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

Dave Inc. (NASDAQ:DAVE) has been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $304.25.

Several brokerages have recently commented on DAVE. Citigroup restated an “outperform” rating on shares of Dave in a research note on Wednesday, November 5th. Benchmark reissued a “buy” rating on shares of Dave in a report on Tuesday, January 13th. JMP Securities set a $310.00 price target on shares of Dave in a research report on Wednesday, November 5th. Wall Street Zen lowered shares of Dave from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, B. Riley reiterated a “buy” rating and issued a $297.00 target price (up previously from $277.00) on shares of Dave in a research note on Wednesday, November 5th.

Insider Buying and Selling at Dave

In other news, Director Imran Khan sold 33,270 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $199.34, for a total value of $6,632,041.80. Following the completion of the sale, the director directly owned 2,110 shares in the company, valued at approximately $420,607.40. This trade represents a 94.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jason Wilk sold 7,393 shares of Dave stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $203.77, for a total value of $1,506,471.61. Following the completion of the transaction, the chief executive officer directly owned 210,461 shares of the company’s stock, valued at $42,885,637.97. This represents a 3.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 105,164 shares of company stock valued at $20,700,863. Corporate insiders own 28.48% of the company’s stock.

Institutional Investors Weigh In On Dave

A number of hedge funds have recently added to or reduced their stakes in DAVE. SBI Securities Co. Ltd. boosted its holdings in Dave by 3.2% in the second quarter. SBI Securities Co. Ltd. now owns 1,953 shares of the fintech company’s stock valued at $524,000 after acquiring an additional 60 shares during the last quarter. Brevan Howard Capital Management LP raised its holdings in Dave by 1.6% during the 3rd quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock worth $767,000 after purchasing an additional 62 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Dave by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after purchasing an additional 65 shares during the period. Blue Trust Inc. boosted its stake in shares of Dave by 106.8% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after purchasing an additional 79 shares during the last quarter. Finally, Arizona State Retirement System grew its position in shares of Dave by 3.3% during the 3rd quarter. Arizona State Retirement System now owns 2,787 shares of the fintech company’s stock worth $556,000 after buying an additional 88 shares during the period. Institutional investors own 18.01% of the company’s stock.

Dave Trading Up 0.4%

Shares of DAVE opened at $186.00 on Thursday. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.51 billion, a PE ratio of 18.43 and a beta of 3.90. Dave has a 1 year low of $65.46 and a 1 year high of $286.45. The stock has a 50 day simple moving average of $208.80 and a 200-day simple moving average of $214.04.

Dave (NASDAQ:DAVE) last announced its quarterly earnings results on Tuesday, November 4th. The fintech company reported $4.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $1.95. Dave had a return on equity of 65.86% and a net margin of 29.85%.The firm had revenue of $150.73 million for the quarter, compared to analysts’ expectations of $153.09 million. On average, sell-side analysts predict that Dave will post 1.07 EPS for the current fiscal year.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave appointed Nima Khajehnouri — a senior AI and data engineering leader from Meta/Google/Snap — to its Board and to the Audit Committee, with simultaneous board leadership changes (Mike Pope named Lead Independent Director; Andrea Mitchell chairing Nominating & Governance). Management says this strengthens technical and AI capabilities, a potential tailwind for product differentiation and margin expansion. Dave Inc. Appoints Nima Khajehnouri to Board of Directors; Announces Board Leadership Transitions
• Positive Sentiment: Wall Street coverage remains constructive: multiple recent buy/outperform ratings and a median street price target near ~$298 — well above current levels — which supports upside sentiment among institutional and retail holders. QuiverQuant summary including analyst ratings & targets
• Neutral Sentiment: Zacks published a comparison of Dave vs. Nu (NU), noting Nu’s stronger revenue durability, AI-driven efficiency and faster customer growth while pointing out Dave’s cheaper valuation but rising competition — useful context for investors assessing market-share and valuation tradeoffs. DAVE vs. NU: Which High-Growth Fintech Is Worth Buying Now?
• Neutral Sentiment: Several unrelated entertainment articles referencing the name “Dave” (e.g., Dave Chappelle, Dave Bautista, a runaway peacock story) are circulating but have no material bearing on Dave Inc.’s business or stock fundamentals.
• Negative Sentiment: Data published alongside press coverage shows heavy insider selling activity over recent months (numerous sales by board/executives reported), which can weigh on investor sentiment even as company fundamentals evolve. Monitor disclosures for timing/intent. QuiverQuant insider activity summary

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.