Dave (NASDAQ:DAVE) Shares Pass Above 200 Day Moving Average – Should You Sell?

Shares of Dave Inc. (NASDAQ:DAVE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $204.97 and traded as high as $284.76. Dave shares last traded at $273.99, with a volume of 755,377 shares trading hands.

Key Headlines Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks highlights Dave as a leading name in the Technology Services/fintech space, citing industry tailwinds (remote work/tech adoption) that could support revenue and cash-flow improvement. Read More.
• Positive Sentiment: Zacks published pieces labeling DAVE a strong momentum stock and noting it recently hit a 52-week high—signals that institutional/momentum flows have been supporting the stock. Read More.
• Neutral Sentiment: Dave scheduled its Q1 2026 earnings release and conference call for May 5 (results and guidance will be the next major catalyst and a common reason for pre-earnings volatility). Read More.
• Neutral Sentiment: Recent analyst commentary (Zacks) supports the growth/momentum narrative, but those pieces also raise the question of whether the run can continue—introducing both upside if results surprise and downside if guidance disappoints. Read More.
• Neutral Sentiment: Other news items in the feed (multiple obituaries and entertainment pieces about musicians named “Dave”) are unrelated to Dave Inc.’s business and unlikely to move the stock. Read More. Read More.

Analyst Ratings Changes

A number of research firms have weighed in on DAVE. B. Riley Financial raised their price target on Dave from $297.00 to $303.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Canaccord Genuity Group raised their price target on Dave from $274.00 to $328.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Citigroup restated an “outperform” rating on shares of Dave in a research note on Friday, April 10th. Lake Street Capital raised their price target on Dave from $308.00 to $326.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Finally, UBS Group reiterated a “neutral” rating on shares of Dave in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Dave currently has a consensus rating of “Moderate Buy” and a consensus price target of $315.25.

Dave Trading Down 2.7%

The company has a 50 day moving average price of $201.59 and a 200 day moving average price of $205.99. The company has a market capitalization of $3.72 billion, a P/E ratio of 20.32 and a beta of 3.81.

Dave declared that its Board of Directors has approved a stock buyback program on Monday, March 2nd that allows the company to buyback $300.00 million in shares. This buyback authorization allows the fintech company to repurchase up to 11.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. WealthCollab LLC bought a new position in shares of Dave during the 2nd quarter worth approximately $30,000. National Bank of Canada FI acquired a new stake in Dave during the 3rd quarter worth approximately $30,000. Blue Trust Inc. lifted its holdings in Dave by 106.8% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after purchasing an additional 79 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Dave during the 4th quarter worth approximately $36,000. Finally, Westend Capital Management LLC lifted its holdings in Dave by 100.0% during the 4th quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock worth $44,000 after purchasing an additional 100 shares during the last quarter. 18.01% of the stock is currently owned by institutional investors.

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.