Dave (NASDAQ:DAVE) Releases FY 2026 Earnings Guidance

Dave (NASDAQ:DAVE) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 16.250-16.750 for the period, compared to the consensus EPS estimate of 14.420. The company issued revenue guidance of $710.0 million-$720.0 million, compared to the consensus revenue estimate of $698.3 million.

Dave Stock Performance

Shares of NASDAQ DAVE traded down $31.07 during trading on Wednesday, hitting $232.74. The company had a trading volume of 622,738 shares, compared to its average volume of 573,974. Dave has a 12 month low of $105.83 and a 12 month high of $287.69. The firm has a market capitalization of $3.16 billion, a P/E ratio of 17.24 and a beta of 3.93. The stock has a 50 day simple moving average of $212.77 and a 200 day simple moving average of $208.70.

Dave (NASDAQ:DAVE) last released its earnings results on Tuesday, May 5th. The fintech company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $1.16. Dave had a net margin of 35.35% and a return on equity of 67.04%. The company had revenue of $158.40 million during the quarter, compared to analyst estimates of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, analysts predict that Dave will post 13.03 EPS for the current year.

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

Analysts Set New Price Targets

DAVE has been the topic of a number of analyst reports. Wall Street Zen cut shares of Dave from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Citizens Jmp upped their target price on Dave from $335.00 to $365.00 and gave the company a “market outperform” rating in a research note on Wednesday. UBS Group reissued a “neutral” rating on shares of Dave in a research note on Friday, March 13th. Barrington Research reaffirmed an “outperform” rating and issued a $290.00 price objective on shares of Dave in a research report on Monday. Finally, Citigroup reiterated an “outperform” rating on shares of Dave in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Dave currently has an average rating of “Moderate Buy” and an average target price of $325.88.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Company reported a clear beat on Q1 results (strong revenue and margin pickup) and published the quarter’s press release. Management highlighted 47% Y/Y revenue growth to $158.4M, record-low 28‑DPD delinquency and expanding net monetization. Dave Reports First Quarter 2026 Financial Results
• Positive Sentiment: Company raised FY2026 guidance sharply: EPS view of $16.25–$16.75 vs. street ~$14.42 and revenue guidance ~$710–$720M vs. consensus ~$698M — a meaningfully more bullish outlook for the year. Earnings & Guidance
• Positive Sentiment: Capital returns and profitability measures: Q1 net income and adjusted EBITDA rose strongly Y/Y; the company repurchased roughly $195M of shares (~7% of shares outstanding), signaling management confidence and reducing float. Press Release
• Positive Sentiment: Analyst upgrade: Citizens JMP raised its price target to $365 and set a “market outperform” rating, representing a large upside projection versus recent levels. This provides fresh sell‑side support. Benzinga
• Neutral Sentiment: Coverage/recap pieces and conference materials available for investors (earnings recap, call recording and slide deck) for those evaluating the prints and guidance in depth. Slide Deck / Press Materials
• Negative Sentiment: Despite the positive news, shares are trading lower intraday — likely driven by profit‑taking after a strong run, high beta/volatility (beta ~3.9) and short‑term repositioning by traders. That short‑term selling can overwhelm fundamental gains even when guidance and buybacks are constructive. Zacks Earnings Recap

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its position in Dave by 29.2% during the fourth 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 in the last quarter. State Street Corp lifted its position in shares of Dave by 10.6% during the fourth quarter. State Street Corp now owns 233,163 shares of the fintech company’s stock valued at $51,625,000 after buying an additional 22,274 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Dave by 22.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 210,911 shares of the fintech company’s stock valued at $46,698,000 after buying an additional 38,744 shares during the last quarter. Ameriprise Financial Inc. boosted 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 buying an additional 186,273 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Dave by 6.7% in the 4th quarter. Wellington Management Group LLP now owns 189,048 shares of the fintech company’s stock worth $41,857,000 after buying an additional 11,945 shares during the last quarter. 18.01% of the stock is owned by institutional investors.

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.