Dave Inc. (NASDAQ:DAVE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Dave Inc. (NASDAQ:DAVE) has been given an average rating of “Moderate Buy” by the fourteen research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $325.8750.

Several brokerages have commented on DAVE. Wall Street Zen downgraded Dave from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. B. Riley Financial increased their price target on Dave from $297.00 to $303.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Canaccord Genuity Group increased their price objective on Dave from $328.00 to $342.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings raised Dave from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Finally, Citigroup reissued an “outperform” rating on shares of Dave in a research report on Wednesday, May 6th.

Institutional Investors Weigh In On Dave

Several hedge funds have recently modified their holdings of DAVE. Divisadero Street Capital Management LP boosted its position in shares of Dave by 73.1% in the third quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock valued at $184,452,000 after acquiring an additional 390,676 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Dave by 819.3% in the third quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock valued at $41,666,000 after acquiring an additional 186,273 shares during the period. Neuberger Berman Group LLC bought a new stake in shares of Dave in the third quarter valued at approximately $26,726,000. Jefferies Financial Group Inc. bought a new stake in shares of Dave in the fourth quarter valued at approximately $27,874,000. Finally, Wellington Management Group LLP boosted its position in shares of Dave by 200.7% in the third quarter. Wellington Management Group LLP now owns 177,103 shares of the fintech company’s stock valued at $35,305,000 after acquiring an additional 118,203 shares during the period. 18.01% of the stock is owned by institutional investors.

Dave Trading Down 0.6%

Shares of DAVE stock opened at $239.11 on Wednesday. Dave has a 12 month low of $152.21 and a 12 month high of $287.69. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95. The business’s 50 day moving average is $222.50 and its two-hundred day moving average is $209.51. The company has a market cap of $3.04 billion, a PE ratio of 15.38 and a beta of 3.93.

Dave (NASDAQ:DAVE) last announced its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating the consensus estimate of $2.86 by $0.78. Dave had a return on equity of 77.70% and a net margin of 37.22%.The company had revenue of $158.40 million for the quarter, compared to the consensus estimate of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Equities analysts predict that Dave will post 14.49 EPS for the current year.

Dave announced that its board has authorized 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 repurchase up to 11.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.