announced that its board has approved a stock repurchase plan on Monday, March 2nd that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the fintech company to reacquire up to 11.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Dave news, Director Imran Khan sold 1,146 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $204.00, for a total transaction of $233,784.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 97,771 shares of company stock worth $19,194,391. 28.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dave

Institutional investors and hedge funds have recently made changes to their positions in the business. Axxcess Wealth Management LLC acquired a new position in Dave in the 4th quarter valued at about $1,629,000. Vident Advisory LLC increased its holdings in shares of Dave by 14.6% in the fourth quarter. Vident Advisory LLC now owns 4,543 shares of the fintech company’s stock valued at $1,006,000 after purchasing an additional 579 shares during the period. Delta Global Management LP purchased a new stake in shares of Dave during the fourth quarter worth approximately $543,000. Regal Partners Ltd lifted its holdings in shares of Dave by 184.9% during the fourth quarter. Regal Partners Ltd now owns 15,001 shares of the fintech company’s stock worth $3,321,000 after purchasing an additional 9,735 shares during the period. Finally, XTX Topco Ltd lifted its holdings in shares of Dave by 135.6% during the fourth quarter. XTX Topco Ltd now owns 11,424 shares of the fintech company’s stock worth $2,529,000 after purchasing an additional 6,576 shares during the period. 18.01% of the stock is owned by hedge funds and other institutional investors.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks highlights that DAVE has climbed ~165% over the past year and asks whether the stock remains a buy — this positive performance/coverage can attract investor interest and support the rally. Dave Soars 165% in a Year: Should You Invest in Its Stock Now?
• Neutral Sentiment: Short-interest report in the feed appears noisy/incorrect (shows a large increase but lists 0 shares and NaN), so there’s no clear signal of a material new short position pressuring DAVE; treat the data as unreliable until confirmed by official filings. (No link — internal short-interest note)
• Neutral Sentiment: Multiple news reports detail shootings and an arrest at Dave & Buster’s locations. Those stories concern Dave & Buster’s (operator ticker PLAY), not Dave Inc., so they are unlikely to affect DAVE’s fundamentals directly — though negative headlines in leisure/consumer venues can briefly worsen sector sentiment. Representative reports: Dave & Buster’s employee shot teen with gun during altercation Juvenile wounded in shooting at Dave & Buster’s Police: Dave & Buster’s worker shot teen who was threatening others
• Neutral Sentiment: Press coverage also notes Dave & Buster’s launched new multi-day unlimited gameplay passes (60-day pass / $1-a-day framing). Those promotions could boost traffic for that chain (PLAY) but are not directly relevant to Dave Inc.’s fintech business; useful for sector context only. Dave & Buster’s offers 60 days of unlimited gameplay Dave & Buster’s just launched something huge — and it only costs $1 a day

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.