Dave (NASDAQ:DAVE) Stock Rating Upgraded by Benchmark

Dave (NASDAQ:DAVE) was upgraded by Benchmark from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other analysts have also weighed in on the company. B. Riley Financial increased their price target on Dave from $358.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Wall Street Zen lowered shares of Dave from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. William Blair reiterated an “accumulate” rating on shares of Dave in a research report on Friday, March 13th. Evercore started coverage on shares of Dave in a research report on Wednesday, May 27th. They set a “hold” rating and a $260.00 price objective on the stock. Finally, Barrington Research increased their target price on shares of Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $338.40.

Dave Trading Up 2.8%

Shares of NASDAQ DAVE opened at $383.13 on Wednesday. The business’s 50 day moving average is $277.41 and its two-hundred day moving average is $226.08. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86. Dave has a 1-year low of $152.21 and a 1-year high of $404.44. The stock has a market capitalization of $4.87 billion, a P/E ratio of 24.64 and a beta of 3.82.

Dave (NASDAQ:DAVE) last posted its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.78. The business had revenue of $158.41 million during the quarter, compared to analyst estimates of $153.67 million. Dave had a return on equity of 77.70% and a net margin of 37.22%.Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, research analysts expect that Dave will post 15.44 EPS for the current year.

Insider Activity at Dave

In related news, CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the completion of the sale, the chief executive officer directly owned 299,950 shares of the company’s stock, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dan Preston sold 275 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total value of $68,103.75. Following the sale, the director directly owned 5,466 shares of the company’s stock, valued at $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 28.48% of the company’s stock.

Institutional Trading of Dave

Institutional investors and hedge funds have recently made changes to their positions in the business. Brevan Howard Capital Management LP boosted its stake in shares of Dave by 1.6% during the third quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock valued at $767,000 after purchasing an additional 62 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Dave by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock worth $2,412,000 after purchasing an additional 65 shares during the last quarter. Blue Trust Inc. increased its stake in Dave by 106.8% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after buying an additional 79 shares during the period. Westend Capital Management LLC increased its stake in Dave by 100.0% in the 4th quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock worth $44,000 after buying an additional 100 shares during the period. Finally, Citizens Financial Group Inc. RI lifted its holdings in Dave by 2.6% during the 4th quarter. Citizens Financial Group Inc. RI now owns 3,908 shares of the fintech company’s stock valued at $865,000 after buying an additional 100 shares in the last quarter. 18.01% of the stock is currently owned by institutional investors.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Benchmark raised its price target on Dave Inc. to $475 from $345 and kept a positive view, reinforcing bullish sentiment around the stock. Dave shares climb as analyst target hike adds to momentum from recent capital and earnings updates
• Positive Sentiment: Investors are also reacting to Dave’s strong first-quarter results, with revenue up 47% year over year and profitability improving sharply, which supports the company’s growth story. Dave shares climb as analyst target hike adds to momentum from recent capital and earnings updates
• Positive Sentiment: Recent guidance increases for 2026 revenue, adjusted EBITDA, and adjusted EPS continue to suggest management sees sustained momentum ahead. Dave Stock Outlook as CashAI and ExtraCash Fuel 2026 Momentum
• Positive Sentiment: The company’s shift to a bank-partnership funding model for ExtraCash may improve capital efficiency, lower funding costs, and unlock more than $200 million in liquidity, which investors may view as a meaningful balance-sheet catalyst. Dave shares climb as analyst target hike adds to momentum from recent capital and earnings updates

About Dave

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.