Dave (NASDAQ:DAVE) Sets New 1-Year High – Here’s What Happened

Dave Inc. (NASDAQ:DAVE)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $322.01 and last traded at $319.3170, with a volume of 36511 shares changing hands. The stock had previously closed at $314.44.

Trending Headlines about Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave Inc. (DAVE) hit a new 52-week high, reinforcing bullish momentum and signaling that investors remain confident in the company’s growth outlook. Dave Inc. (DAVE) Hit a 52 Week High, Can the Run Continue?
• Neutral Sentiment: Most of the other headlines reference people named Dave Ramsey, Dave Canales, Dave Portnoy, or Dave Matthews Band, and do not appear to be related to Dave Inc. (DAVE) or its stock.

Analysts Set New Price Targets

Several research analysts recently commented on DAVE shares. Benchmark cut Dave from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Barrington Research boosted their price target on Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, June 12th. Citigroup reiterated an “outperform” rating on shares of Dave in a research note on Wednesday, May 6th. Evercore began coverage on Dave in a report on Wednesday, May 27th. They issued a “hold” rating and a $260.00 price objective for the company. Finally, Citizens Jmp raised their target price on shares of Dave from $335.00 to $365.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.40.

Dave Price Performance

The business has a fifty day moving average of $262.77 and a 200 day moving average of $219.70. The firm has a market cap of $4.04 billion, a P/E ratio of 20.45 and a beta of 3.87. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95.

Dave (NASDAQ:DAVE) last released 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. Dave had a return on equity of 77.70% and a net margin of 37.22%.The firm had revenue of $158.41 million for the quarter, compared to analyst estimates of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, sell-side analysts anticipate that Dave Inc. will post 15.44 earnings per share for the current year.

Dave announced that its board has authorized a share repurchase plan on Monday, March 2nd that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the fintech company to buy up to 11.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Dave

In other Dave news, Director Dan Preston sold 275 shares of Dave stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total transaction of $68,103.75. Following the completion of the transaction, the director directly owned 5,466 shares of the company’s stock, valued at $1,353,654.90. The trade was a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jason Wilk sold 8,474 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the completion of the transaction, the chief executive officer directly owned 299,950 shares in the company, valued at $82,501,247.50. The trade was a 2.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 28.48% of the company’s stock.

Institutional Investors Weigh In On Dave

A number of institutional investors have recently made changes to their positions in DAVE. Divisadero Street Capital Management LP increased its stake in shares of Dave by 73.1% during the third quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock worth $184,452,000 after purchasing an additional 390,676 shares during the period. Ameriprise Financial Inc. grew its holdings in Dave by 819.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock valued at $41,666,000 after buying an additional 186,273 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in Dave in the 3rd quarter valued at $26,726,000. Jefferies Financial Group Inc. bought a new position in Dave during the 4th quarter worth $27,874,000. Finally, Wellington Management Group LLP increased its position in Dave by 200.7% during the 3rd quarter. Wellington Management Group LLP now owns 177,103 shares of the fintech company’s stock worth $35,305,000 after buying an additional 118,203 shares during the period. Institutional investors own 18.01% of the company’s stock.

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.