Dave (NASDAQ:DAVE) Now Covered by Analysts at Loop Capital

Loop Capital assumed coverage on shares of Dave (NASDAQ:DAVE) in a research report released on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $500.00 price target on the fintech company’s stock.

DAVE has been the subject of several other reports. B. Riley Financial increased their price objective on Dave from $370.00 to $449.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Zacks Research lowered shares of Dave from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Freedom Capital upgraded shares of Dave to a “hold” rating in a research report on Thursday, July 30th. UBS Group lifted their price target on shares of Dave from $300.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Piper Sandler began coverage on shares of Dave in a report on Monday, August 17th. They set an “overweight” rating and a $390.00 price target for the company. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $418.25.

Dave Trading Down 3.9%

DAVE stock opened at $361.88 on Wednesday. Dave has a 1-year low of $152.21 and a 1-year high of $458.25. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.93. The business’s 50 day moving average is $378.99 and its 200-day moving average is $289.99. The firm has a market cap of $4.62 billion, a P/E ratio of 23.47 and a beta of 3.83.

Dave (NASDAQ:DAVE) last posted its earnings results on Wednesday, August 5th. The fintech company reported $0.49 EPS 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. Equities analysts anticipate that Dave will post 13.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dave

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in Dave by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after acquiring an additional 65 shares in the last quarter. Prudential Financial Inc. bought a new stake in shares of Dave during the second quarter valued at approximately $324,000. Invesco Ltd. grew its stake in shares of Dave by 2,379.9% during the second quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock valued at $26,166,000 after purchasing an additional 93,554 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Dave in the second quarter valued at approximately $18,710,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of Dave in the second quarter valued at approximately $402,000. Institutional investors own 18.01% of the company’s stock.

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.