Dave (NASDAQ:DAVE) Issues FY 2026 Earnings Guidance

Dave (NASDAQ:DAVE) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 17.000-17.500 for the period, compared to the consensus EPS estimate of 16.360. The company issued revenue guidance of $725.0 million-$735.0 million, compared to the consensus revenue estimate of $714.7 million.

Analyst Ratings Changes

Several equities research analysts recently commented on DAVE shares. Evercore assumed coverage on Dave in a report on Wednesday, May 27th. They set a “hold” rating and a $260.00 target price on the stock. Canaccord Genuity Group lifted their price target on Dave from $342.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup reiterated an “outperform” rating on shares of Dave in a research note on Thursday. Lake Street Capital restated a “buy” rating and set a $450.00 price objective on shares of Dave in a research note on Thursday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Dave from $485.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $412.90.

Dave Stock Performance

DAVE traded down $40.78 on Friday, hitting $324.48. The company had a trading volume of 473,584 shares, compared to its average volume of 572,223. 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 has a 1-year low of $152.21 and a 1-year high of $458.25. The company’s fifty day moving average price is $355.83 and its 200 day moving average price is $260.65. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 21.00 and a beta of 3.83.

Dave (NASDAQ:DAVE) last issued its quarterly earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.44 by ($2.95). The business had revenue of $170.79 million during the quarter, compared to analyst estimates of $171.11 million. Dave had a net margin of 34.58% and a return on equity of 72.34%. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Equities analysts predict that Dave will post 15.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dave news, CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total value of $2,330,773.70. Following the sale, the chief executive officer owned 299,950 shares of the company’s stock, valued at $82,501,247.50. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dan Preston sold 275 shares of Dave stock in a transaction that occurred on 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 directly owned 5,466 shares in the company, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 23.59% of the company’s stock.

Dave News Summary

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave reported second-quarter revenue of $170.8 million, up 30% year over year, while adjusted EBITDA rose 48% to $75.5 million, a 44% margin. ExtraCash originations increased 27% to $2.3 billion, and the 28-day delinquency rate improved to 2.12%. Dave Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 outlook to $725 million-$735 million in revenue and $17-$17.50 in adjusted diluted EPS, above prior analyst expectations. The company plans to increase second-half marketing, while CashAI v6, higher ExtraCash limits and improving credit losses are expected to support growth. Dave Raises 2026 Outlook
• Positive Sentiment: Several analysts raised their targets and maintained bullish ratings: Keefe, Bruyette & Woods lifted its target to $490 with an outperform rating, Citizens JMP raised its target to $475 with a market-outperform rating, and B. Riley increased its target to $449 with a buy rating. Keefe Bruyette and Woods Raises Dave Price Target
• Neutral Sentiment: Adjusted quarterly earnings were reported at $4.12 per share, beating the $3.69 consensus estimate. However, GAAP earnings were only $0.49 per share after $36.9 million in non-cash warrant and earnout remeasurement charges, creating conflicting signals for investors. Dave Tops Q2 Earnings and Revenue Estimates
• Negative Sentiment: A Barron’s report highlighted Dave’s history of extreme volatility, including a 97% collapse before a 1-for-32 reverse split and its subsequent sharp rebound. The warning may be prompting profit-taking and renewed concerns about valuation and the sustainability of the rally. SPACs Are Roaring Back: Dave Stock Cautionary Tale

Hedge Funds Weigh In On Dave

Several large investors have recently bought and sold shares of DAVE. Ameriprise Financial Inc. grew its position in Dave by 819.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock worth $41,666,000 after purchasing an additional 186,273 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Dave by 200.7% during the third quarter. Wellington Management Group LLP now owns 177,103 shares of the fintech company’s stock valued at $35,305,000 after buying an additional 118,203 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Dave by 29.2% in the fourth quarter. Renaissance Technologies LLC now owns 499,100 shares of the fintech company’s stock valued at $110,506,000 after buying an additional 112,700 shares during the period. Invesco Ltd. lifted its stake 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 buying an additional 93,554 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Dave by 14,074.9% in the second quarter. BNP Paribas Financial Markets now owns 84,766 shares of the fintech company’s stock valued at $22,752,000 after buying an additional 84,168 shares during the period. 18.01% of the stock is currently owned by institutional investors and hedge funds.

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.