Dave (NASDAQ:DAVE) Price Target Raised to $365.00

Dave (NASDAQ:DAVE) had its price objective upped by Citizens Jmp from $335.00 to $365.00 in a research note issued to investors on Wednesday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the fintech company’s stock.

Several other research firms have also recently commented on DAVE. Benchmark reaffirmed a “buy” rating on shares of Dave in a research note on Tuesday, March 3rd. William Blair reaffirmed an “accumulate” rating on shares of Dave in a research note on Friday, March 13th. B. Riley Financial raised their target price on Dave from $297.00 to $303.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Citigroup reiterated an “outperform” rating on shares of Dave in a report on Wednesday. Finally, Keefe, Bruyette & Woods increased their price target on Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $325.88.

Dave Trading Up 2.8%

NASDAQ DAVE opened at $256.33 on Wednesday. The business has a 50 day simple moving average of $215.98 and a 200 day simple moving average of $209.25. Dave has a one year low of $149.20 and a one year high of $287.69. The stock has a market capitalization of $3.48 billion, a P/E ratio of 16.48 and a beta of 3.93. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.83.

Dave (NASDAQ:DAVE) last released its earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, topping 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 business had revenue of $158.40 million during the quarter, compared to analysts’ expectations of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Research analysts expect that Dave will post 13.03 earnings per share for the current year.

Dave declared that its Board of Directors has initiated a stock repurchase program on Monday, March 2nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the fintech company to buy up to 11.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DAVE. JPMorgan Chase & Co. lifted 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 valued at $2,412,000 after purchasing an additional 65 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Dave in the second quarter valued at approximately $324,000. Invesco Ltd. lifted its holdings in shares of Dave by 2,379.9% in the second quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock valued at $26,166,000 after purchasing an additional 93,554 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Dave in the second quarter valued at approximately $18,710,000. Finally, Cresset Asset Management LLC bought a new position in shares of Dave in the second quarter valued at approximately $402,000. Institutional investors own 18.01% of the company’s stock.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Analysts see meaningful upside in Dave Inc. shares, with the consensus price target suggesting roughly 30.5% potential gains if the company continues to deliver on earnings expectations. Article title
• Neutral Sentiment: Most of the other headlines in the feed refer to unrelated people named “Dave” and do not appear to have any direct impact on Dave Inc. Article title
• Neutral Sentiment: These unrelated entertainment and news items should not materially affect the stock’s fundamentals or trading outlook. Article title

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.