Dave Inc. (NASDAQ:DAVE) Given Consensus Rating of “Buy” by Analysts

Shares of Dave Inc. (NASDAQ:DAVE) have received an average recommendation of “Buy” from the thirteen analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $338.40.

Several equities analysts have recently weighed in on the company. William Blair restated an “accumulate” rating on shares of Dave in a report on Friday, March 13th. Benchmark upped their price target on shares of Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Lake Street Capital reissued a “buy” rating and set a $332.00 price objective on shares of Dave in a research report on Wednesday, May 6th. Weiss Ratings lowered shares of Dave from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. Finally, Canaccord Genuity Group lifted their target price on shares of Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave announced Gopi Kuchimanchi as its new Chief Technology Officer, a move that could support product development, platform scaling and AI/fintech execution. Dave Appoints Gopi Kuchimanchi as Chief Technology Officer
• Positive Sentiment: Analyst coverage highlighted Dave’s recent rally as being backed by raised guidance, improving credit trends, the Coastal funding deal and strong ExtraCash momentum, reinforcing the bullish case for the stock. Is Dave Stock a Buy, Hold or Sell After Its Recent Strong Rally?
• Positive Sentiment: Another Zacks piece said Dave’s ExtraCash business is still driving growth through higher originations, larger advances, record monetization and solid credit quality, suggesting the company’s core growth engine remains intact. Can Dave’s ExtraCash Growth Engine Keep Delivering?
• Neutral Sentiment: A separate article discussed whether Dave’s Flex Card can expand into everyday spending; the idea is potentially positive, but its impact depends on future credit performance and adoption. Can Dave’s Flex Card Capture More of Members’ Everyday Spending?

Dave Stock Performance

Dave stock opened at $375.51 on Thursday. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $4.77 billion, a P/E ratio of 24.15 and a beta of 3.82. The stock’s 50 day moving average is $288.33 and its 200 day moving average is $232.68. Dave has a twelve month low of $152.21 and a twelve month high of $409.00.

Dave (NASDAQ:DAVE) last announced its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. The business had revenue of $158.41 million during the quarter, compared to analysts’ expectations of $153.67 million. Dave had a return on equity of 77.70% and a net margin of 37.22%.Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, equities research analysts predict that Dave will post 15.44 earnings per share for the current fiscal year.

Insider Activity at Dave

In related news, Director Dan Preston sold 275 shares of the company’s 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 transaction, the director directly owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jason Wilk sold 8,474 shares of the stock in a transaction on Tuesday, June 2nd. The shares were 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 in the company, valued at approximately $82,501,247.50. This represents a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 28.48% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Dave by 24.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,710 shares of the fintech company’s stock valued at $1,382,000 after purchasing an additional 730 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Dave in the 2nd quarter worth about $745,000. GAMMA Investing LLC raised its position in Dave by 43.9% in the 2nd quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock worth $83,000 after buying an additional 68 shares during the last quarter. Prospect Capital Advisors LLC raised its position in Dave by 39.4% in the 1st quarter. Prospect Capital Advisors LLC now owns 52,240 shares of the fintech company’s stock worth $9,094,000 after buying an additional 14,760 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in Dave during the 1st quarter valued at about $373,000. Hedge funds and other 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.