Dave (NASDAQ:DAVE) Now Covered by Analysts at Monness Crespi & Hardt

Equities research analysts at Monness Crespi & Hardt assumed coverage on shares of Dave (NASDAQ:DAVE) in a research report issued on Monday, Briefing.com reports. The firm set a “neutral” rating on the fintech company’s stock.

Other equities research analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Dave from a “sell” rating to a “hold” rating in a research report on Saturday, October 10th. Seaport Research Partners restated a “buy” rating and issued a $422.00 target price on shares of Dave in a research note on Thursday, October 8th. Zacks Research lowered shares of Dave from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Freedom Capital raised shares of Dave to a “hold” rating in a research report on Thursday, July 30th. Finally, B. Riley Financial lifted their price target on shares of Dave from $370.00 to $449.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Dave currently has an average rating of “Moderate Buy” and a consensus target price of $433.25.

Dave Price Performance

Shares of DAVE opened at $354.60 on Monday. The firm has a market capitalization of $4.52 billion, a P/E ratio of 23.00 and a beta of 3.92. Dave has a 12-month low of $152.21 and a 12-month 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 firm has a fifty day moving average price of $355.72 and a 200-day moving average price of $325.39.

Dave (NASDAQ:DAVE) last posted its quarterly earnings results on Wednesday, August 5th. The fintech company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). The company had revenue of $170.79 million during 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 research analysts expect that Dave will post 13.04 earnings per share for the current year.

Hedge Funds Weigh In On Dave

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Dave by 20.0% in the first quarter. Dimensional Fund Advisors LP now owns 253,173 shares of the fintech company’s stock valued at $44,069,000 after acquiring an additional 42,262 shares in the last quarter. Estuary Capital Management LP purchased a new stake in Dave in the first quarter worth about $20,556,000. Cooper Creek Partners Management LLC bought a new position in Dave during the 1st quarter worth about $18,313,000. Sei Investments Co. grew its holdings in Dave by 21.4% during the 1st quarter. Sei Investments Co. now owns 98,435 shares of the fintech company’s stock worth $17,135,000 after acquiring an additional 17,320 shares in the last quarter. Finally, Globeflex Capital L P purchased a new position in Dave during the 2nd quarter valued at about $11,403,000. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Dave Company Profile

Dave Inc is a financial technology company that operates a digital banking platform in the United States. The company’s mobile app is designed to help members manage everyday finances, access funds between paychecks and build financial flexibility.

Its primary offerings include ExtraCash, an advance product intended to provide eligible members with access to a portion of their expected income, and Dave Spending, a debit account and associated payment card. Dave also provides budgeting tools, automated savings features through Dave Goals, and Side Hustle resources that help members identify potential ways to earn additional income.

Dave was founded in 2016 by Jason Wilk, who serves as chief executive officer.