Dave (NASDAQ:DAVE) Stock Price Expected to Rise, Citizens Jmp Analyst Says

Dave (NASDAQ:DAVE) had its target price upped by analysts at Citizens Jmp from $365.00 to $450.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the fintech company’s stock. Citizens Jmp’s price objective suggests a potential upside of 15.61% from the stock’s previous close.

A number of other analysts have also issued reports on DAVE. Canaccord Genuity Group lifted their target price on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Lake Street Capital reissued a “buy” rating and issued a $332.00 price target on shares of Dave in a report on Wednesday, May 6th. Barrington Research raised their price objective on Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, June 12th. Benchmark lifted their price objective on Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Finally, UBS Group began coverage on Dave in a research report on Tuesday, May 26th. They issued a “buy” rating and a $300.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $346.90.

Dave Price Performance

DAVE opened at $389.23 on Thursday. Dave has a twelve month low of $152.21 and a twelve month high of $409.00. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 25.11 and a beta of 3.82. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95. The company has a fifty day simple moving average of $288.33 and a 200 day simple moving average of $232.68.

Dave (NASDAQ:DAVE) last issued its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.78. The firm had revenue of $158.41 million for the quarter, compared to analyst estimates 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. Equities research analysts expect that Dave will post 15.44 EPS for the current fiscal year.

Insider Activity

In other news, 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 transaction, the chief executive officer owned 299,950 shares of the company’s stock, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dan Preston sold 275 shares of Dave stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $247.65, for a total value of $68,103.75. Following the completion of the transaction, the director owned 5,466 shares of the company’s stock, valued at $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 28.48% of the stock is currently owned by insiders.

Institutional Trading of Dave

Several institutional investors and hedge funds have recently bought and sold shares of the company. Divisadero Street Capital Management LP lifted its holdings in Dave by 73.1% during the 3rd quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock worth $184,452,000 after buying an additional 390,676 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of 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 acquiring an additional 186,273 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Dave during the 4th quarter valued at approximately $27,874,000. Wellington Management Group LLP raised its position in shares of Dave by 200.7% during the 3rd quarter. Wellington Management Group LLP now owns 177,103 shares of the fintech company’s stock valued at $35,305,000 after acquiring an additional 118,203 shares in the last quarter. Finally, Estuary Capital Management LP bought a new position in Dave during the first quarter worth $20,556,000. Institutional investors and hedge funds own 18.01% of the company’s stock.

Dave Company Profile

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.