Dave (NASDAQ:DAVE) Upgraded at UBS Group

Dave (NASDAQ:DAVE) was upgraded by equities research analysts at UBS Group to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also recently weighed in on DAVE. Citizens Jmp lifted their price target on shares of Dave from $335.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 6th. Evercore initiated coverage on shares of Dave in a research note on Wednesday. They set an “in-line” rating and a $260.00 price target on the stock. Weiss Ratings upgraded shares of Dave from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. B. Riley Financial lifted their price target on shares of Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Canaccord Genuity Group lifted their price target on shares of Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $323.40.

Dave Trading Up 2.8%

Shares of Dave stock opened at $256.26 on Tuesday. The company’s fifty day simple moving average is $225.36 and its 200-day simple moving average is $209.81. The stock has a market capitalization of $3.26 billion, a PE ratio of 16.48 and a beta of 3.93. Dave has a 1-year low of $152.21 and a 1-year high of $287.69. 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 (NASDAQ:DAVE) last issued its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.78. The business had revenue of $158.40 million for the quarter, compared to analysts’ expectations of $153.67 million. Dave had a net margin of 37.22% and a return on equity of 77.70%. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, equities analysts anticipate that Dave will post 14.49 earnings per share for the current year.

Dave declared that its board has approved a stock repurchase plan on Monday, March 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the fintech company to reacquire up to 11.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Divisadero Street Capital Management LP boosted its holdings in shares of Dave by 73.1% during the 3rd quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock valued at $184,452,000 after purchasing an additional 390,676 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Dave by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 685,839 shares of the fintech company’s stock valued at $151,852,000 after purchasing an additional 30,546 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Dave by 29.2% during the 4th quarter. Renaissance Technologies LLC now owns 499,100 shares of the fintech company’s stock valued at $110,506,000 after purchasing an additional 112,700 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Dave by 31.1% during the 4th quarter. Geode Capital Management LLC now owns 318,295 shares of the fintech company’s stock valued at $70,483,000 after purchasing an additional 75,576 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Dave by 20.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 253,173 shares of the fintech company’s stock valued at $44,069,000 after purchasing an additional 42,262 shares during the last quarter. Institutional investors own 18.01% of the company’s stock.

Dave News Summary

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Evercore began coverage of Dave Inc. with an in-line rating and a $260 price target, suggesting the stock is viewed as roughly fairly valued but still supported by analysts. Evercore coverage referenced in market news
• Positive Sentiment: Zacks added Dave Inc. (DAVE) to its Strong Buy list, which may attract momentum-oriented investors and reinforce bullish sentiment. New Strong Buy Stocks for May 27th
• Neutral Sentiment: Several articles mentioning “Dave” refer to Dave Ramsey, Dave Chappelle, Dave Filoni, or Dave & Buster’s and appear unrelated to Dave Inc.’s business performance. Dave Ramsey article

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.